The Myanmar Times
Wednesday, 01 July 2015
The Myanmar Times
The Myanmar Times

Forex dealers make a comeback

The foreign exchange black market has returned.

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Strong bean year on India, China demand

Domestic beans and pulses exports ought to pick up due to rising demand stemming from India and China, according to government ministers.

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KFC comes to town with first US fast food

The doors opened to the first KFC Myanmar outlet in Yangon yesterday – and the chicken is indeed from Myanmar.

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UOB plans to facilitate $300 million in investment in 12 months

Singapore-based  UOB plans to facilitate US$300 million in investment in Myanmar over the next 12 months, according to Ian Wong, UOB Group head of strategy and international management.

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Carlsberg head taps into local market

Carlsberg aims to make a splash in the Myanmar beer market with its new US$50 million brewery in Bago Region commissioned in March and launched in early May.

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Thai companies plan offshore LNG facility in Myanmar

Thailand's state-owned PTT is going to invest in a liquefied natural gas (LNG) terminal project in Myanmar, according to a Reuters report.

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Importers complain of car parts gone missing at Yangon ports

Sticky fingers are lifting spare parts from imported vehicles at the ports, according to vehicle traders.

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Ministry of Energy stays mum on 2016 bidding

Further bidding rounds for offshore oil and gas blocks are likely to come in 2016, though government officials and Myanma Oil and Gas Enterprise have so far declined to confirm or deny plans.

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Foreigners flock to jade emporium

Hundreds of merchants from China to Malaysia flocked to Nay Pyi Taw on June 26 to inspect jade and other precious stones at an annual auction that offered a glimpse into the country’s notoriously murky but lucrative gems industry.

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Professor urges look at history to guide economic future

Myanmar can look to its past for inspiration as it grapples with finding a suitable model for economic development in the future, according to economist Sean Turnell.

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