The Myanmar Times
Tuesday, 29 July 2014
The Myanmar Times
The Myanmar Times

Big plane purchase by Air Mandalay

Air Mandalay has placed an order with Mitsubishi Aircraft Corporation for six MRJ90 aircraft, becoming the first Asian carrier outside to Japan to order the jet, which is being jointly developed with Toyota.

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Bringing banks to the poor

With many living beyond the reach of financial institutions, experts grapple with the challenges of promoting financial inclusion throughout the country. 

 

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China lobbies to legalise rice trade

Chinese officials are pushing Myanmar businesses to lobby the government to legalise the bilateral rice trade, say officials from the Rice Federation.

 

 

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Chinese demand props up price of rice

Territorial tensions in the South China Sea between China and Vietnam are inflating rice prices in Yangon, merchants said last week.

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The Fine Print, Legal & tax insight

This article is part two of a two-part series on how foreigners can invest and trade in Myanmar despite restrictions, brought to you by Yangon-based consultants Sebastian Pawlita and Phyu Phyu Mar.

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Jumpstarting forex trades

Myanmar's year-old interbank foreign exchange (forex) market is developing slowly, but officials say it should grow in the future.

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StanChart, regional heavyweights out of licence race

Standard Chartered’s decision to not move forward with the licensing process is “a missed opportunity for Myanmar”, according to experts.

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MPT, KDDI ink US$2 billion deal

Japanese mobile carrier KDDI said that it planned to link up with trading house Sumitomo in deal to invest about US$2 billion in developing wireless networks in Myanmar.

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List of foreign banks through to next round revealed

The Central Bank of Myanmar released the names of 25 foreign banks which have progressed to the next round in the bid to be licensed, according to a July 15 news release.

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Mandalay mayor mulls prohibited building’s fate

The Saittara Mahi development currently contravenes Mandalay's zoning requirements, and mayor U Aung Maung says he may force some changes at the construction site.

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