The Myanmar Times
Wednesday, 26 November 2014
The Myanmar Times
The Myanmar Times

Reform in the works for state-owned banks

Prominent state–owned banks must rapidly reform or risk being removed, according to senior government officials.

 

 

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Paddy price plunge hits farms

Paddy prices have taken a big hit from a recent drop in demand from China, as border officials have strangled the bilateral rice trade by stepping up efforts to prevent illegal imports.

 

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Traders step toward a futures market for commodities

Beans and pulses traders have begun a pilot program selling futures contracts, as business leaders look to develop a futures market for commodities in the country.

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Tidied–up trains to draw ads

Myanma Railway is counting on its clean new carriages to draw advertising revenue, though another tender may take some time, according a senior official.

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ADB eyes boosting local agriculture

The Asian Development Bank is planning a big push to support Myanmar’s agricultural sector by investing in efforts like a US$75 million irrigation project, according to officials.

 

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Six firms still in hunt for ASEAN prize

Six Myanmar companies snagged national titles from the ASEAN Business Awards 2014, supported by local business association UMFCCI.

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Thanlyin refinery tender narrowed down to last four bidders

Only four companies have responded to an invitation to tender to build a refinery at Thanlyin in Yangon Region, despite about 20 foreign and international firms purchasing bidding documents.

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Shops find out where K1800 will take you

Popularity of K1800 Omoto stores rest on their fixed prices, as well as a way for land owners to monetise under–used retail shop space

 

 

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Plunging paddy prices leave farmers reeling

Paddy prices have taken a big hit from a recent drop in demand from China, as border officials have strangled the bilateral rice trade by stepping up efforts to prevent illegal imports.

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Two more weeks until Telenor switches on Yangon

Yangon’s mobile users will have to wait another 10 to 15 days to sign up with Telenor, as the firm needs more time to prepare its coverage in the city.

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