DUBAI, June 1 (Reuters) - Emirates' outgoing President Tim Clark on Monday said it could take the state carrier up to four years to resume flying to its entire network that has been decimated by the coronavirus pandemic. The Dubai-based airline, which flew to 157 destinations in 83 countries before...
The Yangon West District Court, on January 26, rejected the dissolution of Myanmar Brewery, a joint venture between Japanese brewer Kirin Holdings and Myanma Economic Holdings (MEHL). "The Order upholds Kirin Holdings’ position that the Petition should be dismissed because the statute on which the Petition is based is incorrect....
By Brenna Hughes Neghaiwi and Simon Jessop ZURICH/LONDON (Reuters) - As stock markets roar back from the coronavirus-led rout, advisers to the world's wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks' cash splurge. Before the COVID-19 pandemic,...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် “If a problem arises, protect your valuable assets first,” says Mr. Christoph Vavrik, Managing Director of Myanmar Carlsberg, during an interview with Myanmar Business Today. “The most important asset in a company is not necessarily a brand or exploration rights for an oil company or real estate....
After the Central Bank of Myanmar has tightened the dollar exchange rate to between 0.5% of its reference rate by an order issued on November 9,  the dollar rate against Myanmar Kyat has dropped to MMK 1,778 per dollar today. Following the order, there were more buyers than sellers in...
Central Bank of Myanmar has now allowed Authorized Dealer license holding banks and non-bank financial institutions to buy and sell Chinese yuan and Japan Yen, according to the notice issued on October 12. It has already allowed the US dollar, Euro, Singapore Dollar, Baht, and Ringgit to be traded in...
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...
Major Japanese retailer Aeon has decided to postpone its $180 million shopping mall project in Myanmar due to the political turmoil in the country, according to NHK reports. Aeon planned to start the construction process this year and expected to open the mall by 2023. The project is a joint venture...
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...
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...