The Myanmar Times
Thursday, 31 July 2014
The Myanmar Times
The Myanmar Times

Asian Wings, ANA deal cancelled

A planned partnership between All Nippon Airways and a private Myanmar airline, Asian Wings, has been cancelled because of concerns over the viability of the project, the two sides announced on July 30.

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Internet connection: Corporate website index released

Corporate websites provide a window to examine business practices, but their quality is still a mixed bag in Myanmar, according to a report by the Myanmar Centre for Responsible Business (MCRB).

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Trade gap to widen

The trade deficit will likely continue widening for two years as the government promotes infrastructure development and vehicle sales, requiring more imports, said Ministry of Commerce director U Win Myint.

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Thai investors eye opportunities

Thai businesses are continuing to eye Myanmar opportunities, downplaying concerns the country’s political situation may slow investment here.

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Gold miners fall behind on fees

Three large private mining companies owe hundreds of millions of dollars worth of in-kind payments to the Ministry of Mines, with the heated tender process of 2011 blamed for companies having made over-high pledges to secure sites.

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Auto part importers jostle for position

There are more cars on the road than ever before, but the supporting industries are not yet up to speed, say would-be auto part importers.

 

 

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Cash for clunkers drives price

Sale prices of made-in-Myanmar jeeps and other vehicles have jumped by up to 40 percent since the government started accepting the vehicles on July 14 in exchange for import permits, say car traders.

 

 

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Breaking the glass ceiling in a talent incubator

Program aims to help a group of women entrepreneurs tackle the obstacles and build the skills to start a small business

 

 

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Gas-fired plants to cut power shortages

Three gas-fired power generation plants are moving closer to being built, as Ministry of Electric Power (MOEP) officials evaluate bids for the projects.

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Firms slow to use GSP benefits

Take-up on benefits offered through the Generalised System of Preferences (GSP) has been limited, even though most countries involved in the market access program have extended benefits to Myanmar.

 

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