The Myanmar Times
Friday, 31 July 2015
The Myanmar Times
The Myanmar Times

Mogok residents to receive ruby mining licences

Long-term residents of Myanmar’s ruby mining centre will be offered licences to mine for the precious stones, according to the Mandalay Region minister for forestry and mining, U Than Soe Myint.

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Rice traders hope slowdown of Chinese buyers is temporary

The Chinese rice buyers have stopped coming, according to local traders.

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Thanlwin dam still in the planning stages

Planned hydropower projects on the Thanlwin river are still in the early stages, according to Ministry of Electric Power officials, disputing claims in Thai media that a memorandum of understanding for one project will be signed later this year.

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Hluttaw committee urges combined forex rates

The Pyidaungsu Hluttaw Joint Public Accounts Committee has added its voice to those supporting the Central Bank of Myanmar’s recent moves to converge its official kyat-US dollar exchange rate with the market rate.

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Street-side petrol sellers cling on as station numbers increase

Street-side petrol sellers were a common sight before 2010, when there were relatively few official petrol stations, all run by a government monopoly.

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A difference remains even as Central Bank changes course

A difference persists between the official and unofficial exchange rates even as the Central Bank of Myanmar changed course this week and allowed its reference rate to be set by the market.

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Stock market delayed due to election

The launch of the Yangon Stock Exchange has been pushed back until after the November 8 election, according to deputy finance minister Dr Maung Maung Thein.

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Vehicle importers quiet on missing parts, says deputy minister

A conspiracy of silence seems to surround the issue of parts allegedly stolen from imported vehicles at Yangon ports, parliament heard on July 13.

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South Korea’s Busan Bank to open office

South Korea’s Busan Bank has registered with the Directorate of Investment and Company Administration (DICA) to open a representative office in Myanmar, through DICA’s one-stop-shop service, according to the regulator’s website.

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MIC pledges more ministry cooperation after projects stopped

The Myanmar Investment Commission will strengthen inter-department collaboration in an effort to avoid situations like that which led to the cancelled projects near Shwedagon Pagoda, according to the commission’s secretary U Aung Naing Oo.

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