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

Thilawa attracting foreign firms as tenants

Thilawa has attracted formal interest from dozens of companies, but competitors say local firms are reluctant to commit to the long-term leases required by the special economic zone.

 

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Moving beyond the “crony” label

The word “crony” can be an unfair label for Myanmar companies working toward greater transparency, according to Vicky Bowman, director at the Myanmar Centre for Responsible Business (MCRB).

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Credit committee selects S’pore firm

Singaporean firm NSP Holdings has been selected to assist Myanmar with setting up a credit bureau, said a senior official from the Credit Bureau Development Committee.

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Unlocking Myanmar’s potential

With change comes opportunity: an apt maxim for Myanmar as it emerges from decades of isolation. 

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Biggest slice yet for onshore local partners

The two latest production sharing contracts for onshore oil and gas includes the biggest share yet for the local partner.

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Nestlé looks to commit to Myanmar market

Swiss food giant Nestlé SA has confirmed that it is preparing to invest around US$50 million in Myanmar’s food and beverage industry over the next six years, in the latest sign yet of the Myanmar consumer market’s attractiveness to international firms.

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Government hopes to start insurance scheme next January

A ground-breaking scheme is being launched that will enable Myanmar citizens to take out insurance covering health, insurance and the effects of bad weather in the next few months. says U Maung Maung Thein, deputy minister for Finance and Revenue.

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Sweetening the deal: Big Sugar appeals to investors

Myanmar Sugar Development Public Company is planning another share sale to invest in Thilawa SEZ and also finance a sugar processing factory.

 

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Traders dump the state banks

Local businesspeople are shifting away from state-owned banks for international transfers because private banks are offering more convenient alternatives.

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Low tariff no guarantee in Kyaukphyu tender

A Hong Kong company has bid the lowest price in a tender to win the rights to build a gas-fired generating station, but that does not guarantee it will win, say officials.

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