Tuesday, February 09, 2016
The Myanmar Times
The Myanmar Times

Rice exports planned to the Philippines

Myanmar is in discussions to export rice to the Philippines, as it looks to diversify away from the Chinese market, according to U Ye Min Aung, secretary of the Myanmar Rice Federation (MRF).

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Locally produced vehicles mainly built to be traded in: MPs

The global automobile titans that are increasingly setting up Yangon showrooms are said to be quietly confident – Myanmar’s car industry is threatening no one, except possibly the people who drive the cars it produces.

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Credit rating sought but no international bonds just yet

Global banks Citigroup and Standard Chartered will advise Myanmar’s government on its first international credit rating, but an international bond remains a long way off, said a senior official at the Central Bank of Myanmar.

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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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