News Myanmar Commodities: Myanmar to lower dollar reliance
MYANMAR wants to broaden its use of Chinese and Russian currencies and lessen its dependence on the dollar, which the junta spokesman said some countries are using “to bully smaller nations.” Min Aung Hlaing, the head of the military government, discussed “replacing the use of dollar with other currencies such…
News Myanmar Commodities: Trafigura's Puma Energy agrees to sell Myanmar business
GENEVA, Oct 5 (Reuters) - The midstream and retail arm of Trafigura, Puma Energy, has agreed to sell its Myanmar business to a local private company, Puma said in a statement on Wednesday.
News Myanmar Commodities: Commodity price hike dims demand for lanterns
The sales of decorative lanterns decreased this season,” said Nyein Chan, who has been making and selling lanterns during the annual season since he was a child, referring to the lighting festival ...
News Myanmar Commodities: Myanmar's handmade lantern market sees low demand amid commodity price hike
A woman makes a traditional lantern for Thadingyut lighting festival in Yangon, Myanmar, Oct. 7, 2022. (Photo by Myo Kyaw Soe/Xinhua) Although the prices of raw materials were higher, lantern makers do not raise the prices of lanterns this year, said Thanda Oo, a Myanmar lantern maker. "We keep making and selling lanterns to preserve the business inherited from my ancestors." YANGON, Oct. 9 (Xinhua) -- With Myanmar's lighting festival around the...
News Myanmar Commodities: Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell $3.53 to $98.54 a barrel Monday. Brent crude for June delivery fell $4.33 to $102.32 a barrel. Wholesale ...
News Myanmar Commodities: Traders eye speeding China-Myanmar border trade after RMB accounts allowed in private banks
Allowing private banks authorized to offer RMB accounts is good for merchants and the use of RMB will increase border trade with China," said U Min Thien, chairman of the Muse Commodity Depot. Four ...
News Myanmar Commodities: Myanmar junta approves sale of Telenor subsidiary to Lebanon's M1
Myanmar's junta has approved the sale of Norwegian telecoms giant Telenor's Myanmar subsidiary to Lebanese conglomerate M1 Group, both companies said on Friday, in a move activist groups warn could put sensitive customer data in the hands of the military.The Southeast Asian nation has been in chaos since a coup last year sparked huge protests and a bloody military crackdown on dissent, sending the economy into freefall.
News Myanmar Commodities: New study lists Asian countries that will be hit hardest — and least — by the Ukraine war
From food prices to tourism and weapons supply, Asia-Pacific countries could be hit hard by the Russia-Ukraine war, says to a Economic Intelligence Unit report.
News Myanmar Commodities: Mizoram : Governor, ITIF Representatives Discuss Indo-Myanmar Trade At Zokhawthar
NET Web Desk In an attempt to revive the formal Indo-Myanmar Border Trade at Zokhawthar, the International Trade Initiative Forum (ITIF) of Mizoram has ... Read more ...
News Myanmar Commodities: Myanmar protesters seek joyless New Year to subvert junta’s ‘fun Thingyan’ festivities
“The military junta is trying to revive the Thingyan festival, but on the other hand, commodity prices are soaring and we are also suffering from the effects of the war. There are now more than ...
News Myanmar Commodities: Ooredoo Myanmar reports 8% growth in revenue in 2021
Despite challenges in the telecom sector and internet shutdown, Ooredoo Myanmar says that the revenue in 2021 grew by 8% compared to 2020. "During 2021, COVID and directed shutdown of internet services did have impacts on Ooredoo Myanmar’s revenue but in the last quarter of the year, revenu ...
News Myanmar Commodities: Is this a time of irrational or rational exuberance?
The longer this lingers, the more time there is for less friendly nations to position this as an opportunity to create divisions. China, Iran, North Korea, Myanmar, OPEC+, among others, may see this ...
News Myanmar Commodities: Myanmar Junta Chief Not Seen in Public for More Than a Week
The despised military regime chief’s rare prolonged absence from public view has prompted many theories, from claims he has COVID-19 to speculation he has cancer.
News Myanmar Commodities: Rights advocates urge jet fuel sanctions against Myanmar
Some human rights advocates are urging governments to impose sanctions against supplying aviation fuel to Myanmar as security forces stage air attacks against opponents of its army-led administration ...
News Myanmar Commodities: The time for private Myanmar businesses to turn to solar is now.
You would be forgiven for missing this, but last weekend there was an announcement in Myanmar that the grid will be turned off for vast swathes of the country for the whole week of 12 March. Take a moment to consider the significance of an announcement such as this: imagine if the government in your
News Myanmar Commodities: EXCLUSIVE Indian rice traders stop new export deals as freight train shortage blocks shipments
Nearly a third of India's rice exports for this month are stuck due to a shortage of freight trains and most traders have stopped signing February export contracts to avoid demurrage charges, industry ...
News Myanmar Commodities: 70% of Japanese firms to keep or expand business in Myanmar even after coup
A JETRO survey found 52.3% of businesses will maintain their current levels of operations in Myanmar and 13.5% will expand them, while 6.7% will withdraw from the country.
