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Internet ventures blooming in Myanmar
Internet startups offering such services as car-hailing and payments are attracting many consumers in this booming economy, and the sector is expected to evolve further with a smartphone boom and...
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Yangon Needs to Generate More Power: Minister
Yangon Region will need more power this year, according to Dr Htun Naing, deputy minister for electricity and energy. He asked Parliament on March 13 for Ks30 billion (US$22 million) to purchase a...
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Business Chiefs Hail ‘Final Frontier’
Will Myanmar be able to cope with the fast-paced dynamic landscape of the world’s economic climate as it records the fastest GDP growth in Asia? Is the government doing enough? Is Myanmar...
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Govt Stands by Thingyan Holiday Cut
Despite complaints and emergency and meetings being held, Myanmar’s government will stand by its decision to cut the 10-dayThingyan holiday by half. According to Director-General Zaw Htay from the...
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Yangon Workers will Enjoy Thingyan Break
Ministry of Labour yesterday discussed Thingyan holidays with employers at the office of Union of Myanmar Chamber of Commerce and Industry –UMFCCI, in Yangon and agreed to have a 10-day break for...
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Myanma Timber Enterprise Invitation for Open Tender. Closing date 24 Mar 2017
1. Myanma Timber Enterprise will sell Teak & Hardwood Round Logs and Sawn Timbers by Open Tenders in Us Dollars. Particulars of The Open Tender Sales are as Follows: (a) Date & Time –...
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Max Myanmar looking for partnership in financial services
Max Myanmar Holding Co, a hotels-to-engineering conglomerate, said it is looking for partnerships in financial services and is in talks with France-based Accor SA to expand cooperation in hotel...
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Myanmar’s AGD Bank Seeks Foreign Partners, Has Talked With Uber
Myanmar’s Asia Green Development Bank Ltd. is seeking foreign partners and has held talks with Uber Technologies Inc. as it seeks to harness digital platforms to service the most under-banked country...
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Bid to boost Myanmar shrimp trade begins
“We usually import broodstock from Thailand. But, possibility for the broodstock to suffer some diseases is truly a major risk to our shrimp production. Now we are about to start sustainable shrimp...
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PTTEP partners with Total in Myanmar’s MD-7 field
PTT Exploration and Production Plc (PTTEP) has entered into a partnership agreement with Total E&P Myanmar, divesting a 50% participating interest in the Myanmar MD-7 Project. The company will...
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Hate speech Myanmar monk banned from sermons by Buddhist council
Wirathu, a monk once dubbed the “face of Buddhist terror”, has led calls for restrictions on Myanmar’s Muslim population, penning hyperbolic speeches warning of an Islamic takeover of the...
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How Mytel is Set to Shake Up Myanmar’s Telecoms Sector
The entrance of a new operator to Myanmar’s telecoms sector has brought a wave of new investment and heightened competition to an already crowded market, promising expanded service options and...
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Japanese Firms Pledge to Clean up Rivers Polluted by Dye in Textile Making Hub
Two Japanese industrial companies have made a joint proposal to build and operate a water treatment facility in the central Myanmar town of Wundwin, which suffers from polluted waterways caused by...
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Sell food with Banned Colouring and Get Shut Down: MCDC
Businesses in Mandalay that are selling food containing banned food dye now risk having their shops shut down by the authorities, which have launched an operation to ensure food safety. Closing down...
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K30b From Reserved Fund for Yangon’s Power Needs
President U Htin Kyaw has asked the Pyidaungsu Hluttaw to approve the allotment of K30 billion from the reserve fund of the 2016 Union budget for the purchase of generators to meet the increasing...
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Government Currently Subsidising Electricity Bill
Ministers and industry experts say the government’s approach of paying the electricity bill using the union budget is a hindrance to the development of the sector. In 2012, the average export rates...
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AboitizPower eyeing hydropower project in Myanmar
(AboitizPower) is looking at exploring and developing a potential hydropower project in Myanmar, its president said on Wednesday. “We are still looking at hydro potential in Indonesia and we’re...
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Thai firm N Health launches joint venture to open Myanmar’s first private...
Narongrid Galaputh, chief executive of Non-Hospital Group of Bangkok Dusit Medical Services Public Co Ltd (BDMS) and managing director of N Health, said at a media briefing that the firm is proud to...
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KBZ Bank ‘Open to Foreign Investors’
RANGOON — KBZ Bank is willing to sell a stake in its operations to a foreign investor if the law permits, according to a report. Existing laws do not permit foreign investors to hold stakes in local...
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New Condo Launches in Yangon Ground to a Halt Last Year
Developers failed to launch a single new condo project in Yangon in the second half of 2016, as developers went ‘back to the drawing board’ in response to weak sales, the real estate firm Colliers...
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