The Myanmar Times
Friday, 22 August 2014
The Myanmar Times
The Myanmar Times

Telenor addresses underage labour

Telenor has found 19 confirmed and suspected cases of underage labourers in its supply chain as part of its ongoing sustainability initiatives, according to Telenor Myanmar CEO Petter Furberg.

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UPS comes calling with freight forward services

United States-based logistics and shipping firm UPS announced the introduction of its freight forwarding services to and from Myanmar on August 19.

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PwC fined for scrubbing reports on sanction violations

New York state fined accounting firm Pricewaterhouse Coopers US$25 million and suspended some consulting work for two years after finding the company hid a Japanese bank's US sanctions violations.

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Controversial oil pipeline not yet pumping

There is no start date in sight for the controversial South East Asia Crude Oil Pipeline (SEAOP), although construction work has been nearly finished for almost a year.

 

 

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Timber tender to feed domestic sawmills

Thoundsands of tonnes of timber will become available in Yangon and Mandalay Region as the government announced a large tender to process and export the already felled logs.

 

 

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UMFCCI annual meeting tame compared to last year

The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) held its annual meeting last week without the public opposition by some of its members to financial results that took place in 2013.

 

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Canadian embassy comes to town

The newly opened Canadian embassy in Yangon may not have the size of the large US embassy on University Avenue or the prominence of the Australian and United Kingdom’s buildings on Strand Road, but officials hope it will help strengthen relations between the two countries.

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MAPCO to receive large loan from Singapore-based UOB

Leading agribusiness company MAPCO has been offered a second loan from Singapore-based United Overseas Bank to develop a port terminal and agribusiness plant near the Thilawa special economic zone.

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Border business district looks to mimic Chinese success

Muse is looking to China’s economic success for inspiration for its K50 billion central business district project, according to its member of parliament.

 

 

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Notices coming to businesses dodging licenses

More than 2000 businesses have not extended their licences for the 2014-15 fiscal year in Mandalay city, according to local officials.

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