The Myanmar Times
Tuesday, 01 September 2015
The Myanmar Times
The Myanmar Times

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.

Continue reading »

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.

Continue reading »

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.

Continue reading »

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.

Continue reading »

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.

Continue reading »

IFC signs second convertible loan with local bank

The World Bank’s International Finance Corporation (IFC) will issue a US$7 million convertible loan to Myanmar Oriental Bank (MOB), to help finance small and medium enterprises (SMEs).

Continue reading »

Beans prices soar on Indian demand and lower supply

Myanmar beans are more expensive than they have ever been and prices are likely to keep rising, say exporters.

Continue reading »

More exploration planned around Zawtika as PTTEP to add more production

PTTEP International, a division of Thailand’s state-owned PTT Exploration and Production, has planned more surveying for the Zawtika area.

Continue reading »

Red tape cut allows exporters to skip on taxes

The Ministry of Commerce has cut red tape on exports, but some unscrupulous exporters are taking advantage of eased restrictions to avoid taxes, officials say.

Continue reading »

Central Bank dismisses rumours of bank run

Rumours of a run on several major banks are untrue, said the Central Bank of Myanmar in a television statement late on August 17.

Continue reading »