The Myanmar Times
Thursday, 05 March 2015
The Myanmar Times
The Myanmar Times

Yetagun review as output falls

The future of one of the country’s four offshore gas projects will be reviewed this year as production rates have begun declining, according to officials.

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Central Bank slowing down foreign loans

Close scrutinising of debt financing draws business ire, though some say caution is necessary given the dangers of hot money and shady dealings

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Melon market bounces back

Seesawing melon prices are on the up again, thanks to a combination of falling production and rising demand in advance of the Chinese New Year.

 

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Muse rice traders hoping New Years brings better luck

Muse-based rice traders are hopeful that the Year of the Sheep will improve their fortunes. Rice exports to China have plummeted to almost nothing from peaks of 2000 tonnes a day following a series of raids conducted by Chinese customs on allegedly illegal rice importers on the Chinese side of the border.

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French giant to sign energy contract

French energy giant Total is to sign its production sharing contract with Myanma Oil and Gas Enterprise this week, according to officials.

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Timber tender launched

Myanmar Timber Enterprise has opened a tender for more than 3100 tonnes of hardwood logs, set for a February 20 to 23 sale, according to a statement.

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UK, Canada consider action on mine sale

The British government is examining allegations by Amnesty International that the British Virgin Islands was used to skirt international sanctions on the sale of a controversial copper mining project at Monywa.

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Rural growth relies on access to markets

Market access and poor infrastructure still confounds rural development, according to experts.

 

 

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Direct China shipping link starts

Direct shipping links with China opened last week with the arrival of the Chinese container ship Asiatic Wave bearing several tonnes of construction materials at the terminal of Myanma Industrial Port.

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No country for old phones

A formerly robust market has taken a nosedive, as interest in second-hand mobile handsets has dissipated.

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