Business The Myanmar Times has the latest news from across Myanmar. http://www.mmtimes.com/index.php/business.html Mon, 20 Oct 2014 10:41:50 +0630 en-gb Indian trade primed to grow http://www.mmtimes.com/index.php/business/11998-indian-trade-primed-to-grow.html http://www.mmtimes.com/index.php/business/11998-indian-trade-primed-to-grow.html

Obstacles such as frequent border closures need to be overcome if both India and Myanmar are to follow through on plans to grow bilateral commerce.

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kyawzaya387@gmail.com (Su Phyo Win and Nyein Ei Ei Htwe) Business Mon, 20 Oct 2014 07:00:00 +0630
Onshore block signing delayed http://www.mmtimes.com/index.php/business/12004-onshore-block-signing-delayed.html http://www.mmtimes.com/index.php/business/12004-onshore-block-signing-delayed.html An uncertain situation in Pakistan is delaying the signing of agreements governing the last two oil onshore blocks in Myanmar, according to officials.

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kyawzaya387@gmail.com (Aung Shin) Business Mon, 20 Oct 2014 07:00:00 +0630
KFC targets middle-class future http://www.mmtimes.com/index.php/business/12000-kfc-targets-middle-class-future.html http://www.mmtimes.com/index.php/business/12000-kfc-targets-middle-class-future.html

KFC plans to position its fare as aspirational products when it opens its doors in Myanmar in 2015, as its owner Yum! Brands announced a deal with Singapore-listed, Myanmar-focused Yoma Strategic Holdings to bring its popular chicken to the country.

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kyawzaya387@gmail.com (Jeremy Mullins) Business Mon, 20 Oct 2014 06:50:00 +0630
Reform in the works for state-owned banks http://www.mmtimes.com/index.php/business/12008-reform-in-the-works-for-state-owned-banks.html http://www.mmtimes.com/index.php/business/12008-reform-in-the-works-for-state-owned-banks.html

Prominent state–owned banks must rapidly reform or risk being removed, according to senior government officials.

 

 

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kyawzaya387@gmail.com (Aye Thida Kyaw) Business Mon, 20 Oct 2014 06:30:00 +0630
Paddy price plunge hits farms http://www.mmtimes.com/index.php/business/12006-paddy-price-plunge-hits-farms.html http://www.mmtimes.com/index.php/business/12006-paddy-price-plunge-hits-farms.html

Paddy prices have taken a big hit from a recent drop in demand from China, as border officials have strangled the bilateral rice trade by stepping up efforts to prevent illegal imports.

 

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kyawzaya387@gmail.com (Zaw Htike) Business Mon, 20 Oct 2014 06:10:00 +0630
Traders step toward a futures market for commodities http://www.mmtimes.com/index.php/business/12002-traders-step-toward-a-futures-market-for-commodities.html http://www.mmtimes.com/index.php/business/12002-traders-step-toward-a-futures-market-for-commodities.html Beans and pulses traders have begun a pilot program selling futures contracts, as business leaders look to develop a futures market for commodities in the country.

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kyawzaya387@gmail.com (Zaw Htike) Business Mon, 20 Oct 2014 06:00:00 +0630
Tidied–up trains to draw ads http://www.mmtimes.com/index.php/business/12003-tidied-up-trains-to-draw-ads.html http://www.mmtimes.com/index.php/business/12003-tidied-up-trains-to-draw-ads.html

Myanma Railway is counting on its clean new carriages to draw advertising revenue, though another tender may take some time, according a senior official.

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kyawzaya387@gmail.com (Aye Nyein Win) Business Mon, 20 Oct 2014 06:00:00 +0630
ADB eyes boosting local agriculture http://www.mmtimes.com/index.php/business/12007-adb-eyes-boosting-local-agriculture.html http://www.mmtimes.com/index.php/business/12007-adb-eyes-boosting-local-agriculture.html

The Asian Development Bank is planning a big push to support Myanmar’s agricultural sector by investing in efforts like a US$75 million irrigation project, according to officials.

 

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kyawzaya387@gmail.com (Su Phyo Win) Business Mon, 20 Oct 2014 06:00:00 +0630
Six firms still in hunt for ASEAN prize http://www.mmtimes.com/index.php/business/11999-six-firms-still-in-hunt-for-asean-prize.html http://www.mmtimes.com/index.php/business/11999-six-firms-still-in-hunt-for-asean-prize.html Six Myanmar companies snagged national titles from the ASEAN Business Awards 2014, supported by local business association UMFCCI.

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kyawzaya387@gmail.com (Noe Noe Aung) Business Mon, 20 Oct 2014 05:00:00 +0630
Thanlyin refinery tender narrowed down to last four bidders http://www.mmtimes.com/index.php/business/12001-thanlyin-refinery-tender-narrowed-down-to-last-four-bidders.html http://www.mmtimes.com/index.php/business/12001-thanlyin-refinery-tender-narrowed-down-to-last-four-bidders.html Only four companies have responded to an invitation to tender to build a refinery at Thanlyin in Yangon Region, despite about 20 foreign and international firms purchasing bidding documents.

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kyawzaya387@gmail.com (Aung Shin) Business Mon, 20 Oct 2014 05:00:00 +0630