Japanese beer company Kirin is investigating whether its donations went to Myanmar’s military, accused of brutal attacks against Rohingya Muslims. Amnesty International has urged Japanese authorities to look into donations Kirin’s subsidiary Myanmar Brewery made in September and October last year. A televised ceremony for a US$6,000 donation showed the commander of Myanmar’s military. Tokyo-based […]
Emerging markets hold hope for smartphone shipment growth
May 15, 2018 by
Global smartphone shipments continued to weaken in the first quarter (Q1) of 2018, according to analysts. Canalys says shipments were down 3.4%, continuing the trend from a decline of 3% in Q4 2017. Worldwide sales of smartphones recorded their first decline since 2004, in Q4 of 2017, says Gartner. Global sales of smartphones to end-users […]
ATM Growth Slows in China, India, Picks up in New Markets
November 18, 2017 by
The number of ATMs worldwide reached a record 3.3 million in 2016, however, the rate of expansion slowed to 3 percent, down from 5 percent in 2015, according to the RBR report, Global ATM Market and Forecasts to 2022. The decline has largely resulted from rationalization in western Europe and markets such as Brazil and […]
Foreign and domestic investments rise during govt’s first fiscal year
September 5, 2017 by
In the National League for Democracy (NLD) government’s first fiscal year in power local investors made investments amounting to K1.57 trillion while foreigners made investments worth a total of US$7.44 billion in Myanmar, Deputy Minister of Planning and Finance U Set Aung said at the Pyidaungsu Hluttaw on August 31. DURING the 2016-17 fiscal year, […]
Toddy Climbing Business Faces Fall
June 20, 2017 by
It takes a great deal of bravery to climb up one of the 50 metre toddy palm trees outside Mandalay. Aung Zaw, a “tapper” or “climber”, has done it for 15 years. Strong winds, shaky ladders, slippery rugs, almost nothing scares him. Today, however, he fears for his job as the toddy industry is in […]
Taiwan’s ‘Little Burma’
March 22, 2017 by
A short five-minute walk from the Taipei metro terminal station of Nanshijiao lies Huaxin Street. It is here, nestled away in the concrete jungle that makes up Zhonghe District — one of the most densely populated parts of the planet — that Taiwan’s Burmese population has settled over the past several decades. The roughly 40,000 […]
Myanmar Has Earned Over $370m From Rice Exports So Far This Fiscal Year – Ministry
February 13, 2017 by
Myanmar exported over 1.2 million tons of rice in the first 10 months of the current fiscal year, earning $376 million, according to the figures of Ministry of Commerce. As of January, 68 percent of rice exports, or 800,000 tons, were sold through border trade, while over 400,000 tons were sold through other channels, […]
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