Business The Myanmar Times has the latest news from across Myanmar. http://www.mmtimes.com/index.php/business.html Fri, 24 Oct 2014 21:52:49 +0630 en-gb Rice brokers stop buying as unsold stockpiles rise http://www.mmtimes.com/index.php/business/12044-rice-brokers-stop-buying-as-unsold-stockpiles-rise.html http://www.mmtimes.com/index.php/business/12044-rice-brokers-stop-buying-as-unsold-stockpiles-rise.html A dramatic fall in the volume of rice exports has dragged prices downwards and threatens to drive small farmers off the land, farmers’ advocates have warned.

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kyawzaya387@gmail.com (Zaw Htike) Business Thu, 23 Oct 2014 16:44:49 +0630
Regulatory sun shining on large solar project http://www.mmtimes.com/index.php/business/12035-regulatory-sun-shining-on-large-solar-project.html http://www.mmtimes.com/index.php/business/12035-regulatory-sun-shining-on-large-solar-project.html The government has greenlit a Thai firm's plan to spend US $350 million building a 220 megawatt solar power generating station.

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kyawzaya387@gmail.com (Pyae Thet Phyo) Business Wed, 22 Oct 2014 09:03:08 +0630
State energy firms to professionalise, minister pledges http://www.mmtimes.com/index.php/business/12034-state-energy-firms-to-professionalise-minister-pledges.html http://www.mmtimes.com/index.php/business/12034-state-energy-firms-to-professionalise-minister-pledges.html The Ministry of Energy is planning to pursue more joint ventures with foreign companies, as senior government officials have urged state-owned enterprises to professionalise or risk being reformed.

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kyawzaya387@gmail.com (By Htoo Thant) Business Wed, 22 Oct 2014 08:48:04 +0630
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