Economy and industry

Myanmar’s Ayeyarwady Bank, also known as AYA Bank, announced on Tuesday that it will start issuing Visa cards to a wider customer base. The bank will issue three types of credit cards — silver, gold and platinum. The most accessible card requires a monthly income ...

The Australian government on May 30 announced plans to ban those listed on the country’s national sex offender registry from travelling abroad – a plan that would nullify the passports of 20,000 offenders, including those who may be living or travelling in Cambodia. Australian Foreign Minister ...

At first glance, it’s easy to dismiss Le Thi as just another raddled old woman. At 97, she has lost almost all her teeth and a severe hunchback impedes her movement. She spends most of her time lying in bed on her side, slowly chewing ...

Panasonic looks to build up to 50% more televisions in Asia outside Japan by fiscal 2020, taking advantage of low labor costs to churn out mass-market to top-of-the-line sets. The Japanese appliance manufacturer targets 3 million units of production capacity in the region by then. ...

MMC Corp., a Malaysian diversified infrastructure and utilities conglomerate, said on Monday that net profit improved 7.4% year on year to 55 million ringgit ($13 million) in the first quarter of the year due to growth in its power generation unit. Revenue in the same ...

Thailand’s Total Access Communication, commonly known as Dtac, will join with state-owned telecom operator TOT to offer 4G wireless network services. Dtac will pay 4.51 billion baht ($132 million) annually to access 60% of TOT’s 2,300MHz spectrum, setting up 20,000 cell towers. The remaining 40% ...

Samsung Electronics will spend around 10 trillion won ($8.91 billion) to double capacity at a cutting-edge memory chip plant in China by 2019, aiming to solidify its position at the top as the sale of rival Toshiba’s memory operations drags on. The South Korean giant ...

Thailand is seeking to take on Singapore’s dominance in aircraft maintenance, repair and overhaul with a $5.7 billion upgrade of a Vietnam War-era airport. Lockheed Martin Corp.’s Sikorsky Aircraft is the latest company to study a possible increase in MRO spend in Thailand in the wake ...

For wildlife enthusiasts in the region, these are exciting times. A horned lizard and rainbow-headed snake were among 163 delightful new species documented last year by scientists alongside 10 endangered Irrawaddy dolphin calves. Fewer than 90 Irrawaddy dolphins exist on the planet.But all is not ...

Yokohama Rubber will ramp up its tire output capability in China as it seeks to boost business with local automakers. The Japanese manufacturer will bolster its production capacity for passenger-car tires in China to 13.6 million units a year by 2020, up nearly 50% from 9.35 million units in ...