The Myanmar Times
Monday, 20 October 2014
The Myanmar Times
The Myanmar Times

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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ADB eyes boosting local agriculture

The Asian Development Bank is planning a big push to support Myanmar’s agricultural sector by investing in efforts like a US$75 million irrigation project, according to officials.

 

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Six firms still in hunt for ASEAN prize

Six Myanmar companies snagged national titles from the ASEAN Business Awards 2014, supported by local business association UMFCCI.

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Thanlyin refinery tender narrowed down to last four bidders

Only four companies have responded to an invitation to tender to build a refinery at Thanlyin in Yangon Region, despite about 20 foreign and international firms purchasing bidding documents.

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