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Shops close as jade prices drop by 70pc in Kachin State
Demand has fallen after a Chinese government crackdown on traders who bought value-added jade without paying tax, said U Z Lum, chair of the Myanmar Gems and Jewellery Entrepreneurs’ Association in...
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Thai rubber company’s new tree-to-tire strategy
Thailand’s largest and the world’s second largest rubber producer is placing a big bet. With global rubber prices on the decline, Sri Trang Agro-Industry is increasing its capacity. The goal is to...
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The NLD and a new dawn for old business
The past few days have been filled with casualties, as moguls hoping to re-take their seats in Nay Pyi Taw are expelled in favour of new faces. Some of the biggest names in business under the former...
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U Yan Win: After parliament, back to business
The National League for Democracy is the people’s choice, he said at his office in Yangon yesterday. “We have to follow the people’s desire.” Nevertheless, the owner of A1 Group of Companies will have...
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Business leaders see brighter future in NLD win
Industry insiders say they expect the NLD’s victory will lead to the easing of remaining sanctions, along with a spike in foreign investment and economic aid. RANGOON — Business leaders have welcomed...
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Vib to debut in Yangon
Best Western Hotels & Resorts has revealed plans to launch its new boutique lifestyle brand, Vīb, in Myanmar. Scheduled to welcome its first guests in 2018, the new-build Vīb Yangon will offer 110...
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First low-cost housing to be built in Mogok
The Infrastructure of Myanmar Company is planning to build a low-priced housing project in Mogok township, Mandalay Region, says company chair U Than Oo. The project, which includes 80 five-storey...
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Bangladesh to import more gas from Myanmar
The government is upbeat over a ‘visible’ win of Nobel peace laureate Aung San Suu Kyi’s National League for Democracy (NLD) party in Myanmar’s parliamentary elections and eyeing afresh to import...
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Indians least generous in South Asia, Myanmar tops the list: poll
India is the least generous country among eight South Asian nations and ranks a dismal 106th in a global report of people who help strangers, donate money or volunteer their time for a good cause. The...
View ArticleMyanmar Petroleum Chemical Enterprise invites bidders for Propane and Butane;...
The Republic of the Union of Myanmar Ministry of Energy Myanmar Petroleum Chemical Enterprise Invitation to bid for Petrol and Gas 1. Propane for 200 ton and butane for 300 ton produced by No.1...
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KDDI: 16 million users for MPT
The parent to MPT joint venture partner KDDI Summit Global Myanmar said Myanmar’s state operator has boosted its user base by 250 percent since the firms teamed up last July. With a 16-million-strong...
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Myanmar Election Results Put Japan in Uncertain Spot
The victory of Aung San Suu Kyi’s party in Myanmar’s election leaves Japan and its companies facing some uncertainty in the country, in part because businesses and Prime Minister Shinzo Abe haven’t...
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Rocket Internet eyes Myanmar, Bangladesh, Pakistan markets
Rocket Internet, the German startup-builder, has big plans for Asia. Its Asia Pacific wing – a joint venture with Qatari telecom company Ooreedo – plans to launch at least one new company per quarter...
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Start-up competition gets going in Yangon
More than 200 people came to participate in a StartUp Challenge hosted by downtown innovation lab Phandeeyar on November 14, with entrepreneurs looking to launch businesses in e-commerce, mobile and...
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Telenor and Yoma Bank test mobile money service
The link-up, called Wave Money, will allow customers to transfer and receive money through local storefronts called “Wave Shops”, according to its new Facebook page. Myanmar has overhauled its...
View ArticleMyanmar Railways to call Tender for Car Parks
Myanmar Railways (Naypyitaw) said it will call for a tender to build multi-storey car parks and apartments on their acre of land behind Thamada cinema. Every interested person or company can submit a...
View ArticleMyanma Timber Enterprise invites open tender to sell Teak & Hardwood; Closing...
MINISTRY OF ENVIRONMENTAL CONSERVATION AND FORESTRY MYANMA TIMBER ENTERPRISE EXPORT MARKETING & MILLING DEPARTMENT INVITATION FOR OPEN TENDER 1. Myanma timber enterprise will sell teak &...
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ADB to Loan $100 Million to Upgrade Road in Kayin on GMS Corridor Route
The Asian Development Bank (ADB) has approved a $100 million loan to improve a 66.4 kilometre section of road connecting the towns of Eindu and Kawkareik in Kayin state, dubbed as the missing link of...
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Chinese fruit traders extend reach into into Shan State
Chinese fruit traders are cutting out the middleman – extending their reach deep into upper Myanmar to deal directly with fruit farmers, rather than with brokers at the Muse border post. The Chinese...
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Developer Yoma Strategic is a big winner in Myanmar election
Yoma Strategic Holdings surged Wednesday in Singapore’s stock market on hopes that the National League for Democracy’s likely ascent to power in Myanmar will spell new opportunities for the real...
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