The Myanmar Times
Saturday, 05 September 2015
The Myanmar Times
The Myanmar Times

Government signs Dawei agreement with ITD – again

Myanmar has signed a concession agreement with a consortium of private developers, including Italian-Thai Development (ITD) Public Company, for the Dawei special economic zone (SEZ) almost two years after ITD withdrew from the project citing financial difficulties.

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Commerce ministry to cut permit needs

The Ministry of Commerce has created a list of 4405 commodity items that need licences for import, planning a shift from a previous system where all imported items need licences.

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Hilton to sign with Crown Advanced for Yangon hotel

International hotel chain Hilton Worldwide is preparing to sign a deal with local conglomerate Crown Advanced Construction to operate a hotel in central Yangon, a director at the Myanmar firm told The Myanmar Times.

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Floods take a toll on domestic economy

Commodity prices have spiked with the flooding of hundreds of thousands of acres of farmland, hitting domestic consumers in the pocketbook.

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Rice exports suspended as 500,000 acres flood

The Myanmar Rice Federation has agreed with traders to suspend rice exports until September as more than 500,000 acres of paddy fields are flooded nationwide, leading to a sharp rise in prices over the past few days.

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AYA Bank to take a digital turn: Zaw Zaw

AYA Bank is going to focus on internet and electronic banking, and is planning to extend its cashless payment network, according to the bank’s chair U Zaw Zaw.

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Step-by-step awareness campaign for stock exchange

The backers of the Yangon Stock Exchange are putting together a crash course to introduce it to the public. Dr Maung Maung Thein, chair of the Securities and Exchange Commission of Myanmar, said in the coming months, various stakeholders will be given a look at how the systems behind the exchange work.

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Little growth without loans for small firms

Fujiyama  Printing Press would like to grow. The firm sees an opportunity to muscle in to the business of printing daily newspapers, with what it claims is a clear business case and interested customers lined up.

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Future business centre languishes as a plant nursery awaiting plan approval

In rapidly expanding Yangon, business activity has remained largely focused in the city’s southern central area. The downtown is now stuffed with shops, traffic and offices, though authorities’ plans to relieve the pressure have so far been stymied as they await approval for a large business development.

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No takers for credit guarantee insurance in last year

Credit guarantee insurance services for small and medium-sized enterprises (SMEs) have been available in Myanmar for more than a year, but so far nobody has taken advantage of them, said Dr Maung Maung Thein, deputy minister for finance, at the 1st Myanmar Financial Inclusion Conference in Yangon on August 2.

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