The Central Bank of Myanmar (CBM) has extended the time span of compulsorily converting foreign currencies into kyats for exporters trading at the borders with China and Thailand.
Tagged By business
China to cut coal import tariffs to zero from May 1
China will cut import tariffs for all types of coal to zero from May 1, 2022, until March 31, 2023, the Ministry of Finance said in a statement on Thursday.
Becoming a Dormant Business in China amid Difficulties: What You Need to Know
We discuss how businesses can apply for dormant company status in China, with information on applicability and legal consequences, besides a comparison with other commercial jurisdictions like the UK, …
Vanguard China Tie-up With Ant Has Bigger-Than-Forecast Loss
When Vanguard Group Inc. made a surprise retreat from China last year, the U.S. investing giant pinned its remaining hopes on a robo-advisory joint venture with billionaire Jack Ma’s Ant Group Co. The …
Emotional To Economic: The Costs Of China’s Zero-Covid Policy Summed Up
Many factories have been forced to shut at a time when businesses are already scrambling to keep up with soaring costs of everything from labour to raw materials.
China, supply chain issues hurt Beiersdorf adhesives unit’s outlook
Beiersdorf , the maker of Nivea skin care products and Tesa glue, cut the forecast for full-year sales at its adhesives unit on Thursday due to extensive lockdowns in China and ongoing supply chain …
China’s Full Truck Alliance pauses $1 billion Hong Kong listing – sources
Plans by Full Truck Alliance Co Ltd, China’s ‘Uber for trucks’, to raise $1 billion in a Hong Kong listing this year have been paused as a Chinese cybersecurity regulator has yet to announce findings…
COLUMN-Europe draws more LNG from Asia as China imports slump: Russell
Europe is attracting a greater share of liquefied natural gas (LNG) cargoes, taking volumes from top-importing Asia, amid ongoing concern about the security of pipeline supplies from Russia. While …
Chinese tech firm’s 890 per cent debut on Nasdaq underlines appetite for Chinese IPOs amid efforts to defuse audit, delisting tensions
Ostin Technology, a maker of display modules, gained 892 per cent to US$39.66 on Nasdaq, raising US$13.5 million Despite the auspicious debut and positive signs in the discussions between the US and …
China lockdowns cost U.S. firms
Companies from Microsoft to Texas Instruments that long benefited from supply chains that run through China are now paying a price for the country’s sweeping lockdowns that have confined millions to …
Europe draws more LNG from Asia as China imports slump: Russell
While it’s not much of a shock that Europe is seeking to maximize LNG imports, what is perhaps surprising is that the country taking substantially less LNG than usual is China, …
Sinopec incurs $244 mln loss on Q1 LNG imports – company exec
China’s Sinopec Corp incurred a loss of 1.6 billion yuan ($243.58 million) on its LNG imports in the first quarter due to high import costs, a company executive said on an earnings call on Thursday.
Laura Ingraham Blasts 19 GOP Senators ‘Willing to Sell Out the American People to China’ by Voting to Ease Tariffs
Laura Ingraham ripped Republican senators who support easing tariffs on Chinese imports. The Fox News host cited a POLITICO report that stated several Senate Republicans seem poised to support an …
