The Myanmar Times
Tuesday, 22 July 2014
The Myanmar Times
The Myanmar Times

Smuggled cigarettes, alcohol beat the ban

Fake or untaxed alcohol and tobacco products are flooding the market as the Ministry of Commerce and importers face an impasse over planned import reform.

 

 

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MPT promises a new era with KDDI

Consumers have been told to look out for a “reborn” Myanma Posts and Telecommunications, following the July 17 marriage with Japan’s KDDI telco and Sumitomo Corporation.

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Change in owners as U Tay Za said to exit AGD Bank

Several prominent businesspeople have bought or sold stakes in Asia Green Development (AGD) Bank, as it prepares for listing on the planned Yangon Stock Exchange in 2015.

 

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StanChart, regional banks bow out

The list of foreign banks still pursuing licences was released by the Central Bank of Myanmar last week, and it was missing some notable names from the banking sector.

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ILO pushes for a more proactive UMFCCI

Business association ought to form positions and provide a platform for corporate voices, says International Labour Organisation official.

 

 

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British launch new Chamber of Commerce

The British Chamber of Commerce Myanmar launched on July 16 about a month after receiving government approval, becoming the latest business group to formally open its doors in Myanmar.

 

 

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Big plane purchase by Air Mandalay

Air Mandalay has placed an order with Mitsubishi Aircraft Corporation for six MRJ90 aircraft, becoming the first Asian carrier outside to Japan to order the jet, which is being jointly developed with Toyota.

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Bringing banks to the poor

With many living beyond the reach of financial institutions, experts grapple with the challenges of promoting financial inclusion throughout the country. 

 

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China lobbies to legalise rice trade

Chinese officials are pushing Myanmar businesses to lobby the government to legalise the bilateral rice trade, say officials from the Rice Federation.

 

 

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Chinese demand props up price of rice

Territorial tensions in the South China Sea between China and Vietnam are inflating rice prices in Yangon, merchants said last week.

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