Business The Myanmar Times has the latest news from across Myanmar. Sun, 19 Apr 2015 01:45:31 +0630 en-gb Mining ministry takes five firms to court over annual fees Five  small gold producers will be taken to court for not providing agreed-on amounts of gold to the government, according to U Aye Kyaw, a director at the Ministry of Mines.

]]> (Aung Kyaw Min) Business Fri, 10 Apr 2015 04:00:00 +0630
Central Bank raises exchange rate to meet the market price The  Central Bank of Myanmar has rapidly increased its rate for US dollar-kyat conversion over the last week, nearly catching up with the market rate.

]]> (Myat Nyein Aye,Tin Yadandar Htun) Business Fri, 10 Apr 2015 04:00:00 +0630
Reclaiming the rice bowl title Dressed in Chelsea football shorts and a wide-brimmed hat, U Than Tun toils away in his paddy field on the outskirts of Yangon, sweat pouring down his sinewy arms.

]]> (AFP) Business Thu, 09 Apr 2015 04:00:00 +0630
Government extends one-third of K20 billion in SME loans State-Owned  SME Development Bank has disbursed K7 billion (US$6.8 million) to 237 small and medium enterprises in 2014-15 fiscal year through a government program.

]]> (Ko Ko Aung) Business Thu, 09 Apr 2015 04:00:00 +0630
DICA licences not enough to allow futures trading, official says The  Directorate of Investment and Company Administration is registering companies to trade futures online, but it is not responsible for oversight of the business, according to deputy director Daw Nilar Mu.

]]> (Kyaw Phone Kyaw) Business Thu, 09 Apr 2015 04:00:00 +0630
Onion farmers look to fill Bangladesh gap Myanmar farmers could help fill Bangladesh’s onion gap, a leading trade official said this week.

]]> (Khin Su Wai) Business Wed, 08 Apr 2015 04:00:00 +0630
Vehicle importers call for end of taxes on consignment Car importers are calling on the Internal Revenue Department to reduce the 3.5 percent tax levied on the payments for vehicles imported under a consignment system.

]]> (Aye Nyein Win) Business Wed, 08 Apr 2015 04:00:00 +0630
Ministry to compete with fuel stations The Ministry of Energy will re-enter the fuel retail market by conducting joint venture with an experienced foreign company, Minister of Energy director general U Pe Zin Tun said.

]]> (Htoo Thant) Business Wed, 08 Apr 2015 04:00:00 +0630
Energy Planning Department gone with reorganisation The Energy Planning Department has been abolished since the beginning of the financial year, with its duties to be taken up by other organisations with the Ministry of Energy, according to an official.

]]> (Aung Shin) Business Tue, 07 Apr 2015 04:00:00 +0630
Vietnam HAGL project loses Singapore partner Singarpore's Rowsley Ltd has pulled out its 50% stake in HAGL Myanmar Centre, one of Yangon’s largest developments.

]]> (Myat Nyein Aye, Jeremy Mullins) Business Tue, 07 Apr 2015 04:00:00 +0630