Business The Myanmar Times has the latest news from across Myanmar. Sat, 23 May 2015 18:17:00 +0630 en-gb KBZ with first domestic credit cards in a decade KBZ is set to issue the first true credit cards in over a decade, as the bank claims the Central Bank of Myanmar has given its permission to begin the service, according to a press release yesterday.

]]> (Aye Thidar Kyaw) Business Fri, 22 May 2015 04:00:00 +0630
Right-hand-left-hand spat sets back draft Automobile Policy A right royal hoo-ha has been raised by proposals that only left-hand drive cars should be imported in future.

]]> (Aye Nyein Win) Business Fri, 22 May 2015 04:00:00 +0630
IGE’s power project to face further delays A hydropower station first conceived in 2003 will require a further four years of work, costing an estimated K230 billion more, parliament heard on May 18. Deputy Minister for Electrical Power U Aung Than Oo told Amyotha Hluttaw that the Thahtay hydropower project on Thahtay Creek, 20 kilometres (12 miles) northeast of Thandwe in Rakhine State, would need another K60 billion for the current financial year alone.

]]> (The Myanmar Times) Business Fri, 22 May 2015 04:00:00 +0630
‘Romantic North’ reserves vital to domestic energy supply Oil consumption in Myanmar is likely to double by 2025, meaning that new discoveries are essential to meet energy demand for the future without relying too heavily on imports. But some fear the dream of finding large proven reserves may not be realised.

]]> (Clare Hammond) Business Thu, 21 May 2015 04:00:00 +0630
MOGE invites supply-base bids Myanma Oil and Gas Enterprise (MOGE) has requested local and international private companies to discuss the establishment of an offshore supply base joint venture, according to officials.

]]> (Aung Shin) Business Thu, 21 May 2015 04:00:00 +0630
Korean company invests in bus line A South Korean company is to link up with local businesses to start up a bus line in downtown Mandalay. U Aung Ye Htut, director of Myanmar Gaon, said the Korean Namsong company would provide the service.

]]> (Than Naing Soe) Business Thu, 21 May 2015 04:00:00 +0630
Tough to balance rights and check for corporate fraud A balance must be struck between investigating business proposals thoroughly for fraudulent intentions and also respecting citizen’s constitutionally stated privacy rights, according to deputy minister for national planning and economic development Daw Thein Thein Htay.

]]> (Pyae Thet Phyo) Business Thu, 21 May 2015 04:00:00 +0630
Building Indian pharma links Dr Zaw Moe Khine specialises in importing medicine. Myanmar does not produce most varieties it needs, and so Dr Zaw Moe Khine looks abroad to places like India for sources.

]]> (Shwe Yee Saw Myint) Business Thu, 21 May 2015 04:00:00 +0630
MPPE still plans filling station venture, but no date announced yet Petroleum Products Enterprise (MPPE) is to enter the petroleum distribution market, though uncertainty still surrounds the timing, officials indicated yesterday.

]]> (Aung Shin) Business Thu, 21 May 2015 04:00:00 +0630
Clampdown catches Mon betel traders Betel nut wholesalers in Mon State’s Ye township said a number of government departments are checking their bonafides with a crackdown on illegal imports from Thailand.

]]> (Naw Say Phaw Waa) Business Wed, 20 May 2015 04:00:00 +0630