Business

YANGON, May 5 (NNN-MNA) – Myanmar’s trade deficit recorded over 1.2 billion U.S. dollars, in the first seven months of present fiscal year (FY) 2019-2020, up from over 651 million U.S. dollars in the corresponding period of last FY, the Commerce Ministry said, Tuesday.

From Oct 1 to Apr 24 of this FY, the country earned over 10.4 billion U.S. dollars, while its import reached over 11.6 billion U.S. dollars.

SAN FRANCISCO, May 5 (NNN-AGENCIES) – U.S. ride-hailing company, Uber Technologies, said on Monday that, the company is closing its on-demand food operations in seven countries in a month.

The company announced that it would fully discontinue Uber Eats operations in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine by June 4, 2020, while Uber Rides operations would not be affected, according to Uber’s regulatory filing to the U.S. Securities and Exchange Commission.

Washington, May 4 (AP/PTI) President Donald Trump says he believes a vaccine for COVID-19 will be available by the end of the year.

Trump also says the U.S. government is putting its full power and might behind remdesivir, a drug that has shown early promise as a treatment for the disease caused by the new coronavirus.

Trump commented Sunday night during a televised town hall sponsored by Fox News Channel.

Jammu, May 4 (PTI) The Jammu and Kashmir administration has declared the entire Kashmir valley and three district of Jammu region as "red zone" based on overall assessment of the coronavirus situation and expected movement of stranded persons to the union territory.

The classification of districts was given in an order issued by Chief Secretary BVR Subrahmanyam on Sunday night.

The Union Health Ministry had classified four districts of Jammu and Kashmir - Srinagar, Bandipora, Anantnag and Shopian -- in red zone.

Lucknow, May 3 (PTI) In conformity with the Union Home Ministry guidelines, the Uttar Pradesh government on Sunday issued orders regarding the relaxations to be given during the third phase of the coronavirus lockdown beginning Monday.

According to an official, the government accepted the definition of the zones as provided by the Centre.

He said everyone in the hotspots has been urged to download the Arogya Setu app.

Chandigarh, May 3 (PTI) All neighbourhood shops in Chandigarh will remain open from 10 am to 6 pm on an odd-even basis from Sunday, the union territory administration has said.

However, malls, market complexes and big shops will remain closed.

All shops in internal sector markets will remain open on an odd-even basis -- even numbered shops will open on May 4 and those with odd number on May 5.

Indore, May 3 (PTI) A case was registered on Sunday after a purported poster prohibiting the entry of traders from a minority community in a village in Madhya Pradesh's Indore district had surfaced on social media during the lockdown period, an officer said.

The purported banner bearing the name of Pemalpur village, located 65 kms away from Indore district headquarter, displayed a message that traders from a community were banned from entering the village as per the order of villagers.

KUALA LUMPUR, May 4 (NNN-BERNAMA) — Today, Malaysia will begin its Conditional Movement Control Order (CMCO) with almost all economic and business sectors allowed to reopen, subject to conditions and standard operating procedures (SOPs) set by the authorities.

3 May 2020; MEMO:  Reserve Bank of India suspended operations of CKP Co-operative Bank and cancelled its licence saying that that the financial position of the bank is highly adverse and unsustainable.

"The affairs of the bank were and are being conducted in a manner detrimental to the public interest and interest of the depositors and that the general character of the management of the bank is prejudicial to the interest of depositors as also public interest," RBI said.

3 May 2020; MEMO: Malls in the United Arab Emirates’ capital Abu Dhabi began reopening to a restricted number of customers this weekend as the UAE eases lockdown measures imposed more than a month ago to combat the novel coronavirus, reports Reuters.

Three Abu Dhabi malls reopened on Saturday at 30% customer capacity after adopting safety measures, including installing thermal inspection devices, the government media office tweeted and Sharjah emirate said it would reopen malls on Sunday.