The Myanmar Times
Sunday, 26 April 2015
The Myanmar Times
The Myanmar Times

Apex to launch at end March

Myanmar's  newest carrier Apex Airlines will begin operations from the end of March, making it the 10th airline to enter the country’s increasingly crowded skies, officials said yesterday.

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Hong Kong touted as window to world trade

A Hong Kong business delegation visiting Myanmar touted the special administrative region as a gateway to commerce throughout the world.

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Microfinance stagnates due to tough rules

The  domestic microfinance industry is being held back by a number of constraints on funding, preventing more small-scale loans from being disbursed, according to industry insiders.

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First ship arrives for strategic petroleum reserve program

Myanmar has begun building a strategic petroleum reserve (SPR) program, hoping to take advantage of declining international crude prices to build up its own stock.

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Central Bank hopes to solve forex gap

A growing spread between the Central Bank of Myanmar’s reference rate for kyat-US dollar conversions and the market rate is unlikely to last long, according to a Central Bank official.

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Export boost from first strategy

Vice  President U Nyan Tun rang in the official launch of the first national export strategy for the country yesterday in Nay Pyi Taw, which experts hope may prove to be a boost to trade abroad.

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MIC gives nod to last foreign oil firms

The  last international oil companies that must still sign Production Sharing Contracts with Myanma Oil and Gas Enterprise have now received permission from Myanmar Investment Commission, a statement said yesterday.

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Garment code to boost buyers’ confidence

Garment industry manufacturers met with European Union company representatives on March 24 to talk over enacting an apparel industry Code of Conduct, a social compliance step that could placate international buyers.

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Ministry of Energy promises lower prices at the pumps

The Ministry of Energy has promised action to force lower petrol prices after consumer complaints that drops in international crude costs have not been reflected at Myanmar’s pumps.

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Unocal’s production deal marks the return of American energy

US energy giant Chevron inked a Production Sharing Contract with Myanma Oil and Gas Enterprise yesterday for offshore block A-5 in Rakhine basin, said a Ministry of Energy official.

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