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MTE to resume timber extraction from Taninthayi mountains
Caption: The Taninthayi mountain range where MTE will resume its timber extraction. Myanma Timber Enterprise will resume its activities to extract 17,000 tonnes of timber from Taninthayi mountain...
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Dry port sets hopes on Belt and Road
The country’s first dry port will be built near Myitnge, in Amarapura township, Mandalay Region, and join the Belt and Road network, said U Myo Win, general manager from Myanma Railways (Upper...
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Promise and hurdles for foreign investment in Myanmar
Having keen observer and participant in the Myanmar’s transition since socio political changes commencing in 2011, it came as no surprise to those that know me, when I wrote a number of articles on...
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Myanmar Authorities Level Homes of Yangon ‘Squatters’ to Make Way For...
About 200 Myanmar police officers and 1,000 hired hands on Monday dismantled 4,000 squatters’ homes and arrested five residents in a township in the commercial capital Yangon under orders from the...
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Mobile Money Flourishing in Myanmar
YANGON — For a population used to carrying wads of cash stuffed in pockets, purses and wallets, mobile money has the potential in Myanmar to dislodge paper as the main means to make payments and...
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Myanmar Readies Reforms to Liberalize Insurance Market
NAYPYITAW — Myanmar intends to release within three months a blueprint for insurance market reforms that include allowing foreign insurers to underwrite and sell policies, the head of state-run Myanma...
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Supporting SMEs, Manufacturing Locally and Operating in Underdeveloped Areas...
A top official from the Ministry of Commerce told an audience of foreign investors and businesses that foreign investments should be able to support SMEs, manufacture products in Myanmar and operate...
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MIC invites companies to submit proposals to build dry ports, bonded warehouses
Myanmar Investment Commission has invited companies to submit proposals to build dry ports and bonded warehouses on the other bank of the Yangon River, Planning and Finance Minister Kyaw Win has said....
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Insein GTI to reopen with German help
The 120-year-old Government Technical Institute (GTI) in Insein township, Yangon Region is set to reopen its doors once again and will teach technical and vocational subjects with the help of the...
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World Bank urges liberalisation of accounting and auditing sector
A New World Bank report has urged the government to finalise the statutory framework of the accounting and auditing sector and relax restrictions on foreign accountants and auditors to practice in the...
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Left behind in race by China, India tries to speed up Myanmar projects
NEW DELHI: Having missed several deadlines, and with China taking big strides, India is trying hard to speed up its infrastructure commitments in Myanmar. India’s tardiness in project implementation...
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Traders wish for negotiations with Chinese for blocked bank accounts
Traders want the State to enter into negotiations with the Chinese government over 1,000 bank accounts of Myanmar merchants which are frozen by Chinese banks, merchants said. The Chinese government...
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China freezes bank accounts of Myanmar companies
Three banks in Yunnan Province, China froze the bank accounts of over 100 Myanmar companies engaged in border trade last week over possible links to illegal internet gambling and smuggling, prompting...
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Lagunpyin Project to supply 40 million gallons of water to eastern district
Lagunpyin water supply project has a target to supply 40million gallons of water per day to townships of eastern part in Yangon and Thilawa Special Economic Zone, according to Yangon City Development...
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MCEA to Start Affordable Housing Construction
The Myanmar Construction Entrepreneur Association (MCEA), in cooperation with the government, will start building affordable housing units for low-income earners within this year, a senior association...
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Reducing Low-Cost Housing Instalment in The Works
Discussions are ongoing to reduce the initial 30-percent requirement to 20pc for low-cost housing instalments, said U Win Zaw, managing director of the Construction and Housing Development Bank. “We...
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Deposit rate reduction on gem purchases underway
Preparations are being made to scale down the euro deposit rate for gems purchased at the 54th Myanmar Gems Emporium in Nay Pyi Taw in order ease the purchase process, said U Tun Hla Aung, the...
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Twelve enterprises recently permitted by MIC
The Myanmar Investment Commission (MIC) permitted 12 enterprises which are in line with investment regulations and laws in the current fiscal year 2017-2018, according to a recent meeting of MIC. A...
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MIC expands amid reforms
The Myanmar Investment Commission (MIC) has been reorganised with three new members, according to a news release by the Directorate of Investment and Company Administration (DICA) on June 14. The MIC...
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Local Daewoo bus production for export
Myanmar Trade Center Co will roll out locally manufactured Daewoo minibuses from its Htauk Kyant factory in Yangon by the end of this year, said the firm’s executive director U Kyaw Kyaw Aung, in a...
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