LONDON
The physical crude oil market and the structure of the oil futures curve have rarely been more aligned over the past few years than in recent weeks, and they tell a counterintuitive story of a tight oil market next year.
While OPEC and the International Energy Agency point to a...
By Brenna Hughes Neghaiwi and Simon Jessop
ZURICH/LONDON, May 14 (Reuters) - When markets slumped in March as the spread of coronavirus gathered pace, wealth managers' trading volumes soared as ultra-rich clients reshuffled their portfolios.
It was this market frenzy that helped Swiss banks UBS and Credit Suisse – the world's...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
The Ministry of Planning, Finance, and Industry has issued a notice on May 12 allowing eight general insurance companies and Myanma Insurance to sell new insurance products across the country namely Industrial All Risk, Construction All Risk/ Erection All Risk, and Baliee's Liability Insurance.
However, all of these...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
The local gold price has been gradually rising, reflecting the global gold price.
In the domestic market, a tical (=16.3g) of 24K quality gold goes around K1.287 million and the exchange rate is K1,390 per dollar.
“Gold price is changing, reaching over K1.28 these days,” a salesgirl at Aung...
Financial Regulatory Department announced that the government will provide one-year loans with low interest to tea shops and small restaurants.
The government through Myanma Economic Bank will provide loans to microfinance services at a one percent annual interest rate so that they can lend the teashops and small restaurants, who...
CB Bank launched CB Card+ mobile application for CB Bank card customers. The customers can view Card information as well as use the app to make payments at any stores which accept Visa contactless payments if their phones have NFC capabilities. CB Card+ application can be downloaded online at...
A Yangon based Korean garment factory, Yangon Pan-Pacific International Co., Ltd (YPI), announced today that it will be hiring 600 new workers while many factories and firms are struggling to keep employees.
The factory said that it is hiring new staff as it is planning to expand new product lines....
By Sam Nussey
TOKYO, May 18 (Reuters) - Japan's SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son's conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn.
The disastrous 1.9 trillion yen ($18 billion)...
Myanmar has seen increased foreign and local investment in September 2020, according to investment data for August and September from Myanmar Investment Commission.
In August, the commission approved $40.992 million foreign direct investments while the approved investment in September reached $507.159 million.
Looking at the investment by sector, the industrial sector...
Zin Thu Tun
The Rakhine State Government has called for more proposals for an industrial zone project in Ponna Kyun. It started selling K10,000 proposal forms on December 18 and the deadline for submission is January 17.
The state government has received one proposal, from a local company, Pyaywachanthar, for a...