News
Leather and footwear exports could reach $26 billion by 2020
Việt Nam is targeting to earn between US$24 billion to $26 billion from leather and footwear exports by 2020 under a revised plan for leather and footwear industry development until 2025 with a vision to 2035. The Ministry of Industry and Trade held a seminar ...
Landslides threaten 11 households in Đồng Tháp
Cả Lách Canal in Bình Thành Commune, Thanh Bình District, southern Đồng Tháp Province, was hit by landslides during the past week, threatening 11 houses. This was stated by the provincial Department of Agriculture and Rural Development (DARD). The landslide section is 150m in length, ...
ASEAN finance ministers commit to promoting economic growth
Finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) have agreed to promote economic growth and financial integration, and strengthen financial stability in the region. The commitment was detailed in a joint statement, which was issued at the third Finance Ministers ...
Atomic energy generating billions of USD
Radiation and radioactive isotope applications have helped Vietnam produce more high-yield rice varieties resistant to pests and diseases, while new technologies have helped diagnose and treat critical diseases. From these applications, billions of dollars have been contributed to the economy. Hoang Anh Tuan, Director of Vietnam Atomic ...
HCM City to begin first river bus route in June
HCM City People’s Committee has called on departments of transport, natural resources and environment and district-level People’s Committees to facilitate the city’s first two river bus routes. The investor, Thuong Nhat Co. Ltd., plans to open the two river bus routes in June. Chairman of the People’s ...
Peace and economy co-related: peace commission chair
To attract more local and foreign investments in Myanmar, peace and political stability are critical, said Peace Commission chair Dr Tin Myo Win. “It is fundamental. Business is essential for peace and peace is also critical in encouraging business growth. They are co-related. “We also need ...
Capital markets essential for private sector: IFC
International Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) signed a memorandum of understanding (MoU) in March to strengthen corporate governance regulatory standards and practices in Myanmar. In its press statement, the IFC said ...
Lessons from the 1997 Asian financial crisis
The Asian financial crisis in 1997 plunged many ASEAN countries into recession. The crisis dragged down the Indonesian rupiah, the Thai baht, the Malaysian ringgit and other currencies. Even the Hong Kong dollar came under enormous pressure, though the city managed to prevent a devaluation because ...
Disruption of train services during Thingyan
As fewer passengers travel by train during the Thingyan water festival, some of the train services will not run until the festival is over. The train services will resume their normal schedules after Thingyan, Mandalay Railway Station Master U Nyein Maung said. Train maintenance will ...
K19 billion excess taxes collected
Mandalay’s tax revenue in the last budget year exceeded the collection of the year before by almost K20 billion, thanks to increased awareness among taxpayers. The regional government only expected to collect K141 billion in taxes in the 2016-17 budget year but managed to get ...
