The Myanmar Times
Sunday, 26 October 2014
The Myanmar Times
The Myanmar Times

Rice brokers stop buying as unsold stockpiles rise

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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Regulatory sun shining on large solar project

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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State energy firms to professionalise, minister pledges

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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Indian trade primed to grow

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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Onshore block signing delayed

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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KFC targets middle-class future

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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Reform in the works for state-owned banks

Prominent state–owned banks must rapidly reform or risk being removed, according to senior government officials.

 

 

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Paddy price plunge hits farms

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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Traders step toward a futures market for commodities

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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Tidied–up trains to draw ads

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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