Myanmar opened to private life insurance just six years ago. Aided by joint-ventures with foreign investors just now starting, the market could triple in size in the next decade.
The economic wing of BJP constituent Rashtriya Swayamsevak Sangh called government plans to sell foreign currency bonds ‘un-patriotic.’
China processes five times the rest of the world’s rare earth elements, which are needed for everything from iPhones to military jets. It would take years to catch up.
The Ministry of Hotels and Tourism issued its second call for hotel and tour operators to stop accepting payment in US dollars, frustrating some small businesses.
Beijing has set a growth target of 6 to 6.5 percent for this year, easing from 6.6 percent in 2018—the slowest rate of expansion the country has seen in nearly 30 years.
Two people said to be responsible for running the syndicate which caused members to lose over $6.5 million have been arrested.
Around 1,200 attended the Yangon Investment Forum 2019 in Yangon this week, where officials touted the city’s investment advantages to potential investors.
The prospect of continuity should reduce uncertainty in Southeast Asia's second-largest economy and encourage foreign fund inflows, analysts and fund managers said.