The Myanmar Times
Thursday, 23 October 2014
The Myanmar Times
The Myanmar Times

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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Shops find out where K1800 will take you

Popularity of K1800 Omoto stores rest on their fixed prices, as well as a way for land owners to monetise under–used retail shop space

 

 

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Plunging paddy prices leave farmers reeling

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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Two more weeks until Telenor switches on Yangon

Yangon’s mobile users will have to wait another 10 to 15 days to sign up with Telenor, as the firm needs more time to prepare its coverage in the city.

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Pulse of the future: pilot trading program begins

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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Loan interest rates could float by 2015

The Central Bank of Myanmar plans to allow freely floating interest rates shortly, though initially for US dollar loans only, according to its deputy governor U Set Aung.

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Civil society group calls for freeze on Dawei economic zone

Stop work at the Dawei Special Economic Zone now – unless proper safeguards are put in place, local activist groups are urging. They issued a list of demands to coincide with the visit to Myanmar of the Thai prime minister.

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More oil companies reveal ownership

Eight local oil and gas companies have revealed their ultimate beneficial owners as part of NGO Global Witness’ drive to promote transparency in the notoriously secretive sector.

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Competing visions for jade market’s future

Traders have set up a committee to upgrade the Mahar Aung Myae jade centre in Mandalay, though an alternate site is also being built outside of the city.

 

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