Saturday, July 30, 2016
The Myanmar Times
The Myanmar Times

Hitachi to move Myanmar ports from paper to pixels by 2017

Hitachi Solutions is planning to have an electronic data interchange (EDI) system for Myanmar’s ports up and running by early 2017, Kaichiro Sakuma, the firm’s chief executive officer, said yesterday.

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Farmers use illegally imported fertiliser and insecticide

Farmers are defying customs laws by using smuggled fertiliser and insecticide to save money, dealers say. The biggest users are those with the most acreage to cover.

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International EOI called for fourth teleco operator

The government has asked international companies to submit expressions of interest to form a joint venture with a local consortium and receive the country’s fourth operator licence.

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Myanmar calls EOI for fourth telecoms operator

The government has asked international telecoms operators to submit expressions of interest ahead of a tender for the country’s fourth operator licence, to be awarded in 2016.

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New foreign bank licences to be granted in 2016

The Central Bank of Myanmar plans to initiate a second round of foreign bank licencing in early 2016, the monetary authority announced yesterday.

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Ministry to target paddy smugglers

Traders smuggling rice and paddy out of the country to China will be identified and punished, the minister for commerce said.

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Sales at gems and jade emporium fall by one-third

Sales at this year’s gems and jade emporium were more than one-third down on last year, organisers say. They attribute the shortfall – amounting to K40 billion (US$30.86 million) – to the absence of Chinese buyers and the poor quality of the stones.

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PTTEP sells interest in another Myanmar onshore block

A subsidiary of Thailand’s state owned PTT Exploration and Production (PTTEP) has sold a 10 percent holding in another Myanmar onshore block, as international oil prices touch as near-seven-year low, the company said yesterday.

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Companies prepare for Yangon Stock Exchange listings next year

Preparations are underway for the first companies to attempt a listing on the Yangon Stock Exchange early next year, though progress is slower than expected, as only the name of one securities company has so far been announced.

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End to bartering kills India-Myanmar trade

Border trade between Myanmar and India has come to an abrupt halt after authorities called an end to a popular barter system, according to a local association.

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