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SCG’s new roadway signage initiative for Mawlamyine, Myanmar
Siam Cement Group (SCG) has launched a new roadway initiative, installing safety and directional signage on the streets of Mawlamyine in Mon State, Myanmar. With traffic and motor accidents on the...
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Swedish Firm Gets Second Multi-Million Dollar Order from IGT Myanmar
Swedish telecom infrastructure firm Flexenclosure has received its second multi-million dollar order from tower company Irrawaddy Green Towers (IGT). Flexenclosure, a designer and manufacturer of...
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Taking stock of small and medium businesses: report
Policy banks offering subsidised loans to small and medium-sized businesses still have significant unused capacity for financing, said an Asian Development Bank (ADB) report Among private banks, the...
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Wyndham Hotel Group Expands Asia Presence With First Property in Myanmar
YANGON, MYANMAR, Sep 02, 2015 – Wyndham Hotel Group today announced plans to expand its portfolio of offerings in Southeast Asia to Myanmar for the first time with the signing of a franchise agreement...
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Foreign business not turned off by knock-offs
The evidence is everywhere in Myanmar: at doughnut shops, at a previously Disney-fied liquor stop rechristened “Micky’s” and at tech shops emblazoned with the world-famous Apple logo – not to mention...
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Gems and minerals bank to register in September
The creators of a new bank to service the gems and minerals sector will apply for a licence this month, spokesperson U Thet Naing told The Myanmar Times. If licenced, the new bank will add to a number...
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Hpa-an developer aims to build 2 million apartments nationwide
The Infrastructure of Myanmar Company plans to build 2 million affordable apartments across Myanmar and has secured its first contract – with the Kayin State government. The company will build...
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Mandalay firms fight forex their own way
Betting the US dollar will continue to strengthen against the kyat, importers and distributors are raising prices to beat the exchange rate. “We set the price higher, but then offer promotions for our...
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Mandalay’s development hampered by red tape: survey
Based on responses from the city’s business community, the survey says that Mandalay and its surrounding states and regions have better transportation links with major trading partners China, India...
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Muse traders flout rice exports ban
Despite a ban on rice exports as Myanmar struggles to recover from a nationwide flooding disaster, traders are continuing business at the Muse border with China. In early August, the Myanmar Rice...
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Ooredoo Partners with Tech Startup Bindez to Provide Burmese News Content
Telecom service provider Ooredoo has partnered with local technology startup Bindez to bring a news app for Android users called “Bindez Tha Din”. This is Bindez’ first product to the market and it’s...
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Sales in Yangon’s East North New City are ‘dreary’ say realtors
Yangon Mayor U Hla Myint told the regional parliament last June that the East North New City had been awarded first priority among the seven new city projects devised by the Strategic Urban...
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Thousands out of work as minimum wage kicks off
More than 1000 factory workers have lost their job in the wake of the new minimum wage, according to the Ministry of Labour. Just one factory has so far closed however. U Maung Maung Hlaing, head of...
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Yangon Trade Centre tender to be re-opened
A tender will be called early next year to renovate the Yangon Trade Centre, which has been closed since a 2005 bomb attack, according to Ministry of Commerce officials. The ministry invited companies...
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Flooding Inflates Construction Materials Prices
There has been a hike in prices of building materials as flood has disrupted supply and production, according to building materials traders. “As sand and gravel are acquired from rivers, there have...
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Ooredoo Partners with Tech Startup Bindez to Provide Burmese News Content
Telecom service provider Ooredoo has partnered with local technology startup Bindez to bring a news app for Android users called “Bindez Tha Din”. This is Bindez’ first product to the market and it’s...
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PTTEP subsidiary divests in Myanmar blocks
After the divestiture, PTTEP SA’s holding in the two onshore blocks will be reduced to 70 per cent, while Moeco and Palang Sophon will each hold 10 per cent in both fields. The balance is taken up by...
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Shell and Thai Firms to Develop LNG Terminal in Myanmar’s Dawei SEZ
Royal Dutch Shell plc recently entered into an agreement with Thailand-based companies to develop a liquefied natural gas (LNG) terminal at the Dawei special economic zone in the Tanintharyi Region in...
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Tap Oil Signs PSC for Block M-7, Brings Myanmar 2013 Bid Round to a Close
Australia’s Tap Oil Limited signed Wednesday a Production Sharing Contract (PSC) for the shallow water Block M-7 in the Moattama Basin, Myanmar, formally bringing to a close the 20 blocks awarded by...
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