The Myanmar Times
Friday, 22 May 2015
The Myanmar Times
The Myanmar Times

ADB signs agreement to assist private projects

The Asian Development Bank has signed an agreement with the government that will allow the bank to provide loans, investment, guarantees and trade finance directly to private firms and projects.

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First rail station to be redeveloped this year

The tender for the redevelopment of Pazundaung railway station in Yangon will close this coming July, according to general manager U Htun Aung Thin from Myanma Railways, of the Ministry of Rail Transportation.

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Obama renews authority to maintain sanctions

US President Barack Obama has renewed his authority to maintain sanctions on Myanmar for another year, as international alarm increases over the Rohingya-Bengali migrant crisis, according to US media.

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Ngapali may be more beautiful than Phuket, according to a delegation

Ngapali beach “is more beautiful than Phuket”, says a Thai delegation making its first visit to the Rakhine State resort that industry observers say is the latest sign of growing foreign investment interest.

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Retailers push for beer and liquor imports

Frequent customer requests for foreign beer and liquor are leading members of the Myanmar Retailers Association to push for government permission to begin legal imports.

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Rubber price spike starts to erase losses

Rubber prices jumped last week in keeping with world prices and an improved exchange rate, but it is not enough to dig domestic producers out from mounting losses.

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Slow liftoff for helicopter association as market grows

The Myanmar Helicopter Association was launched last week at the Heliops Myanmar Conference and Exhibition in Yangon, with a view to developing helicopter operations across the country.

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Public transit slowed by gas pipe fire

Yangon 's public transport network has been affected by a disruption in its fuel supply, as an onshore natural gas pipeline has sprung a leak.

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Private insurance slowly catching on, says deputy finance minister

Private insurance entered the market three years ago and has slowly been generating more business, according to deputy finance minister Dr Maung Maung Thein.

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Motorcycle repair shops dodge Yangon ban

Veterans of other Southeast Asian cities quickly notice the differences when visiting Yangon. The treed streets and heritage buildings mark the city as unique, and Shwedagon Pagoda, the city’s landmark, is a ready symbol of Yangon.

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