The Myanmar Times
Wednesday, 23 July 2014
The Myanmar Times
The Myanmar Times

Thai rice pushes Myanmar out of Africa

Myanmar rice exporters are being undercut in the important African markets by a flood of exports as the Thai junta offloads millions of tonnes of stored rice at discounted prices, according to Myanmar rice trading officials.

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Preparing for the worst

While no one likes to think of the possibility of serious injury or an untimely demise, it is important to plan. Andrew Wood on the importance of insurance.

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Mandalay industry cries out for govt lending

The government’s allocation of loans worth K1 billion to small and medium sized enterprises (SMEs) in Mandalay is “insufficient”, U Kyaw Myint, the minister of electricity and industry for Mandalay Region, said last week.

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Work on Pansodan jetty starts

In a further boost to local transportation, work began on June 1 to build a new jetty at Pansodan. Myanma Port Authority and the Ministry of Transportation held a groundbreaking ceremony the previous day.

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APR energy flicks the switch

American firm APR Energy announced it had begun producing power at its 100 megawatt plant in Mandalay Region on June 6.

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Ball Corp becomes first US firm to enter Thilawa

A US beverage container producer and a Japanese auto parts manufacturer today became the first companies to sign contracts to invest in the Thilawa SEZ, with both agreeing to lease land to build factories.

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UNDP moves out of microfinance

The United Nations Development Progrmme (UNDP) transferred its Myanmar microfinance assets to Pact Global Microfinance Fund at a Nay Pyi Taw ceremony on June 4.

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MOGE makes first step to corporatisation

State-owned Myanma Oil and Gas Enterprise (MOGE) began its corporatisation process this week, inviting partners for a joint venture in several upstream and midstream petroleum activities. 


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Shan coffee perks to highs near season's close

Upper Myanmar coffee growers say a bean shortage pushed recent coffee prices to highs not seen in three years, driven by Chinese demand for the beverage.

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No CNG price hike, ministry insists

The Ministry of Energy says there will be no price rise for compressed natural gas (CNG) for at least three months, appearing to contradict state media claims that a price rise in imminent.

 

 

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