The Myanmar Times
The Myanmar Times

SEAOP says safety measures in place for oil tankers

As oil tankers have arrived at the deep sea port in Made Island to operate the Myanmar-China crude oil pipeline project, preventive measures for potential hazards have been put in place, China National Petroleum Corporation (CNPC) and Myanmar government officials said.

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Oil spill preventive measures for Myanmar-China pipelines urged

The Myanmar-China Pipeline Watch Committee has called for measures to prevent oil spills along oil and gas pipelines that stretch from Made Island in the Rakhine State to China, as oil pipeline operations began earlier in the month.

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Tanintharyi tourism committee seeks IFC infrastructure support

A tanintharyi development committee, operating under the tourism ministry and chaired by local tycoon Serge Pun, is seeking assistance from the International Finance Corporation (IFC) for the upgrade of infrastructure in Myeik archipelago to boost sustainable tourism, a committee member told The Myanmar Times.

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Planning and finance minister hints at favouring import substitution

The administration will focus on supporting the developments of local small and medium enterprises (SMEs) through measures such as tackling illegal trade, boosting export-oriented businesses and improving industrial zones, according to the vice president, the minister of the Ministry of Planning and Finance and Yangon Region’s chief minister.

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SMEs and businesses in need of access to foreign bank services

Businesses have long been calling for the government to open up the financial sector for foreign banks to operate. Doing so, they argue, will provide them wider access to capital and hence speed up the growth of local businesses.

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Gem Association to take part in Thai Fair

Gem merchants are going to take part in the Thai Gems Emporium in June.

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China buys up Myanmar’s entire mango export

China is buying up almost all of Myanmar’s mangoes produced this year, said U Nay Lin Maung Maung, chair of the Myanmar Fruit, Flower and Vegetable Producers and Exporters Association in the Mandalay Region.

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China and Myanmar to set up Border Economic Cooperation Zone

A JOINT-COMMITTEE for the establishment of China-Myanmar Border Economic Cooperation Zone would be formed within the year in a bid to boost border trade between the two countries, according to the Ministry of Commerce.

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Joint-venture granted licence to trade machine oil

MYANMAR Investment Commission (MIC) has granted a licence to Puma Energy Asia Sun (PEAS), said U San Myint, deputy director general from the Directorate of Investment and Company Administration (DICA). The licence allows the firm to conduct domestic retail and wholesale business for machine oil.

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Stakeholders unaware of Bayint Naung commodity market relocation plan

ON May 20, Yangon Region Chief Minister U Phyo Min Thein said that the regional government has a plan to relocate Bayint Naung commodity market to Watayar Industrial Zone and its outskirt areas, during a meeting with the business community. 

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