The Myanmar Times
Saturday, 29 August 2015
The Myanmar Times
The Myanmar Times

Capital Diamond Star Group seeks to raise profile, enter regional markets

Capital Diamond Star Group has kept a low profile for most of its history; at least as much as is possible for a company of 7000 employees and some of Myanmar’s major brands to stay out of the limelight.

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Sharp rise in fuel imports as port services improve

A government decision to allow private companies to store and distribute fuel has resulted in a sharp rise in imports, according to Union minister for transport U Nyan Tun.

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MOGE to invite offshore supply base bids

Myanma Oil and Gas Enterprise (MOGE) will invite local and foreign companies to submit proposals for the development of a new offshore supply base, according to an official.

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Rice exports can still recover from floods

Though more than 60,000 acres of monsoon paddy may have been destroyed by recent flooding, not all is lost, said U Ye Min Aung, general secretary of the Myanmar Rice Federation.

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Singapore pushes mediation service for business dispute resolution

The Singapore International Mediation Centre is pushing for businesses to turn to mediation instead of more costly arbitration.

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Regional companies signal interest in LPG joint venture tender

Nearly all of the 19 foreign companies submitting letters of expression of interest for a joint venture Liquefied Petroleum Gas (LPG) project have done so with a local partner, according to an announcement.

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MPU member banks to boost cashless payments

The infrastructure to facilitate card payment transactions is essential if Myanmar’s economy is to evolve beyond a system dominated by cash, said banking officials at the Myanmar Banking and Finance Conference in Yangon on 28 July.

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Official kyat rate strengthens for first time this year

The Central Bank of Myanmar has strengthened the official kyat-US dollar exchange rate for the first time this year, after the local currency had steadily lost value in 2015.

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Quality jade shortage hits trade

Jade traders are complaining of meagre profits and sluggish sales at Mandalay’s Maha Aung Myay jade centre.

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Beans export issue now solved

A paperwork problem that held up beans and pulses exports has been solved, according to Myanmar Pulses, Beans and Sesame Seeds Merchants Association general secretary U Min Ko Oo.

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