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Business 25 Dec 2020 | 7:00 AM

Myanmar’s currency gaining against the dollar

YANGON: Zaw Moe Ko was happy that his boss in Myanmar’s commercial centre of Yangon pays him in dollars – until the pandemic struck. Now he can’t get rid of them fast enough.

Corporate News 15 Aug 2018 | 11:04 PM

Facebook is losing war on hate speech? Office in M'sia keeps watch

YANGON, Myanmar: In April, Facebook founder Mark Zuckerberg told U.S. senators that the social media site was hiring dozens more Burmese speakers to review hate speech posted in Myanmar. The situation was dire.

Economy 02 Aug 2018 | 9:08 AM

Myanmar scales back Chinese-backed port project due to debt fears

NAYPYITAW: Myanmar has scaled back plans for a Chinese-backed port on its western coast, sharply reducing the cost of the project after concerns it could leave the Southeast Asian nation heavily indebted, a top government official and an advisor told Reuters.

Corporate News 17 Oct 2017 | 10:37 PM

China to take 70% stake in strategic US$7.2bil port in Myanmar

YANGON: China has agreed take a 70 percent stake in a strategically important sea port in Myanmar, at the lower end of a proposed range amid local concerns about Beijing's growing economic clout in the country, a senior government official said.

Business 11 Oct 2016 | 12:00 AM

Report: New China refinery faces delay as Myanmar seeks extra oil tax

BEIJING: A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the South-East Asian nation, two senior Chinese industry sources said.

Business 25 Mar 2016 | 2:14 PM

Myanmar stock exchange begins trade, FMI closes limit up

YANGON: Myanmar’s stock exchange began trading on Friday with a single listed company some three months after it opened in the country’s commercial capital Yangon.