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In Myanmar, buying cars and homes with gunny sacks full of cash

Banks have even received deposits of S$10 million in bills, in a country where most still prefer cash in hand over credit. But could mobile wallets change all that? YANGON: At banks in Myanmar, it’s not unusual to see people lugging huge and heavy gunny sacks into the lobby. Once inside, they’ll split open the […]

Bamboo matting business nearly halts in Tatkon

Bamboo matting is in danger of going out of business in Tatkon due to a public loss of interest in bamboo matting produce and increasing labour shortages. The soaring price of bamboo used for matting and shortages of skilled labour are likely to push business out of operation, said U Aung Than who runs a […]