Tuesday, May 31, 2016
The Myanmar Times
The Myanmar Times

Car sales centres to be standardised

In a further step to bring order to the world of car sales centres, the Yangon Supervisory Committee for Motor Vehicles has laid down standard rules to be applied during the course of this year, said committee spokesperson U Myint Cho.

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Yangon government surveys industrial land speculation

Yangon Region government is taking a fresh stab at dampening land speculation in the city’s industrial zones in the hope of freeing up thousands of vacant plots to be developed into factories.

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Ministry asks for release of vehicles held at ports for business and religious use

With thousands of vehicles held up at Yangon’s ports due to confusion over the new government’s import policies, the commerce ministry has asked the local government to allow cars to be imported for business or religious use.

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Handmade brick companies forced out of business

Handmade brick companies are going out of business, starved of skilled labour and turfed out of expensive premises, industry experts say. Once popular with builders, handmade bricks are increasingly being replaced by machine-made products, particularly on large construction sides.

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Yangon govt targets ‘failing’ power firms

Regional officials say they will investigate performance at private electricity providers and if necessary, cancel contracts signed by the former government, as frequent power outages continue across Yangon and frustrations are vented through social media.

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DICA halves registration fees for private companies

The Directorate of Investment and Company Administration has announced wide-ranging changes to company registration fees that will make life easier for start-ups while raising the bar for public companies.

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Emergency measures passed to free up trade at Yangon ports

Customs teams at Yangon’s ports will now operate 24 hours a day, the Union of Myanmar Federation of Chambers of Commerce and Industry said yesterday, as the industry body works with private sector groups to solve logistics problems that have significantly held up trade.

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Betel leaf prices double after drought, storms

Dramatic changes in weather have sent the price of betel leaf soaring by almost three times since April according to wholesale sellers who have been forced to cut back their stock while hawkers say they are struggling to make their usual daily wage.

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Commerce minister talks food security, sanctions and smuggling

As government departments and state and regional chief ministers set out their plans for the next 100 days, The Myanmar Times spoke to Commerce Minister U Than Myint about his efforts to expand international trade, raise quality standards, develop relations with neighbours and combat smuggling.

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Death of rental book stores as readers switch to smartphones

Rental book shops may be losing the battle for young customers to the pull of social media, online gaming and the vast expanse of the internet.

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