The Myanmar Times
Saturday, 04 July 2015
The Myanmar Times
The Myanmar Times

Bangkok Bank branch opens its doors

Bangkok Bank opened its Yangon branch office yesterday with a paid-up capital of US$200 million, according to company officials.

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Cambodian rice seller blames Myanmar for Europe competition

Cambodian rice exports to the European Union have declined slightly, while Myanmar’s have undergone a sharp increase, according to recent figures.

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Six months on, MEB still main T-bill buyer

State-owned Myanma Economic Bank continues to dominate the bi-weekly government Treasury bill auction nearly six months after it began.

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Villagers hear from both sides of big coal in Rakhine State

Villagers are planning to send a petition to the chief minister of Rakhine State protesting a newly announced coal-fired plant in Kyaukphyu township.

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Farmers unload onions to avoid rain

The onion harvest has coincided with higher prices, but it is difficult for farmers to take advantage of the increase.

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Quality the priority over timing for Yangon Exchange

The Yangon Stock Exchange may not arrive in October, as preparations are focused on providing a quality market rather than solely on timing, according to deputy finance minister Dr Maung Maung Thein.

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Central Bank moves to limit US dollars

The Central Bank of Myanmar has moved to prevent dollarisation by limiting US dollar withdrawals and reinforcing rules against paying in a currency other than the kyat.

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Inflation fears prompted by K10,000 notes

An announcement in state media that a new version of the K10,000 note will be released has led to fears of inflation, particularly as the government has yet to state the number of bills to be circulated.

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Foreign insurers eager as market opens a crack

American giant MetLife is the latest insurance company to ramp up its local presence, as regulators begin the first steps of allowing foreign insurers into the market.

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First foreign insurance licence given for Thilawa

A japanese firm has been granted the first licence to a foreign company to run insurance in Myanmar.

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