BENGALURU, June 3 (Reuters) - India's government has approved Gilead Sciences Inc's antiviral drug remdesivir for emergency use for five doses in treating COVID-19 patients. Remdesivir, which is administered intravenously in hospital, is the first drug to show improvement in COVID-19 patients in formal clinical trials and is at the...
Japanese drinks giants Kirin Holdings booked an impairment loss of over 21.4 billion yen ($193 million) in the six months through June on account of its beer production businesses in Myanmar. But it is not planning to exist in Myanmar, Reuters reported quoting senior executive officer Toru Yoshimura from Kirin,...
Written by Aung Khant Oo အောက်တွင် မြန်မာလိုဖတ်ရှုနိုင်ပါသည်။ With COVID-19 seemingly worsening across Myanmar, and the uncertainty of what changes the coming election may bring, there has never been a more crucial time to focus on the financial stability of the country. The key to ensuring stability and safeguarding our future is...
A group of seven robbers robbed the AYA Bank’s cash carrier van on the old Yangon-Mandalay highway between Lat Pan Won Village and Thar Yar Aye Village in Inndagaw Township, Bago Region around 2 p.m. on September 13. Although local media reported that the robbers got away with money as...
This article was written by Sean Turnell and posted on East Asia Forum On 1 July 2020, the European Union and six of its member governments announced a moratorium on debt repayments due from Myanmar. The agreement allows Myanmar to ‘focus efforts on economic recovery from COVID-19’ and is worth...
People in Thailand, including foreigners, who fail to wear a face mask when out in public face being prosecuted, a senior spokesperson for Thailand’s COVID-19 task force said on Monday (Nov 22). Dr. Apisamai Srirangson, spokesperson for the Centre for Covid-19 Situation Administration (CCSA) said since Thailand had reopened to...
Local gold price, which has skyrocketed reaching over K1.7 million following the coup by the military, now has dropped as much as K200,000 as the price decreased to around K1.5 million per tical (tical= 16.3 g). On May 26, the domestic gold market closed with K1.5 million per tical while...
KBZ Bank and Tranglo, a cross-border payment hub, have formed a remittance partnership to facilitate inbound foreign money transfers directly into the accounts of KBZ Bank customers. Approved by the Central Bank of Myanmar, this service allows Myanmar workers in countries such as Malaysia, Singapore, and South Korea to...
  The Central Bank of Myanmar has legalized interbank money market transactions in a bid to boost development of the banking and finance industry. Under the CBM’s directive, banks can carry out activities such as interbank lending, interbank savings and interbank trading in government securities. Banks can provide interbank loans with terms...
Myanmar has made progress in poverty reduction as the proportion of the population living in poverty declined by almost 50 percent between 2005 and 2017, according to the Poverty Report, issued by the World Bank, UNDP, and the Central Statistical Organization.  The proportion of the population living below the poverty line...