The Myanmar Times
Saturday, 05 September 2015
The Myanmar Times
The Myanmar Times

Myanmar National Airlines takes wing again in foreign skies

State-owned carrier Myanmar National Airlines (MNA), formerly Myanma Airways, flew across the country’s borders for the first time in more than two decades yesterday.

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Suspended Air Bagan to resume in October

Air Bagan has suspended flights, with an eye to returning to the skies later this year, according to a company spokesperson.

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Move to USD draws opposition

The Myanmar locations of The Pizza Company and Swensen’s have begun using US dollars to display prices, though change will come in Myanmar kyat.

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Revealed: NLD’s economic policies

The National League for Democracy (NLD)’s economic strategy will focus on five ‘pillars’ according to a document seen by The Myanmar Times - fiscal prudence, lean and efficient government, revitalising agriculture, monetary and fiscal stability, and functioning infrastructure.

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Yangon Stock Exchange listing criteria lacking protection for investors

The listing criteria for Myanmar’s first stock exchange have been published, but important rules to protect shareholders are missing, said experts.

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Transparency key to market, says Dr Maung Maung Thein

Transparency is the most important consideration for companies planning to list on the Yangon Stock Exchange, according to Dr Maung Maung Thein, chair of the Securities Exchange Commission of Myanmar.

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Six companies enter competition to import new Yangon buses

Six companies have applied for a tender to import buses for a new Bus Rapid Transit (BRT) system in Yangon.

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Currency dips on flooding concerns

Flooding is putting downward pressure on the Myanmar kyat, with the local currency depreciating 2 percent against the US dollar last week.

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Election jitters as MIC gives permits

The Myanmar Investment Commission has permitted 11 more investments this week. “We are still seeing an influx of foreign investment even though the election is close,” says Ministry of Commerce advisor U Maung Aung.

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Credit rating in 3 to 4 months

Myanmar is likely to receive a shadow sovereign credit rating in three to four months, according to a senior official at the Central Bank of Myanmar.

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