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Will YSX Deal a Blow to Burma’s Real Estate Market?
Yangon — Burma’s newly launched Yangon Stock Exchange (YSX) has left observers wondering what this could mean for the country’s volatile real estate market. Yangon , Burma’s commercial capital, has...
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IT firm denies ex-minister’s claims
RedLink, a data communications service provider, has spoken out against comments made by the former information minister Ye Htut regarding tax evasion. It denied Ye Htut’s accusations saying the firm...
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IOC bids for fuel marketing and retail rights in Myanmar
New Delhi: State-run Indian Oil Corp (IOC) has bid for rights to import, store and distribute petroleum products in Myanmar. “We have put in a bid to enter fuel marketing and retail business in...
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Texchem expands into Myanmar’s marine products markets
Kuala Lumpur (April 1): Texchem Resources Bhd is venturing into the procurement and marketing of marine products such as soft shell crabs, prawns and hamaguri, the common orient clams, in Myanmar. In...
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Burmese company looking for JV partner to invest in Boutique Hotel near...
Mingun Pagoda along the Irrawaddy River Location Of The Project: Strand Road, Between Sagaing and Mingun (also referred to as Min Kun), Opposite Bank of Mandalay, Myanmar (Burma) and three other...
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Aiding a Few Good Men (and Women) in the New Myanmar
Anyone who has ever worked with Congress knows how essential it is for an elected official to have a competent and capable staff. Politicians may be the ones who get the credit, but it is often the...
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NLD looks to raise ‘ancient’ Yangon rents
According to MP Yan Aung of the National League for Democracy, the new government will reconsider the rental agreement with the Yangon Zoo and Kandawgyi – Mhyaw Sin Kyun Park. The Mingala Taungnyunt...
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Canadian-run Yangon Bake house changing women’s lives in Myanmar
YANGON, Myanmar — It’s 6 a.m. and a small kitchen tucked away at the back of a house in Yangon, Myanmar is buzzing. Women are hard at work measuring and mixing ingredients to make the day’s batch of...
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Macau seeks business opportunities in Myanmar
The Macau Myanmar Friendship Association (MMFA) organized a business trip to Yangon and Bagan with the expectation of developing trade relations with the country, TDM reported. MMFA perceives...
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Telenor addresses underage labour, corruption and site fatalities
At a sustainability briefing yesterday – the third given by the Norwegian operator, which is the only telco to hold a public event discussing these issues – Telenor Myanmar CEO Petter Furberg covered...
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Bidders cry foul on Yangon Region government tender
Two unsuccessful bidders for a Yangon Region government tender have claimed the government decided on the winner before the selection process, and the chair of one of the firms intends to petition the...
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Bogyoke shopkeepers talk hopes and fears
Local businesses at Yangon’s most famous bazaar, Bogyoke Market, are banking on the new government for better economic times. Since 2011 there has been an unprecedented influx of foreign tourists, and...
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India took 180-degree turn in Myanmar policy: Shashi Tharoor
New Delhi: India took a “180-degree turn” in its approach towards Myanmar from being pro-democracy and anti-junta when Jaswant Singh was External Affairs Minister as it could not afford to surrender...
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Loi Hein ramps up real-estate ventures
Drinks manufacturer Loi Hein Company has shelved plans to list on Yangon’s stock exchange, but a series of potential foreign joint ventures means the firm should have no difficulty growing, CEO Sai...
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Central Bank manoeuvres rise in kyat value
The value of the Myanmar kyat has risen due to the efforts of the Central Bank of Myanmar, according to Xinhua News Agency. The kyat value rose gradually starting from the beginning of this year...
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Employment rises throughout U Thein Sein administration
The five-year term in office of President U Thein Sein saw an increase in foreign investment into Myanmar, with a 67.85 per cent increase in employment opportunities, according to a statement released...
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Businessmen Want $250,000 Back for Tollgate Bids
PATHEIN, Irrawaddy Division — Irrawaddy Division businessmen have asked for the return of more than US$250,000, which they paid to bid for tollgate operating licenses, after the Ministry of...
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Myanmar’s Suu Kyi drops two ministerial jobs, takes on spokeswoman role
YANGON: Myanmar’s Aung San Suu Kyi has dropped plans to run two major ministries but will act as spokeswoman for the country’s new president, a ruling party official said on Monday (Apr 4). Banned...
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Myanmar’s Aung San Suu Kyi meets China counterpart Wang Yi in foreign...
YANGON (AFP) – Myanmar’s foreign minister Aung San Suu Kyi met her Chinese counterpart on Tuesday (April 5) in the first diplomatic foray of her new pro-democracy government, underscoring the...
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China firm wins Myanmar approval for $3 bln refinery
BEIJING, April 5 Chinese state-controlled commodity trader Guangdong Zhenrong Energy Co has won approval from the Myanmar government to build a long-planned $3 billion refinery in the Southeast Asian...
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