The Myanmar Times
Tuesday, 21 April 2015
The Myanmar Times
The Myanmar Times

Mining ministry takes five firms to court over annual fees

Five  small gold producers will be taken to court for not providing agreed-on amounts of gold to the government, according to U Aye Kyaw, a director at the Ministry of Mines.

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Central Bank raises exchange rate to meet the market price

The  Central Bank of Myanmar has rapidly increased its rate for US dollar-kyat conversion over the last week, nearly catching up with the market rate.

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Reclaiming the rice bowl title

Dressed in Chelsea football shorts and a wide-brimmed hat, U Than Tun toils away in his paddy field on the outskirts of Yangon, sweat pouring down his sinewy arms.

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Government extends one-third of K20 billion in SME loans

State-Owned  SME Development Bank has disbursed K7 billion (US$6.8 million) to 237 small and medium enterprises in 2014-15 fiscal year through a government program.

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DICA licences not enough to allow futures trading, official says

The  Directorate of Investment and Company Administration is registering companies to trade futures online, but it is not responsible for oversight of the business, according to deputy director Daw Nilar Mu.

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Onion farmers look to fill Bangladesh gap

Myanmar farmers could help fill Bangladesh’s onion gap, a leading trade official said this week.

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Vehicle importers call for end of taxes on consignment

Car importers are calling on the Internal Revenue Department to reduce the 3.5 percent tax levied on the payments for vehicles imported under a consignment system.

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Ministry to compete with fuel stations

The Ministry of Energy will re-enter the fuel retail market by conducting joint venture with an experienced foreign company, Minister of Energy director general U Pe Zin Tun said.

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Energy Planning Department gone with reorganisation

The Energy Planning Department has been abolished since the beginning of the financial year, with its duties to be taken up by other organisations with the Ministry of Energy, according to an official.

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Vietnam HAGL project loses Singapore partner

Singarpore's Rowsley Ltd has pulled out its 50% stake in HAGL Myanmar Centre, one of Yangon’s largest developments.

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