Friday, August 18, 2017

Japan’s ENEOS motor oil and lubricant gains market share

Since debuting in Myanmar last year, demand for Japan’s ENEOS brand of motor is on the rise as the automotive market expands.

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Big Four firm hails Belt and Road as a “global game changer”

Foreign businesses are encouraged to join the game early to reap the long-term benefits

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Solving Myanmar’s power problem

ABB believes microgrids are the solution to Myanmar’s power shortage problems. A senior executive at the power grid company explains how it can be done.

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As demand rises, local coffee could emerge as key national export

Coffee could be the next big export product for Myanmar. But the industry needs support and protection from the government to produce the crop and before local growers start competing in the international market, Myanmar Coffee Association chair U Ye Myint, told The Myanmar Times.

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U Set Aung appointed deputy minister of Planning and Finance

Incumbent Central Bank Deputy Governor U Set Aung on Monday was appointed as deputy minister of the Ministry of Planning and Finance, the Office of the President announced.

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Forthcoming ASEAN-HK FTA to connect Myanmar with Belt and Road finances

Hong Kong’s new chief executive will fly to ASEAN tomorrow, in her first official overseas visit as leader.

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Timber industry faces challenges in the voluntary partnership agreement process in forest governance

The lack of transparency and accountability together with the issues of corruption, an overwhelming wood demand and land rights are still posing challenges for the timber industry’s Voluntary Partnership Agreement in forest governance, said U Kyaw Zwar, director of the Forest Department. He made the remarks during a workshop on July 25.

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Can the central bank’s new guard save businesses in Myanmar?

The Central Bank of Myanmar will soon welcome three new deputy governors and five board members to its rank after the incumbents complete their tenures.

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Government needs K300 billion for electricity supply

The Government needs an estimated K300 billion to supply electricity throughout the country for financial year 2017-2018, U Myint Oo, deputy director general of the Electricity and Energy Ministry’s Department of Electric Power told The Myanmar Times.

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Ford to locally distribute new, cheaper cars with Yangon license plates

Ford’s new assembly plant in Yangon, officially launched on July 21, will enable the US car maker to sell two new models at lower prices. As they will be assembled and distributed locally, customers will be able to obtain Yangon license plates for the cars.

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