The Myanmar Times
Sunday, 02 August 2015
The Myanmar Times
The Myanmar Times

Pearl emporium generates over 3 million euros

The three-day pearl emporium held in Nay Pyi Taw’s Mani Yadana Jade Hall from July 22 to 24 raised more than 3 million euros (US$3.3 million) by open tender, making it the most successful in years, organisers said.

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Foreign banks call for market access

Greater competition from international banks would encourage local lenders to move away from a small pool of high-net-worth clients to start offering products and services to those who need it most, said panellists at the Myanmar Banking and Finance Conference in Yangon yesterday.

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Mizuho and Maybank to receive licences

Mizuho Bank from Japan and Malaysia’s Malayan Banking Berhad (Maybank) have been awarded their final licence by the Central Bank of Myanmar, allowing them to commence operations on August 3, according to a Central Bank statement late yesterday.

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Auto group to invest in new bus system

The Myanmar Automobile Manufacturers and Distributors Association (MAMDA) plans to invest into a new bus system that promises to transform travel for Yangon’s commuters.

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MAPCO to take a year for listing

Myanmar Agribusiness Public Corporation will not immediately float on the Yangon Stock Exchange when it launches, which is slated for later this year, according to company director U Ye Min Aung.

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FMI narrows in on stock market listing

Yangon took on a bit of the flair of the American city of Omaha over the weekend.

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Competition coming for Vietnam flights

Vietnamese airline VietJet will begin direct flights between Yangon and Ho Chi Minh city on October 2, according to a press release.

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Myanmar Brewery stake worth K500 billion

A majority stake in Myanmar Brewery has been valued at K500 billion as part of a long-running dispute over its ownership, though what that translates into in dollar terms remains a matter of dispute.

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Interbank market needs clear regulation to take off

The interbank market for foreign exchange has been slow to take off, as banks are still waiting for the Central Bank of Myanmar to publish precise rules and regulations, sources said.

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Restaurants and food stalls feel the pinch from inflation

Ma Than Than Oo has given up trying to figure out commodity prices – all she knows is they keep on increasing. This has left her in a bind.

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