The Myanmar Times
Friday, 03 July 2015
The Myanmar Times
The Myanmar Times

OPIC approves large loan to Apollo Towers

The US government’s development finance institution, Overseas Private Investment Corporation (OPIC), has approved up to US$250 million in financing for Apollo Towers Myanmar.

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Myantrade promotion agency to start

A ONE-STOP trade promotion authority called Myanmar Trade, or Myantrade, is slated to open in the current fiscal year, according to Ministry of Commerce adviser U Maung Aung.

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Central Bank steps in to stop the forex slide

The dollar has been strengthening in value for much of the year against the kyat, though this accelerated rapidly in June – until the afternoon of June 11, following intervention from the authorities.

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Govt earns US$170 million monthly from gas exports

Natural gas exports earn Myanmar US$170 million each month, with a total of 1.6 billion cubic feet per day of natural gas exported to Thailand and China, according to the Ministry of Energy (MoE).

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Taking stock of responsible mining

Responsible mining was under the microscope as government, private sector and civil society groups met on June 12 in Nay Pyi Taw to discuss striking a balance between economic development and environmental protection.

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Trucking company plans for the long haul

On June 10, executives from CEA Project Logistics ventured to the outskirts of Yangon to kick the tires on – well, not literally – two massive trucks gleaming in the monsoon sun.

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Insiders to meet to discuss action on the kyat

The Central Bank of Myanmar has called a meeting for today with public and private sector experts to discuss taming exchange rate volatility, according to several sources.

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Yum! Brands and Jardines bring Pizza Hut to Myanmar

Fast-food lovers can rejoice again, as Yum! Brands Inc leads the charge against Myanmar’s long-standing resistance to American food and beverage franchises.

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MoE to strengthen Thailand ties

The Ministry of Energy will sign a memorandum of understanding with its Thai counterpart to strengthen energy cooperation, officials said at a Nay Pyi Taw press conference yesterday.

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Trade-in scheme runs into problems

Angry drivers are blaming paperwork confusion for a snarl-up in their efforts to trade in their old vehicles for permission to import new ones. Some have been told they will have to wait two years or more to offload vehicles they thought they would soon see the back of.

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