Myanmar to accept Thai baht for border trade, eyes using rupee
Myanmar will start accepting the Thai baht currency for settling border trade transactions and is also looking at a similar plan to use the Indian rupee for such trade, the ministries of information and investment said on Tuesday.
EU Parliament’s top group suggests blacklisting Switzerland after Credit Suisse leaks
The main political grouping in the European Parliament called on Monday for a review of Switzerland’s banking practices and for the country’s possible inclusion in the EU’s dirty-money blacklist after leaks of Credit Suisse (CSGN.S) documents.
Telenor Q4 lags forecasts, sees flat to slightly higher 2022 earnings
Norway’s Telenor (TEL.OL) said on Wednesday it expects its earnings to be largely flat or slightly higher in 2022 compared to last year, as it posted quarterly profits below forecasts.
Myanmar currency drops 60% in weeks as economy tanks since February coup
Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military coup eight months ago. Many gold shops and money exchanges closed on Wednesday due to the turmoil, while the kyat’s dive […]
Desperate Myanmar residents queue for oxygen as COVID-19 cases surge
July 12 (Reuters) – Myanmar’s military authorities pledged on Monday to ramp up oxygen supplies to help treat COVID-19 patients, as residents described their struggle to secure supplies to save loved-ones from a record-setting wave of infections. Photographs on social media showed long queues of residents in Myanmar’s biggest city Yangon trying to refill oxygen […]
Myanmar COVID-19 outbreak hits health system shattered after coup
Breathless, fevered and without the extra oxygen that could help keep them alive, the new coronavirus patients at a hospital near Myanmar’s border with India highlight the threat to a health system near collapse since February’s coup.
Total, Chevron suspend payments to Myanmar junta from gas project
French oil and gas group Total (TOTF.PA) and U.S. energy company Chevron (CVX.N) have suspended some payments from a gas joint venture that would have reached Myanmar’s junta, earning praise from pro-democracy activists for taking an important first step.
Military coup puts Telenor’s future in Myanmar on the line
Since Myanmar’s military ordered telecoms operators to shut their networks in an effort to end protests against its February coup, Telenor’s business there has been in limbo. As one of the few Western companies to bet on the South East Asian country after it emerged from military dictatorship a decade ago, the return to army […]
Myanmar protesters raise voices to ‘shake the world’; more mystery blasts
Protesters in Myanmar turned out in their thousands on Sunday, marching to oppose military rule more than three months after a coup, and security forces responded with gunfire in at least three places, killing four people, media reported. The bloodiest protests for some days were coordinated with demonstrations among Myanmar communities around the world to […]
EU ready to help restore democracy to Myanmar – high representative
The European Union is ready to offer its support to all parties to help restore democracy in Myanmar, the bloc’s high representative told ASEAN states on Friday. Southeast Asian leaders said after an emergency ASEAN summit last week that they had reached consensus with Myanmar’s junta on ending violence there. read more “The European Union stands […]
