The Myanmar Times
Saturday, 01 November 2014
The Myanmar Times
The Myanmar Times

Yoma receives IFC loan

Yoma Bank will receive a US$5 million convertible loan from the World Bank Group’s International Finance Corporation (IFC), the first part of what could be total financial support of $30 million in the coming years.

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Devalued kyat blamed on dollar strength

The peak export season in the last four months of a calendar year normally sees the kyat strengthen against the US dollar, though this year the opposite is happening.

 

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The Fine Print, Legal & tax insight: Mitigating tax exposure by using holding companies

Foreign investors wishing to sell their investment in Myanmar face a capital gains tax rate that amounts to a whopping 40 percent for non-residents.

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Minding the country’s education gap

Myanmar's strong economy is creating new employment opportunities across the board, but it is not a given that people are being trained for the job market.

 

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Preparing workers for the rigs

The local oil and gas industry is garnering global headlines, as international firms rush to participate in onshore and offshore development.

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Job creation falling short: U Serge Pun

Prominent businessperson U Serge Pun said Myanmar has a mixed scorecard on job creation, and is not seeing the employment growth it could achieve.


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MPT revamp begins with Japanese partners

MPT revealed its joint management team with its Japanese partners last week as competition in the mobile sector heats up.

 

 

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Garment industry hopes for ordering rush from the West

The garment industry is looking to Western orders to help it diversify, as exports look set for a record year.

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Banks brace for September licences

The domestic financial industry is rife with speculation on which foreign banks will receive licences to operate, though local banking players say little about the process has been revealed to them.

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Swiss giant Nestlé moves into food and beverage production

Swiss food manufacturer Nestlé SA has confirmed it will invest around US$50 million in Myanmar’s food and beverage industry over the next six years. 

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