Tuesday, February 09, 2016
The Myanmar Times
The Myanmar Times

Capital Hypermarket to accept Visa cards

Visa has signed with Capital Hypermarket to roll out card payments through domestic CB Bank in the local supermarket’s outlets, according to a February 8 announcement.

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Export earnings down by $1b this fiscal year

Export earnings in dollar terms have fallen this fiscal year by US$1 billion over the same period last year according to ministry figures.

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Rice farmers need government support: federation

Polices set by the new government will determine the success of Myanmar’s rice industry, which is in dire need of funding, according to the Myanmar Rice Federation.

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Ooredoo raises $300 million from IFC, ADB

Ooredoo Myanmar has raised US$300 million through a loan from the Asian Development Bank and International Finance Corporation, to fund the rollout of its network.

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Thai cement giant tackles Mon coal fears

Siam Cement Group has invited a number of monks to visit its plant in Thailand, as part of the company’s efforts to ease local concerns about a coal-burning plant that will power its new cement factory in Kyaikmaraw, Mon State.

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Coal power central to gov’t energy plans

Myanmar's energy sector will require investment of between US$30 billion and $40 billion over the next 15 to 20 years, and should focus on coal power, according to the government’s Energy Master Plan, published last month.

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MTSH confident about mid-March listing

Myanmar Thilawa SEZ Public, or MTSH, is confident it will be one of the first companies to list on the Yangon Stock Exchange and targets a listing date of mid-March, according to chair U Win Aung.

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Kyat appreciates as imports slow ahead of Chinese New Year

As trade and other businesses wind down in the run-up to the Chinese New Year festival, and sentiment about the political transition improves, the kyat has strengthened in value to a three-month high against the US dollar.

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Mandalay association to build fuel tanks

A new public company formed by members of a Mandalay petroleum association intends to build 34 fuel tanks on the bank of the Ayeyarwady River, to refuel passing ships.

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MIC approves 31 investments in January

The Myanmar Investment Commission approved 31 new local and foreign projects in January, mostly in the real estate and garments sectors, according to figures published by the Directorate of Investment and Company Administration.

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