The Myanmar Times
Saturday, 20 September 2014
The Myanmar Times
The Myanmar Times

MOU for Thilawa SEZ set for October

A second memorandum of understanding regarding cooperation in the development of the Thilawa Special Economic Zone is expected to be signed in mid-October.

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Yoma’s Landmark inks Japanese financing deal

Singapore-listed Yoma Strategic has signed a memorandum of understanding with Japan’s Mitsubishi Corporation and Mitsubishi Estate to invest in its Landmark property development in downtown Yangon.

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World Bank powers up Mon State with first loan in decades

The World Bank announced a US$140 million low-interest loan to fund a power plant in Mon State: its first domestic investment since a January deal allowing cleared arrears stemming from 1989.

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Fishy business: industry urges against Thai deal

Domestic fishing industry reps say they're opposed to renewing a contract to allow Thai firms to trawl in Myanmar’s waters in return for cash payments.

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Electricity plant work halts for purchase plan

Work on power plants slated to generate some 300 megawatts of electricity in the Yangon area has halted awaiting government approval of a standard power purchasing agreement (PPA) for the industry, according to U Zeya Thura Mon, CEO of power plant developers Myanmar Central Power Company.

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Japan nears Dawei participation call

Japan aims to make a decision on the level of its involvement in the Dawei Special Economic Zone project by November, Myanmar officials said.

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Myotha park share sale to end

Mandalay Myotha Industrial Development (MMID) Public Company will halt its share issue in October after raising K126 billion (US$129 million) from 1167 separate investors.

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Micro lenders eye growth paths

World Vision is attempting to become the first NGO to obtain a commercial licence for its Microfinance Institution (MFI) arm in Myanmar.

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The Fine Print Legal & tax insight

Our resident legal experts take a closer look at the laws governing foreign investment and corporate leases on land in Myanmar.

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Mazda makes its Myanmar move

Japanese carmaker Mazda inked a deal with domestic firms Automobile Alliance (AA) and Cycle and Carriage Automobile Myanmar (CCAM) to import its new vehicles to the Myanmar market, though rivals claimed domestic interest in the brand falls below its competitors.

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