The Small and Medium Business Development Agency (SMBDA) under the Ministry of Economy continues to help local farmers.
ADB approves $1.5bln in Kazakhstan, Uzbekistan COVID-19 loans
ADB said its aid would “support the comprehensive COVID-19 health policy response, social protection and employment protection measures, and economic stimulus plan introduced by the government to …
Myanmar provides US$22mil loans to pandemic-hit businesses
The Myanmar government has provided 31.8 billion kyats (US$22 million) loans to the most vulnerable business affected by Covid-19, an official from the Ministry of Planning, Finance and Industry told …
Myanmar to Launch Investment Policy Review
In its latest review, the France-based OECD has helped Myanmar identify policies and reforms needed to secure more investment, MIFER said.
Philippines Surprises With Half-Point Rate Cut to Boost Economy
The Philippines central bank cut its benchmark interest rate by a bigger-than-expected 50 basis points to support an economy facing its worst crisis in decades.Bangko Sentral ng Pilipinas lowered its …
Japan Stuck In Downturn As Manufacturing Hit By Trade Woes
Flash Japan PMI signals a further sharp decline in output, led by accelerating downturn in manufacturing. Trade weakness hit demand for Japanese goods and servi …
Kuwait sends Bangladesh MP Shahid Islam to prison on charges of human trafficking, money laundering
The Kuwaiti attorney general decided to detain Bangladesh MP Mohammad Shahid Islam, nicknamed Papul, in the country’s central prison for a period of 21 days after interrogations of 17 days, according …
Pakistan airline says 150 pilots grounded after crash probe
Pakistan’s state-run airline says it will ground 150 pilots on charges they obtained their pilot licenses by having others take exams for them …
Coronavirus crisis a ‘genuine concern’ for Xiaomi’s India business, a senior executive says
Xiaomi India’s managing director Manu Kumar Jain addresses the business impact from the coronavirus pandemic, ongoing tensions between China and India, as well as the company’s 5G rollout plans.
Amazon Vs. Facebook: Battleground India
Facebook and Amazon have both made aggressive moves into India recently. Amazon could generate $70 billion in annual sales in India by 2027. Facebook could add …