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Earthquake highlights need for rigorous protection of Bagan temples
BAGAN’s famed pagodas appear to be the greatest casualty in the tourism sector after a powerful magnitude 6.8 earthquake struck central Myanmar on Wednesday. The US Geological Survey said the quake...
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Contractors band together for industry body
The number of licensed contractors in Yangon has increased sharply in recent years, and with authorities eager to make sure the construction industry follows strict regulations the city’s contractors...
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Residents encamped along highway vow to return if evicted
Defiant residents have laid down a challenge to the Yangon Region government: If you evict us, we will return. The squatters insist they will not be driven from their homes because they have nowhere...
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Yangon real estate bodies take aim at unlicensed foreign firms
Illegal foreign-run real estate agencies are “snatching” work from licensed agencies, real estate professionals are complaining. They say the influx of foreign investors and companies and the boom in...
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Five garment companies get MIC approval
The Myanmar Investment Commission gave the green light to five garment companies that will operate under cut-make-pack systems at its meeting on August 26. The companies are Myanmar Sumec Win Win...
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Import costs for vehicles below 1350cc engine power set at US$5,000
New Cost, Insurance and Freight (CIF) values for imported automobiles with below 1350CC engine power will be set at US$5,000 starting next year, it is learnt from the Customs department. This action...
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Industrial zones deal with electricity challenges
The industrial zones which are currently operational are faced with an insufficiency of electricity, even though there are new industrial zone projects being opened across the nation, said...
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KFC to open new branch in Mandalay within six months
The world-renowned Kentucky Fried Chicken (KFC) fast-food restaurant chain plans to open a new branch in Central Myanmar within six months, it is learnt. KFC has already opened several branches in...
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Taiyo Nippon Sanso to turn out industrial gases in Myanmar
TOKYO — Taiyo Nippon Sanso will begin producing industrial gases in Myanmar in 2018 as demand looks to expand. The gas producer will establish a local affiliate within the year and bring in equipment...
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Ambitious target set for upcoming bond auctions
The government has set an ambitious target for its upcoming Treasury bond auctions next month, aiming to sell about K1.85 trillion (US$1.53 billion) in debt, to account for 60 percent of its domestic...
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Wagyu beef hits Myanmar shelves
Finding quality cuts of beef in a Myanmar grocery store has long been a challenging endeavour. But as of August 26, authentic Japanese wagyu beef is appearing in IKON Marts for the first time –...
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Myanmar transportation, infrastructure weakest in Southeast Asia: World Bank
Myanmar has the weakest transportation and infrastructure in Southeast Asia, according to a report by the World Bank Group. Myanmar ranked 137 among 160 countries in the transportation index in 2014,...
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Hydropower working group launched in Myanmar
The International Finance Corporation and more than 100 members of Myanmar’s private hydroelectric power sector have launched a new working group to help “influence policy and identify solutions to...
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Regional government to install 796 CCTV cameras around Yangon
The Yangon Region government plans to install 796 CCTV cameras, including 154 modernised traffic lights, said Police Lt-Col Aung Ko Oo from the No 2 Traffic Police Force. Myanmar Shwe Yin Company will...
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FDI in Myanmar hotel and tourism projects soar to US$2,918.5252m
Foreign direct investments (FDI) in Myanmar hotel and tourism projects soared to US$2,918.5252 million, it is learnt from the Ministry of Hotels and Tourism. Currently, there are 52 hotel projects in...
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Over 2,000 low-cost apartments to be sold in eight-year instalments
Over 2,000 low-cost apartments in Yangon can be purchased under the Hire-Purchase system in September and those who do not own house will be given priority. The Department of Human Settlement and...
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Savvy investors snap up land near Kyaukphyu SEZ
There has been a recent surge of investors buying up plots of land in Minbya Township and along the stretch of the Zin Kyaung river, both in close proximity to the Rakhine State’s Kyaukphyu Special...
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KBZ Bank crowned Finance Asia’s ‘Best Bank in Myanmar’
Kanbawza Bank was named “Best Bank in Myanmar” by London-based Finance Asia at the awards ceremony of “The Finance Asia: Country Awards for Achievement 2016” held in Singapore yesterday. Organisers...
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Yangon bus committee plans PPP transformation to operate new lines
The Yangon Region Bus Control Committee is forming a public-private partnership (PPP) company and has applied to be one of several such firms that will run bus lines as part of an overhaul of the...
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