The Myanmar Times
Sunday, 02 August 2015
The Myanmar Times
The Myanmar Times

Singapore’s Surbana Jurong JV builds local capacity

Singapore's Surbana International Consultants will have a greater capacity to bid for large scale projects in Myanmar, following its recent merger with Jurong International Holdings, according to Gareth Wong, general manager of Surbana in Myanmar.

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Petrol retailers face twin fears

Retail sellers of petrol say the market is being hit by a sliding exchange rate just as competition is set to intensify.

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Exports to remain low despite weakening local currency

Export volumes will remain low throughout this fiscal year and for the coming few years, according to a Ministry of Commerce official.

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Central Bank’s kyat rate jumps

The official Central Bank of Myanmar currency reference rate jumped to the meet the market rate yesterday for the first time in months, appeasing fears that a dual rate system could destabilise the economy.

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UK gold mining firm predicts delay in securing permits

London-listed gold and mineral exploration company Aurasian Minerals expects delays in the approval of three exploration permits in Myanmar, according to a shareholder statement.

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Yoma bucks the trend with big projects

Local developers have long specialised in the sorts of projects they tackle. Some focus on downtown towers or retail space; others are prolific builders of residential apartments.

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Private marine insurance as soon as this month: deputy minister

Private marine cargo insurance will be allowed to begin operating as soon as this month, according to deputy finance minister Dr Maung Maung Thein.

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Meeting the world’s 8 billionth challenge

Shell discusses the place of natural gas and oil in the future energy mix

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Coming soon: new look for oldest cinema

The Myanmar Motion Picture Association (MMPA) is planning to renovate Waziya Cinema, a heritage building dating to 1950.

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Beer competition brews as Heineken launches

Brewery faces a growing number of competitors putting suds on the shelf – including one of its own brands – in the race to wrest market share from Myanmar Brewery.

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