The Myanmar Times
Thursday, 27 November 2014
The Myanmar Times
The Myanmar Times

Pulse of the future: pilot trading program begins

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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Loan interest rates could float by 2015

The Central Bank of Myanmar plans to allow freely floating interest rates shortly, though initially for US dollar loans only, according to its deputy governor U Set Aung.

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Civil society group calls for freeze on Dawei economic zone

Stop work at the Dawei Special Economic Zone now – unless proper safeguards are put in place, local activist groups are urging. They issued a list of demands to coincide with the visit to Myanmar of the Thai prime minister.

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More oil companies reveal ownership

Eight local oil and gas companies have revealed their ultimate beneficial owners as part of NGO Global Witness’ drive to promote transparency in the notoriously secretive sector.

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Competing visions for jade market’s future

Traders have set up a committee to upgrade the Mahar Aung Myae jade centre in Mandalay, though an alternate site is also being built outside of the city.

 

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Economic growth tops 8%

The domestic economy is growing faster than expected, as the World Bank and International Monetary Fund (IMF) both pegged the past year’s GDP growth above 8 percent.

 

 

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Foreign banks chip in for tower firm’s loan

Telecoms tower company Pan Asia Majestic Eagle has completed what it claims is the first cross-border, non-recourse financing arrangement in Myanmar.

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Ministers signal shake-up to loss-making state enterprises

The government will continue to assess the future of loss-making state enterprises, two ministers said last week, after revealing that many are losing money.

 

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Land at border industrial zone going on sale in November

Myawaddy Industrial Zone will be banking on its location just a few miles from the Thai border to attract buyers, as property will go on sales at the zone by next month, said U Kyaw Tint, project developer of Nyinaung Oo Company.

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Myawaddy trade survives fighting

Cross-border trade with Thailand dodged a bullet after fighting threatened to disrupt commerce at the important Myawaddy border gate.

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