The Myanmar Times
Monday, 22 December 2014
The Myanmar Times
The Myanmar Times

A quiet ride turns tumultuous for forex

It’s not only the Myanmar kyat that is affected by a strengthening US dollar, and officials say they are monitoring the currency changes

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YTP talks telecoms deal with Vietnam

The fourth mobile operator anticipated to enter Myanmar is close to finalising partnership talks with Vietnam’s military-run Viettel, according to a report from Reuters news agency.

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Malaysian bio-fertiliser factories discussed

A malaysian bio-tech company is exploring plans to produce bio-fertiliser in Myanmar, after meeting with officials from the Ministry of Agriculture and Irrigation last week.

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Mitsui buys into Thaketa plant with MAXpower deal

Mitsui, the largest Japanese investor in Myanmar, has purchased 44 percent of Myanmar Power Pte Limited from Singapore-registered MAXpower Group for an undisclosed sum.

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Yoma Strategic receives a large infrastructure loan from ADB

The Asian Development Bank will lend Singapore-listed, Myanmar-focused Yoma Strategic Holdings US$100 million to develop infrastructure businesses inside the country.

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Rice exports to top 1.5 million tonnes

Rice exports are expected to total more than 1.5 million tonnes this financial year, the largest quantity since the 1960s.

 

 

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Mandalay ready for first vote

Business leaders in Mandalay have now selected their representatives – after a seven-month wait. Mandalay Regional Chamber of Commerce and Industry has been trying since May to name officers for next fiscal year, which begins on April 1, 2015.

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Surge in new local investors applying for investment permits, says U Aung Naing Oo

The vast majority of local investors applying for Myanmar Investment Commission (MIC) permits since 2011 are newcomers, according to MIC secretary U Aung Naing Oo.

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Indonesia aims to grow business and trade ties

Indonesia pledged to strengthen business ties with Myanmar during an event celebrating the 65th anniversary of diplomatic relations between the two countries last week.

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Mobile banking race heats up with myKyat

Fronties Technology Partners is testing its mobile banking system ahead of an anticipated launch early next year, as the industry looks set to get increasingly crowded.

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