The Myanmar Times
Tuesday, 22 July 2014
The Myanmar Times
The Myanmar Times

Grocery stores on the move upscale

Myanmar burgeoning middle class is driving changes in the way people shop and the products they want, writes Su Phyo Win.

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APR takes up the elephant dance

US firm APR Energy signed an agreement with the Myanmar government in 2013 to implement a power project. Senior business reporter Aung Shin takes a closer look at the deal.


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Stock market to arrive on time, like a Tokyo bus

The Yangon stock exchange will benefit from extensive Japanese support to meet a targeted October 2015 launch, said Daiwa Securities director Shinsuke Goto.

 

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Foreign banks may set up shop this year

Officials aim for foreign banks to be introduced as early as this year, though questions still surround the process that could see up to 10 international banks licensed in Myanmar.

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Interest high in jet fuel tender

Nearly two dozen private companies submitted expressions of interest letters to join a state-owned firm in a joint venture distributing jet fuel, though authorities plan to restrict the tender to international firms only.

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Giant cooking gas price surge shutters stores

The price of liquefied petroleum gas (LPG) nearly quadrupled this month to what some are calling the highest prices ever recorded in Myanmar.

 

 

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Higher electricity rates to reduce govt subsidies

Government officials have not yet pinned down how much extra revenue has been generated by increasing electricity prices in April.

 

 

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The Fine Print, Legal & tax insight: Cell towers face legal hurdles

The race against time for the implementation of telecommunications network infrastructure rollout has intensified since the formal award of licences to Telenor and Ooredoo earlier this year. Accordingly, the Union government has picked up its pace and reinforced its support in reforming the current mass of procedures faced by tower companies.

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Growth prediction raised by IMF on gas, investment

Rising gas production and investment will lead to a higher-than-expected 8.5 percent economic growth rate for the 2014-15 year, according to the International Monetary Fund (IMF).

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Maritime spat to aid rice exporters

Rice traders see an opportunity in China as tensions ratchet up between China and Vietnam over the South China Sea

 

 

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