Ford Motor begins selling its car and truck in Myanmar
Announcement by Ford Motor will be done today regarding the sale of its car and truck line up in Myanmar. Various American companies have expressed their interests to open up investments in this country. Ford disclosed that a subsidiary Myanmar-based conglomerate Capital Diamond Star Group will be its partner in initializing this opportunity instead of [...]
Lifting of sanctions in Myanmar is expected to happen next week by the European Union. However sanctions on arms embargo will still remain. This is their way of showing appreciation and acknowledgement of the reforms undertaken by the government, Reuters news reported. It was agreed last year that EU will lift most of its sanctions [...]
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The Tender Evaluation and Selection committee of Myanmar has disclosed last Thursday that 12 applicants have been pre-qualified to pass their applications to participate for two telecommunications licences, said news report from Nation Media. The following applicants are Airtel Consortium, Axiata Group Berhad, Digicel, France Telecom-Orange + Marubeni, KDDI Corporation + Sumitomo Corporation + Myanmar [...]
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According to Asian Development Bank the economy of Myanmar has reached 6.3% in the fiscal year that ended last March 31 as compared last year with only 5%, said news report from DPA said. The growth and development of the economy is a reflection of how the government worked hard in undertaking various reforms and [...]
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Speaking of technology, Myanmar is up to it. The fact that this country is known for its potential resources, everyone wanted to be counted in terms of business and trade ventures, according to news reported from AP. Among the countries that wanted to take part in the action are Norwegian, Vietnamese, Malaysian and Singaporean telcos [...]
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Three private companies were permitted by the Central Bank of Myanmar in opening foreign exchange counters in the country aside from those managed by private banks, IANS report said. To date, the Central Bank has allowed 18 private banks to open 212 money exchange counters since year 2011. It was in July last year when [...]
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An authorized official from the Myanmar Oil and Gas Enterprise (MOGE) disclosed last March 4 that about 25 offshore oil and gas exploration blocks will be up for auction by the Ministry of Energy in April, Myanmar Times news reported. ZawAung who is the director of planning at the MOGE disclosed during the summit that [...]
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A Memorandum of Understanding was signed at the U.S.- Myanmar trade and investment symposium between the two organizations namely United States Chamber of Commerce (USCC) and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) last Monday in a bid to promote and encourage bilateral trade and investment between the two nations, [...]
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The Myanmar Payment Union and China Union Pay started to offer to foreign nationals payment services last February 23. The announcement was issued by government officials during the press conference held at Sedona Hotel after a Memorandum of Understanding was made and signed last November 24, Myanmar Times news reported. At the conference, representatives announced [...]
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Various huge companies in Japan represented by 50 delegates met with numerous Myanmar businessmen to talk about infrastructure development, manufacturing and human resources at a business conference held at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI)Yangon last February 19, Myanmar Times news reported. The said event was headed by Kyushu [...]
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