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Construction labourers compensated for suspended high-rise construction projects
Construction staff and labourers received compensation in accordance with Labour Laws after the High-Rise Building Inspection Committee reviewed suspended construction projects. Several high-rise...
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Push to lure more luxury tourists to Myanmar
MYANMAR’S public and private sectors must join forces to turn the country into a popular destination for high-end travellers, as rich cultural and natural resources could boost tourism income from...
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Employment agencies demand relief from Malaysia visa fee hike
The Myanmar Overseas Employment Agencies Federation is attempting to clamp down on the sole visa-provider for workers headed to Malaysia. Last month, the federation requested the government wrest back...
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Meliá Yangon Hotel Opens in Myanmar
YANGON, MYANMAR — Meliá Hotels International has opened the Meliá Yangon, the first hotel operated by the brand in the country and a strategic project for its expansion strategy in the Asia Pacific...
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With Sanctions Eased, US Sees Economic Potential in Myanmar
STATE DEPARTMENT — U.S. officials are looking to boost economic engagement with Myanmar, a country that has been dubbed by some as “the final frontier” because it is one of the last markets largely...
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Myanmar: 45 Million Mobile Phones And The $19 3G Smartphone – Forbes
The photo above shows a shiny new $19.44 smartphone for sale in Yangon. When I saw this in small corner shop on Anawrahta Road near Pansodan a few weeks ago, the 23,000 kyat (at 1,183 kyat/US$1)...
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The Key to Jumpstarting Myanmar’s Economy: Electricity
It’s no secret that the National League for Democracy (NLD) faces myriad challenges in improving Myanmar’s socioeconomic situation. In fact, its biggest challenge might be deciding which issues to...
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Two casinos in Taninthariyi under government scrutiny
Two casino resorts in Tanintharyi Region’s southernmost Kawthoung township are on a regional government watch list, the chief minister told The Myanmar Times during an interview in Dawei last month....
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Public buses and taxis lack full insurance
Long-distance buses – including those that ply the notorious “Death Highway” between Yangon and Mandalay – lack sufficient insurance coverage, insurance officials say. They have embarked on a campaign...
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New customs system scheduled for November
The government aims to have an automated cargo clearance system adopted by all customs departments in Yangon by November, before possibly extending the program to the country’s land border points, an...
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YESC aims to ensure 1,400 megawatts of power supply next year
THE Yangon Electricity Supply Corporation is planning to increase power supply to 1,400 megawatts next year, said YESC General Manager U Thant Zin at a press conference in Nay Pyi Taw yesterday. The...
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Myanmar to ease restrictions on foreign investors
Reforms to Myanmar’s corporate law would allow foreigners to participate in the Yangon Stock Exchange. YANGON — Myanmar is determined to pass by the end of the year a series of bills designed to ease...
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Electric car imports suspended
The import of electric cars to showrooms and the automobile expo will come to a halt starting in early May because there is virtually no demand for the electric cars, said a businessman who is engaged...
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Myanmar’s United Paints Group adopts modern software system
FPT Information System (FPT IS), together with ACE Data Systems, last month announced the successful implementation of the SAP® Business Allin- One solution for United Paints Group (UPG), the leading...
View ArticleMyanma Railways Open Tender. Closing Date 2 Nov 2016
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Yangon developers asked to provide own power
Developers in Yangon will have to install transformers to power new buildings that use more than 30 kilowatts of electricity, according to Yangon’s electricity supplier, which is hoping the measure...
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YESC targets 1400 megawatts for Yangon
Yangon’s electricity supplier is hoping to increase power distribution in the blackout-plagued commercial capital to 1400 megawatts by next year. “In the coming year, we expect 1350 or 1400...
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Beer station profits slump as pumps close
Some Yangon beer stations are still flouting a long-ignored law against selling draught beer without a special licence, which local authorities recently started trying to enforce. Those that have...
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Local firm plans Daewoo bus factory in Yangon
Myanmar Coach Centre, the local distributor for Daewoo buses, plans to build a factory in Yangon that could start producing coaches and city buses by 2018, its managing director said. The company,...
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Myanmar foreign investment drops as democracy transition inspires caution
Aug 12 Myanmar’s democratic transition instilled caution in investors, with foreign direct investment during the first four months of the government led by Aung San Suu Kyi dropping sharply from a...
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