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Central Bank of Myanmar approves loans without collateral
Local banks are now permitted to extend loans without the need for collaterals, U Set Aung, Deputy Minister at the Ministry of Planning and Finance, told The Myanmar Times at the 5th Asia SME...
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Australia expands its support for Myanmar’s farmers
Australia and Myanmar have developed their strategy of research collaboration in fisheries, livestock and cropping systems for the next ten years. They will continue the work started out with the...
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Clean water for Dala
A project focusing on developing access to clean water has been implemented in seven locations of Dala township, located across Yangon’s river from downtown Yangon, which remains underdeveloped. The...
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Yangon Payment Services Invitation for tender (Second Step). Closing Date 14...
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MySQUAR jumps as it links up with Myanmar Railways to provide WiFi and...
“We anticipate this partnership could have vast long-term potential as the railways are improved and railway use is projected to multiply over the coming years as roads become more congested” Shares...
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SMEs voice frustration over confusing government policies as challenges mount
Small and medium enterprises (SMEs) are still struggling to compete and expand five years after U Thein Sein’s former government established a central committee to support the sector and after the...
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Effective policy needed to tax income from digital advertisements
Myanmar’s policy for taxing digital advertisements is lagging behind technology advancement in the country. Therefore, new policies enabling the collection of taxes from online and social media...
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Myanmar focused on improvement of literacy rate
The government has been building a 21st century education system that will propel Myanmar to the rank of the upper-middle-income nations by 2030. Myanmar kicked off the International Literacy Day 2017...
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Yangon’s hippest bazaar
Opening in December, Urban 86 will have year round selfie appeal Trendy markets, day and night, have become somewhat of a must-have for cities across Southeast Asia. Since the launch of the Strand...
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Need to reduce consumption rises as fuel imports surge
As fuel can be imported freely from overseas, the volume and value of fuel imports into Myanmar is expected to rise this year compared to last year, U Khin Maung Lwin, Assistant Secretary from the...
View ArticleMyanma Timber Enterprise, Invitation for open tender, Closing Date 30 Oct 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...
View ArticleNational electrification project Invitation for Bids. Closing Date 12 Dec 2017
Date: 23rd October, 2017 Specific Procurement Notice IDA Credit No. : 5727-MM Contract Title: Surge Arrester, Fuse, Transformer Accessories, Medium Voltage Cable & Low Voltage Cable (Accessories)...
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Golden City opens grade-A office tower in Yankin
Golden City officially opened Golden City Business Center (GCBC),which is a four-storey office tower in Yankin township, Yangon, on October 17. The development has a net leasable area of around 150,...
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60 pc of investments in Thilawa SEZ target local market
There are 85 local and foreign investments in Thilawa Special Economic Zone Project, with most of them targetting the local market. Sixty per cent (51 businesses) of the total investments target the...
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Political make-up a bottleneck for Shan economy
The political make-up of the state’s executive and legislature results in a lot of time and energy spent on negotiations instead of implementing sweeping economic reforms in Shan, according to a local...
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Yangon Water Bus adds catamaran, commits to continue upgrading services
A catamaran boat will join the Yangon Water Bus fleet after arriving in Myanmar in November, according to an October 21 posting to the social media page of the service. The water-bus service has two...
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MPT to expand fibre-optic service to Mandalay
State-owned telecommunication operator Myanmar Posts and Telecommunication (MPT) will offer Fiber To The Home (FTTH) – an internet service – in Mandalay next month. FTTH is the setting of fibre-optic...
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Telcos vie for mobile financial services
YANGON-WHILE Myanmar is still a cash-dominated society, the nation’s three telecommunications operators are trying to change that as they vie for the lead in the country’s nascent mobile financial...
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Yangon chief minister a rising star and ‘very sharp’ politician
In Myanmar’s personality-driven politics, few people get as much attention as its civilian leader Aung San Suu Kyi or its powerful commander-in-chief Min Aung Hlaing. Yangon’s Chief Minister Phyo Min...
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Yangon factories told to treat water or else
The government warned factories to treat their wastewater properly before disposing it into rivers or face penalties, including closure of their facilities. In Yangon Region’s 24 industrial zones...
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