Business

Yoma Strategic Holdings  denies its founder Serge Pun faces charges for money-laundering and other financial crimes in Myanmar.

The former executive chair of Singapore-listed Yoma Strategic Holdings was also accused of using criminal proceeds from online scam centers to invest in the expansion of Star City.

Min Aung Hlaing’s son and daughter are profiting from electric vehicle import privileges and heavy promotion by regime media. 

Singaporean firm’s suspension of operations at power plant in Mandalay will lengthen blackouts in Yangon and make them more frequent, officials say.

Operations at the gas-fired plant will be resumed “as soon as reasonably practicable once conditions are safe," said the Singapore-based Sembcorp Industries.

Hiroshi Kasamatsu, director of Aeon Orange supermarket chain in Myanmar was detained in late June for selling rice at artificially high prices.

Myanmar’s dollar-starved junta has lowered the percentage of export earnings companies are forced to convert into the local currency to 25%, a week after revoking more than 100 export licenses

Owners of 107 companies whose export licenses were revoked face charges that could result in prison terms and the confiscation of their assets, executives say.

Cooking-oil wholesalers arrested for selling subsidized supplies of the staple above the price set by the junta; economist warns that the junta’s economic policies are backfiring.

The kyat shed another 13 percent of its value against the US dollar in July, ending the month at 5,400 to the greenback. It was trading as low as 1,300...