The Myanmar Times
Wednesday, 23 April 2014
The Myanmar Times
The Myanmar Times

Magazine market on verge of extinction

Myanmar's once-booming magazine market is shrinking fast, and many publications may be on the verge of extinction, industry experts say. The problems include the proliferation of TV channels, loss of advertising and an increase in postal rates that has decimated their foreign circulation.

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ADB president meets with U Thein Sein, pledges support

Asian Development Bank (ADB) president Takehiko Nakao pledged to continue supporting the development of Myanmar, while also pushing for more reforms in a variety of sectors during a meeting with president U Thein Sein and several government ministers earlier this week in Nay Pyi Taw, the ADB said in a release last week.

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Dangerous levels of mercury left for waste by gold miners

The gold mining industry is dumping an estimated 16.3 kilograms (36 pounds) of mercury – a dangerous and toxic mineral – into Myanmar’s waterways per day, from where it is entering the food supply and potentially poisoning the population, a former government official has warned.

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Hot weather riles up local poultry prices

Hot temperatures killing off livestock has forced local chicken prices up by more than double has the markets are receiving less supply, experts said.

 

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Building wealth accumulation plans for foreigners in Myanmar

Expats living in Myanmar you have access to some very favourable wealth accumulation plans which you will not see back home. Expats everywhere have access to these because they are structured internationally in tax havens and available from anywhere in the world.

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The Fine Print, Legal & tax insight:Important changes in tax law

Several laws have been passed recently that bring important changes to income tax, commercial tax and stamp duty effective 1 April.

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Onshore block signings delayed

Unexplained issues involving oil exploration and production have contributed to a months-long delay in the signing of contacts with international companies to exploit the country’s oil and gas resources.

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Tempered enthusiasm for the ASEAN economic community

For Chew Seng Kok, the ASEAN Economic Community (AEC) – set to launch in January 2015 – is not a nebulous concept too far off or too unwieldy to take shape.

 

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Central Bank sets sights on credit bureau

A new Financial Institutions Supervision Department will be formed under the auspices of the Central Bank this year to act as a credit bureau in a bid to increase credit access across the country, officials said last week.

 

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Ministry cuts export cancellation fees in effort to promote trade

In a move to cut red tape and facilitate overseas trading, the Ministry of Commerce has announced the abolition of fees for the cancellation of export licences.

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