The Myanmar Times
Monday, 31 August 2015
The Myanmar Times
The Myanmar Times

Will business linked to Thura U Shwe Mann escape unscathed?

Thura U Shwe Mann’s removal from power has shaken Myanmar’s business elites and captured the attention of foreign investors.

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Improved financial practices crucial for small business

Access to finance is frequently identified as the largest barrier for small and medium enterprises, but often they do not have their own fiscal house in order to receive this finance.

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Ministry of Energy claims data given for transparency report

The Ministry of Energy says it has submitted essential data for the first Extractive Industries Transparency Initiative report, though it may take some time to filter to the committee responsible for writing the report.

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Dawei LNG for Shell

International energy giant Royal Dutch Shell plans to develop a liquefied natural gas (LNG) terminal in Tanintharyi Region.

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Industry banks add to sector’s risk

With each new approval of an industry-focused bank, Myanmar’s banking sector becomes riskier.

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KBZ plans Singapore, Thailand representative offices

KBZ, the largest domestic private bank, plans to open representative offices in Thailand and Singapore by October, according to KBZ senior managing director U Than Cho.

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China demand boosts peanut oil prices

Local grocery buyers are complaining that peanut oil prices have doubled. They blame a number of causes, such as recent floods restricting supply, a tense political situation or increases in public servant salaries.

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Central Bank vows action against shift to dollar payments

The Central Bank of Myanmar will take action against companies that encourage dollarisation, according to a senior official with the bank’s Foreign Exchange Management Department.

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MP calls for forex forecasts

A member of parliament has called for state media to publish forex projections to give certainty to businesspeople, as the kyat continues to fall against the US dollar.

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Myanmar Brewery takes a Japanese twist

Japanese beverage maker Kirin Holdings has bought a majority stake in market-leading Myanmar Brewery Limited for US$560 million from Singapore-listed Fraser and Neave.

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