The Myanmar Times
Thursday, 05 March 2015
The Myanmar Times
The Myanmar Times

Yangon electricity board to receive its first budget

Yangon City Electricity Supply Board (YESB) will have its own budget beginning April 1 as part of a government-wide process of professionalising state-owned firms.

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Shifting focus for energy policy

The national energy policy needs to be more transparent to provide more information and better focused on the populations’ needs, according to experts.

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No rice firms join latest race for China exports

The Myanmar Rice Federation’s second deadline of February 27 has passed for companies aiming for permission to export rice to China – but unlike in the first round, no bids were submitted, according to federation joint secretary U Soe Tun.

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Shelves run dry as alcohol pulled

Retail outlets removed imported liquor from their shelves last week in response to government pressure on importing foreign alcohol, according to industry sources.

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Small spike in taxi registrations

A publicity campaign by Yangon Supervisory Committee for Motor Vehicles to register taxis has had some effect, though there is a long way to go until the city’s estimated 55,131 taxis are registered, said committee chair U Hla Aung.

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Corporate rules need improving

Strong corporate governance is essential for companies to succeed on the Yangon Stock Exchange when it launches – and local companies have a lot to do to be up for the challenge.

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From bustling border town to ghost city

Chinshwehaw was once a bustling border town, among the most prosperous crossings in the country. Today it lies almost deserted, abandoned by Chinese business owners and migrant workers fleeing fighting between the Tatmadaw and the Myanmar National Democracy Alliance Army (MNDAA).

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Over 100 firms interested in servicing stock market

Over 100 companies have flagged their interest to take part in Myanmar’s first modern stock exchange, according to a senior official from the Myanmar Securities Exchange Centre.

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Anti-money laundering rules coming in April

Anti-money laundering rules and regulations are set to be introduced on April 1, one year after the law was initially passed, according to an official involved with the process.

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Enough gas directed to local market – for now

The government does not intend to increase the amount of natural gas allocated to the domestic market this year from the current supply of 300 million cubic feet per day (mmcfd) despite increasing demand, according to an official of the Ministry of Energy.

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