The Myanmar Times
Saturday, 25 October 2014
The Myanmar Times
The Myanmar Times

GDP growth above 8pc, says World Bank and IMF

The domestic economy is growing faster than expected, as the World Bank and International Monetary Fund (IMF) both pegged the past year’s GDP growth above 8 percent.

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Tower firm secures international non-recourse loan

Telecoms tower company Pan Asia Majestic Eagle has completed what it claims is the first cross-border, non-recourse financing arrangement in Myanmar.

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Foreign banking winners revealed

Japan was the big winner in the foreign banking licence contest, securing three of the nine licences awarded on October 1.


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Maybank looks to the future

The Myanmar Times speaks with Maybank's Pollie Sim after it was announced the Malay outfit won one of the coveted foreign banking licences.

 

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Bookshops face a tough sell as reading habits change

English books and educational material are bright spots in an otherwise gloomy market, writes Myat Noe Oo.

 

 

 

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Too many banks in town?

The approval of a licence for Shwe Rural and Urban Development Bank brings the total number of commercial banks to 23 – yet demand for banking service is still not being met.

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Securities regulator to be under ministry

The Securities and Exchange Commission (SEC) will operate under the Ministry of Finance at first, not receiving independence for up to five years, say insiders.

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China rice hits hurdle as talks continue

The seizure last month by Chinese authorities of Myanmar rice across the border from Muse has devastated the rice export market, industry experts say.

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EU business chamber choice questioned

Candidate group points to a lack of transparency after its costless bid isn’t selected – a claim rejected by the European ambassador to Myanmar.

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Telegraphs to give motorbike importers a technological leg up

Traders are now able to use telegraphs to speed up motorbike imports, according to U Myint Thein, deputy minister of Rail Transportation.

 

 

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