The Myanmar Times
Thursday, 03 September 2015
The Myanmar Times
The Myanmar Times

Incentives needed to legalise business, says DICA chief

Incentives are needed to encourage businesses to legalise, as demonstrated by the fact that Myanmar has the lowest number of registered businesses of all the countries in Asean.

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Taking stock of small and medium businesses: report

Policy banks offering subsidised loans to small and medium-sized businesses still have significant unused capacity for financing, said an Asian Development Bank (ADB) report

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Border trade tops $2.4 billion: official

Trade between Myanmar and its four neighbouring countries has reached US$2.48 billion this financial year to date, a Ministry of Commerce official told The Myanmar Times.

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British gold mining firm pulls out of Myanmar

Aurasian Minerals has withdrawn its application for three gold and minerals exploration permits in Myanmar, citing a slow approvals process.

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Drivers to be fined for carrying goods without licence

Car owners who want to use their vehicles for transporting goods will need a commodity-specific license or risk being fined.

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Master plans drawn for 56 towns

Master plans for 56 towns across Myanmar have been completed, according to an official at the Ministry of Construction.

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Informal cash flows threaten kyat policy

An increase in informal cash flows poses a challenge to domestic monetary market stability, leaving the kyat exposed to movement in international currencies, say experts.

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Gems and minerals bank to register in September

The creators of a new bank to service the gems and minerals sector will apply for a licence this month, spokesperson U Thet Naing told The Myanmar Times.

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Muse traders flout rice exports ban

Despite a ban on rice exports as Myanmar struggles to recover from a nationwide flooding disaster, traders are continuing business at the Muse border with China.

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MEPE calls tender for gas-fired power

Myanma Electric Power Enterprise (MEPE) has issued more tenders for independent power producers to build gas-fired power plants in Yangon and Myingyan, according to an official.

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