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Central bank may intervene to stabilise exchange rates: Vice governor

[vc_row][vc_column][vc_column_text] [caption id="attachment_4630" align="aligncenter" width="840"] Nyan Zay Htet/The Myanmar Times[/caption]   The Central Bank of Myanmar (CBM) is planning to take additional measures to further stabilise the foreign exchange market, vice governor U Soe Min said in Parliament on Monday.   The new measures may include it intervening in the...

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Thandwe in Rakhine to receive international-airport status

[vc_row][vc_column][vc_column_text] [caption id="attachment_4628" align="aligncenter" width="840"] Visitors arrive at Yangon International Airport. Shin Moe Myint/The Myanmar Times[/caption]   The government has approved the upgrade of a local airport in Thandwe, Rakhine State to international status, said U Kyaw Aye Thein, Rakhine State Planning and Finance Minister.    The decision was made...

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Skirmishes prompt concerns, debate over major railroad project

[vc_row][vc_column][vc_column_text] [caption id="attachment_4625" align="aligncenter" width="840"] Construction work on railway line in Myanmar. Nyan Zay Htet/The Myanmar Times[/caption]   Investor interest in building a railway project linking Mandalay to Muse, the largest trading post between Myanmar and China, is expected to wane due to security challenges along the border,...

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Malaysian investors attracted to Myanmar despite rift over Rakhine

[vc_row][vc_column][vc_column_text]Investors from Malaysia say they are attracted to Myanmar’s agriculture and other industries despite the rift between the two governments since the northern Rakhine crisis.   “Malaysian businesses are keen to invest in sectors such as technology, construction, manufacturing, and service in Myanmar. They showed extra interest...

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