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  • July 7, 2015

    Indonesia earnings downgrades bode ill for Asia's worst stock market

    Jakartaโ s main stock index slumped 11 percent over the second quarter, the biggest three-month drop since late2008. The big infrastructure projects promised by President Joko Widodo to jump start Southeast Asiaโ s largest economy failed to materialise, delayed by bureaucratic hurdles. Since...

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  • July 6, 2015

    LINE aims to become part of people's daily lives

    Darin Hwang, general manager for LINE Myanmar, told reporters on Friday that this dramatic growth has prompted the company to pick Myanmar as the next market for transition. However, he would not disclose the exact number of users. "Our user base is astonishing at the moment. I believe in the future...

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  • July 6, 2015

    Restarting ceasefire process will take great effort: KNU leader

    Padoh Mann Nyein Maung's comment followed the likelihood that the government-backed Union Peacemaking Work Committee (UPWC) and the ethnic minority-backed Nationwide Ceasefire Coordination Team (NCCT) may amend and add points to the NCA. Such was discussed during the Law Khee Lar summit, held from June...

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  • July 6, 2015

    Shantou forging closer Southeast Asia links

    Last September the central government in Beijing gave the go-ahead for the local authority in Shantou, Guangdong province to build the Overseas Chinese Economic and Culture Cooperation Experimental Zone. The zone covers a 480 square kilometre area over three districts and is expected to be completed...

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  • July 6, 2015

    Cultural bridge links China with SE Asia

    Chinese opera, which is known as "Nguew" in Thailand, has been phased out from the entertainment world in this country and in Southeast Asia for some time now, but authorities in Shantou, which millions of overseas Chinese in this region originally hail from, are making another attempt to bring it back...

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  • July 6, 2015

    Wage war heats up

    Low wages in Myanmar, now among the lowest in Asean, have been mentioned as the primary advantage for companies planning to locate their manufacturing plants in the country. Many companies have taken advantage of the situation. The number of foreign-owned factories has been on the rise, despite the...

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  • July 6, 2015

    S'porean banks seek firmer presence

    "As Myanmar undergoes industrialisation and urbanisation, there will be more opportunities for Singaporean and Myanmar companies to work together. Banks such as the UOB and OCBC can play a key role to support foreign investment from Singapore into Myanmar," he said at the United Overseas Bank branch...

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  • July 6, 2015

    IMF downbeat on Myanmar economy

    Though the economy is expected to continue enjoying high growth of 8.5 per cent this financial year, like the previous year, several downside risks are imminent, says Yongzheng Yang, chief of IMF mission to Myanmar. He adds that the risks to stability include persistent dollar strength, low natural...

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  • July 5, 2015

    Monywa struggles with dengue cases

    "I have no idea how the hospital staff will manage if there are any more patients. Many more arrived this morning," said Daw Ni, the mother of a patient. Than Nyunt, the head of the hospital in Sagaing Region, said: "We have accommodation problems. We have moved some of them to the surgical ward...

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  • July 5, 2015

    Two nationals charged in anti-human trafficking effort

    The Kantountgyi police station officially filed charges against the two nationals - Hla Htun Tin and Shwe Thein Maung. Shwe Thein Maung is alleged to have taken the cash from the group and said he would change it into yuan. Zaw Win Naing, one of the migrants from Yekaungchain village, said: "The...

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