The Myanmar Times
Saturday, 20 December 2014
The Myanmar Times
The Myanmar Times

The slow struggle to economic integration

The 10-member ASEAN bloc is still in its early stages, and bears some resemblance to the United States – in 1776 – according to David Carden, partner in charge of Asia at legal firm Jones Day and former US ambassador to ASEAN.

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U Thein Sein to grow ties

President U Thein Sein looked to strengthen business ties with regional economic heavyweights at the 25th ASEAN Summit, including pushing for international support for its ambitious Dawei special economic zone plan.

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Unseasonably late rain destroys paddy, beans

Farmers are being flooded out by heavy rainfall in early November, which in some areas has destroyed up to 30 percent of the rice and bean harvest.

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Korean loan comes for power lines

The Ministry of Electric Power has signed an agreement with Korea’s Export Import Bank for a US$100 million loan to fund a 500-kilovolt transmission line.

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U Myint to lead overhaul of statistical indicators

One  of Myanmar’s leading economists has been tasked with overhauling the government’s statistical system and restoring credibility to financial indicators that were regularly manipulated by previous government for political reasons.

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Garment industry could expand with planning

Garments could be the most promising sector for foreign investment over the next 10 years, particularly if an effective strategy is drawn up and executed, industry experts said.

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GE to extend investment in Myanmar

American giant General Electric has signed an agreement to extend its investment in Myanmar by upgrading gas turbines at state-owned Myanma Electric Power Enterprise (MEPE).

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U Thein Sein pushes economic ties, Dawei support

President U Thein Sein pressed for economic ties with regional leaders on the 25th ASEAN Summit sidelines, keying in commitments to support the Dawei special economic zone plan.

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Local entrepreneur beats out ASEAN competition

Blue Ocean Operating Management is the only Myanmar firm to win one of six ASEAN-wide business awards handed out on November 11 in Nay Pyi Taw.

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Room prices spike with summit

A surge of visitors expected to arrive in the nation’s capital for the coming ASEAN Summit has led some local hotels to double or triple the cost of their rooms.

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