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...
Joyce Lee and Hyunjoo Jin(Reuters) NEW DELHI South Korea’s Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion plant out of neighboring Andhra Pradesh only months after it fully opened due to policy changes last year, sources close to the talks told...
HONG KONG It’s like closing the Las Vegas Strip, six times over. Officials in the Chinese city of Macao last week asked its 41 casinos to close for half a month as they rush to stop the coronavirus outbreak afflicting China and the region. The move will shut down the world’s...
BEIJING Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will start allowing third-party vendors to offer services such as food delivery and hotel bookings on its Alipay mobile payment platform in an expansion beyond its financial services focus. Alipay traditionally competes against Tencent Holding’s WeChat pay in China for mobile...
Naypyidaw China and Myanmar inked dozens of deals on January 18 to speed up infrastructure projects in the Southeast Asian nation, as Beijing seeks to cement its hold over a neighbor increasingly isolated by the West. But no major new projects were agreed during the two-day visit by President Xi Jinping,...
PHNOM PENH (Reuters) Thousands of Cambodians working for a Hong Kong-listed casino company have gone on strike for higher pay and better working conditions, they said on January 8. About 3,000 workers joined the strike in front of the NagaWorld hotel and casino complex, owned by NagaCorp Ltd., in Phnom Penh...
KUALA LUMPUR Malaysia’s top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil imports. MSM Malaysia Holdings Berhad will buy 130,000 tons of raw sugar from India worth...
BANGKOK Thailand’s largest retailer, Central Retail Corporation (CRC), plans to expand domestic online sales as well as its business in Vietnam, as the coronavirus outbreak slows economic growth at home, its top executive said February 27. Shares of CRC, which went to market on February 20 in the country’s largest initial...
PENANG, Malaysia Tech firms at Malaysia’s one-time Silicon Valley of the East, swimming in orders from customers fleeing trade war-hit China, have seen fortunes turn again in the space of just a year as the coronavirus outbreak cuts them off from Chinese suppliers. Semiconductor test equipment manufacturer Pentamaster Corp. saw its...

Zanzibar in the Rain

  http://URL: https://www.nytimes.com/2020/01/20/travel/zanzibar-tanzania-food-culture.html If my circumstances had not been so dire – or rather, if my circumstances had been drier – I might never have found myself at the Zanzibar Curio Shop. At first glance, the store did little to distinguish itself from other trinket purveyors besieging the tangled lanes of Stone...