The Myanmar Times
Thursday, 02 October 2014
The Myanmar Times
The Myanmar Times

Biggest slice yet for onshore local partners

The two latest production sharing contracts for onshore oil and gas includes the biggest share yet for the local partner.

Continue reading »

Nestlé looks to commit to Myanmar market

Swiss food giant Nestlé SA has confirmed that it is preparing to invest around US$50 million in Myanmar’s food and beverage industry over the next six years, in the latest sign yet of the Myanmar consumer market’s attractiveness to international firms.

Continue reading »

Government hopes to start insurance scheme next January

A ground-breaking scheme is being launched that will enable Myanmar citizens to take out insurance covering health, insurance and the effects of bad weather in the next few months. says U Maung Maung Thein, deputy minister for Finance and Revenue.

Continue reading »

Sweetening the deal: Big Sugar appeals to investors

Myanmar Sugar Development Public Company is planning another share sale to invest in Thilawa SEZ and also finance a sugar processing factory.

 

Continue reading »

Traders dump the state banks

Local businesspeople are shifting away from state-owned banks for international transfers because private banks are offering more convenient alternatives.

Continue reading »

Low tariff no guarantee in Kyaukphyu tender

A Hong Kong company has bid the lowest price in a tender to win the rights to build a gas-fired generating station, but that does not guarantee it will win, say officials.

Continue reading »

Bottom 10 in global competitiveness: WEF

Myanmar finished near the bottom of this year’s World Economic Forum global competitiveness report at 134th, ten spots from last place, though noted there is lots of economic potential.

Continue reading »

Liquor licence hangover as Yangon fee rise becomes law

Liquor businesspeople may be reaching for the bottle for consolation after Yangon Region’s decision to raise the annual licence fees that shops and manufacturers must pay to operate.

Continue reading »

Are the doors for foreign firms open too wide?

The Myanmar Investment Commission’s move to open up all but 10 business activities to foreign investment has drawn opposition from some local businesspeople, who say it is a step too far.

Continue reading »

No change to car values, dealers plead

Frequent changes to the list of values used to assess automobile import taxes should come to an end, says head of Myanmar Automobile Manufacturers and Distributors Association.

Continue reading »