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Hotels in an empty capital
Myanmar’s new administrative capital, Nay Pyi Taw, has a mismatch in room supply and demand that is bigger than Kanye West’s ego. Greg Lowe reports why hotel groups are in there On first impression,...
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Locally produced vehicles mainly built to be traded in: MPs
The global automobile titans that are increasingly setting up Yangon showrooms are said to be quietly confident – Myanmar’s car industry is threatening no one, except possibly the people who drive the...
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Myanmar fans catch ONE debut
Singapore-based mixed martial arts (MMA) promotion company ONE Championship held its first fight night in Myanmar on Saturday night. A packed Thuwunna Stadium in the commercial capital Yangon saw...
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Myanmar Inks Global Arms Treaty
Myanmar has ratified the Chemical Weapons Convention (CWC) and will become the 191st member of the Organization for the Prohibition of Chemical Weapons (OPCW), the global watchdog announced Thursday....
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Myanmar seeks joint-venture partners for oil imports, storage and sales
SINGAPORE: Myanmar is seeking joint-venture partners to import, store, distribute and sell oil products in the Southeast Asian country, according to a tender document seen by Reuters. The Myanma...
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Myanmar sees rise in foreign contracted investment
YANGON, July 18 (Xinhua) — The foreign contracted investment in Myanmar hit 2.4 billion U.S. dollars in the first three months of the fiscal year 2015-2016, according to official statistics released...
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Thanlwin dam still in the planning stages
Planned hydropower projects on the Thanlwin river are still in the early stages, according to Ministry of Electric Power officials, disputing claims in Thai media that a memorandum of understanding...
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The American Stake in Myanmar and Sri Lanka
Although many Americans would have a hard time finding Sri Lanka or Myanmar on a map, these two Asian countries are in the midst of major political transformations with important and uncertain...
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Dagon City Saga – A vote of confidence in the future of Yangon City as a...
Shwedagon Pagoda is the defining landmark in the City Center – no high-rise is allowed within a 1.6 km radius Source of photo: Airpano.com I am a Singaporean who runs a business consultancy in Myanmar...
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Caution urged for Yangon BOT property sales
The sale of units in built-operate-transfer (BOT) housing developments has slowed almost to a standstill, as buyers grow increasingly wary of the risks, according to commentators. In 2011, ministries...
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Depressurising Yangon: Plans and Controversies across the River
Yangon is dealing with a downtown problem; as the city’s population has doubled since 1983, and is expected to double again in the next 15 years, the city must inevitably increase in area, and is...
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Hitachi Hitches with Local Business to Stabilise Myanmar’s Electricity
Hitachi Industrial Equipment Systems Co Ltd (HIES), a subsidiary of Japanese conglomerate Hitachi, will partner with Soe Electric and Machinery Co Ltd (SEM) to produce electrical transformers in...
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Indian Agri Logistics Group Ties Up with United Amara Bank for Collateral...
Indian agri logistics and warehousing company SLCM Ltd, a wholly-owned subsidiary of Sohan Lal Commodity Management Group, has signed a memorandum of agreement with local lender United Amara Bank...
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KBZ Bank Ties Up with Taiwan’s Cathay United Bank
Local lender Kanbawza Bank Ltd (KBZ) has signed a memorandum of understanding (MoU) with Taiwan’s Cathay United Bank (CUB) in a bid to promote collaboration between the two banks in a number of areas....
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Mango farmers frustrated by money changers in Muse
The Ministry of Commerce is working to arbitrate a Mandalay dispute between mango farmers and the Muse money changers they claim are giving them an unfair deal. Local mango farmers and merchants...
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Myanmar Investments International Limited Raises US$20 million for More...
Myanmar Investments International Limited Successfully completed a new subscription. MIIL closed an additional equity fund raising of $3.8 million in December 2014. Myanmar Investments International...
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Myanmar makes way for foreign beverages
YANGON — The globe’s big beer and beverage makers are rushing into Southeast Asia’s last frontier. Consumers do some comparison shopping in the beer aisle of a Yangon supermarket. That would be...
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Myanmar suspends granting of foreign insurers’ licenses in SEZs
YANGON, July 22 (Xinhua) — The Myanmar Insurance Business Supervisory Board has suspended granting licenses for foreign insurers to operate in Myanmar’s special economic zones for one year, official...
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Tata works to get more out of domestic agriculture exports
About 80 percent of Myanmar’s exports of beans and pulses go to India, with lesser amounts going to Pakistan, Bangladesh, Europe and the United States. Myanmar competes against other growers,...
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Chinese smugglers get life sentences
A total of 153 of 155 Chinese citizens who were involved in illegal timber extraction have been sentenced to life in prison by Myitkyina district court in Kachin State. Two children got 10-year...
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