The Myanmar Times
Monday, 04 May 2015
The Myanmar Times
The Myanmar Times

Chief minister says Kayin State ready to move ahead

Kayin State’s economy is ready to take off after decades of instability and isolation, with hopes resting on development of infrastructure leading to closer integration with Thailand and the Mekong sub-region, according to the state’s chief minister.

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Traders yuan-der about China exchange

A YUAN-KYAT trading centre has opened near the main overland China-Myanmar trade portal, though businesspeople say it may take some time to catch on.

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KBZ chosen as settlement bank for upcoming stock exchange

KBZ, the country’s largest private bank, has been chosen to run settlement and clearing operations for the forthcoming Yangon Stock Exchange, according to KBZ senior managing director U Than Cho.

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Rapid development of finance sector should be government priority: ADB

The government urgently needs to prepare a finance sector development strategy focusing on three main objectives – increasing financial sector efficiency, stability and inclusion, according to a recent working paper published by the Asian Development Bank.

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ConocoPhillips and Statoil sign deal for deepwater block

Norway's Statoil and US-based ConocoPhillips will invest more than US$300 million in the exploration and production of offshore oil and gas in Myanmar, according to an official from the Ministry of Energy (MOE).

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UOB receives nod to open Yangon branch

Singapore-based United Overseas Bank Group (UOB) has been granted a licence to begin operating in Myanmar from today, according to the Central Bank of Myanmar.

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Chili peppers for South Korea

The Ministry of Agriculture and Irrigation has announced a plan to export up to 500 tonnes of chili peppers to South Korea as a test.

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Yangon’s Vietnamese development lands Melia hotel

Spanish hotel chain Melia Hotels International signed a deal yesterday that will place a five-star Melia brand hotel at a prominent Vietnamese-owned development.

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Commodity trading takes to the internet

Trading in beans, pulses and paddy could move from warehouses to the web as soon as this month, as the Myanmar International Commodity Exchange (MICEx) prepares to launch its online platform.

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Yetagun review by October

A review into declining natural gas production from the Yetagun field ought to be complete by October, according to an official from Myanma Oil and Gas Enterprise.

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