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Illegal massage parlours, Karaoke lounges not yet eliminated
The crackdown on illegal massage parlours and karaoke lounges will continue in the Yangon region, said Yangon regional minster for security and border affairs Colonel Tin Aung Tun. The colonel’s...
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US$2,541million invested in hotel and tourism sector
A total of 65 foreign investment projects have been permitted to invest US$2,541.091million in the hotel and tourism sector in a three-month period, according to the statistics of the Directorate of...
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Public transport to be prioritised in Yangon urban development plan
Changes are planned on the ground, on the water and on the rails. To improve public transport in Yangon, approximately eight public bus companies will be established, with Public Transport Control...
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Head of Myanmar’s City Mart eyes aggressive expansion, doubling outlets by 2020
YANGON — City Mart Holding, Myanmar’s largest retailer, is planning to expand aggressively as competition intensifies with the entry of foreign players into the domestic market. Win Win Tint, City...
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S Korea to Help Build Myeik Power Plant
The Myeik Public Corporation explained its plans to build a gas-fuelled power plant in partnership with the Korea-based KMPI Company in Kyunzu Township, Taninthayi Region, at a stakeholder meeting on...
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Top End Minerals Ltd on The Verge of Becoming a Zinc Producer, Shares Spike
Top End Minerals Ltd (ASX:TND) has acquired an option to purchase a 60% interest in the Longh Keng zinc mine and Lashio zinc refinery in Myanmar for US$43 million. The assets are held by Cornerstone...
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Rise in Car Insurance
There has been a spike in sales of comprehensive personal car insurance over the past year, according to local insurance industry representatives. Managing director of state-owned Myanma Insurance U...
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Myanmar Banks ‘Facing Five Key Challenges’
YANGON – MYANMAR’S HOPE of becoming an investment destination in Asean may fade away if the country fails to address five major challenges in its financial sector, experts said at the launch of a GIZ...
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Myanmar to Extend Business Visas to a Year
Myanmar plans to extend visas for international investors, experts and workers to six months or one year, said Union Minister for Labour, Immigration and Population Thein Swe. The minister revealed...
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Taxi Count Needed Before Industry Reform
The Yangon Region Transport Authority (YRTA) is undertaking a taxi census, as it attempts to rein in the largely unregulated industry. YRTA secretary U Maung Aung said a formal, standardised...
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Yangon Lifts Building Suspension
Yangon Region has permitted contractors to construct buildings with more than three floors after a five-month suspension, according to Yangon City Development Committee’s building department. In July...
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First Private Bank to Trade at YSX
First Private Bank will go public at Yangon Stock Exchange in December, said Dr. Sein Maung, the bank’s chairman. The First Private Bank made the announcement at its 9th Special Meeting and its 25th...
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If Trump Punishes China, Investors Could Seek Safety in Myanmar
Financial markets in Asia didn’t fancy the outcome of the US election. Markets fell on the news of the Trump victory, and despite a rebound the MSCI Asia Pacific Index was trading close to a one year...
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Govt Hunts Down Illegal Immigrants in Yangon
The Yangon authorities will investigate Ks 5,000 (US$3.8) shops to know whether they harbour illegal immigrants today (November 28), sources say. The operation began after Yangon Minister Zaw Aye...
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Myanmar Business Leaders Bullish on Future Under Suu Kyi-
TOKYO — Business leaders in Myanmar are confident in the country’s future under the National League for Democracy government headed by de facto leader Aung San Suu Kyi, although they say improvements...
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Social welfare minister mulls building garment factories in Rakhine
The Union Minister for Social Welfare, Relief and Resettlement Dr Win Myat Aye urged each and every individual to cooperate in the transparent implementation of laws, rules and regulations of the...
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Myanmar rubber price hits record high
With the global rubber price rising, Myanmar’s rubber price hit a one-and-a-half-year record high of Ks1,000 per pound, according to the Myanmar Rubber Planters and Producers Association. Myanmar’s...
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Mandalay: 107 restaurants and a hotel fined for not having stamp duty
The Internal Revenue Department fined the owners of 107 restaurants and a hotel who failed to bear the stamp duty in their sale vouchers in Mandalay for the period from April to September, 2016, said...
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License revocation for distilleries that breach rules on waste management
Distilleries that fail to adopt standards in discharging their waste water will have their licenses revoked, Deputy Minister for Home Affairs Maj-Gen Aung Soe said to the Pyithu Hluttaw Session...
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Myanmar fishery export market changes its destination
Myanmar’s fishery exporters made adjustments in their market after trade in Muse ground to a halt due to a series of attacksby ethnic armed groups in Shan State, merchants said. The prices of...
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