Friday, July 29, 2016
The Myanmar Times
The Myanmar Times

Showroom owners call for clear automobile import policy

Confusion over car import policy could put off foreign investors, showroom owners are warning. They say investors who want to introduce new vehicles are unable to do so because of frequent changes in the rules.

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Economic policy due soon: ministry

The Ministry of Planning and Finance is putting the finishing touches to its economic policy, which will be published “soon”, permanent secretary U Tun Tun Naing told The Myanmar Times.

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Myanmar consumers slow to adopt debit cards

Accustomed to cash, Myanmar’s small group of debit-card users is growing only slowly, according to bank officials, who say that bank cards are becoming more popular, but are mostly used to withdraw cash once a month, on payday.

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Thai firm to invest in Mawlamyine power plant

Thai firm Siamgas and Petrochemicals Public Company is investing almost US$50 million in a gas-fired power plant in Mawlamyine township, it said yesterday in a filing to the Stock Exchange of Thailand.

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Do you use a bank card or prefer to hold cash?

Tin Yadanar Tun takes to the streets of Yangon to find out whether Myanmar’s famous cash-based economy is becoming a thing of the past.

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High hopes for deserted trading town on Myanmar-China border

Last year, it was a ghost town. Racked by the fighting around Laukkai, Chinshwehaw’s once-booming economy, built on its location as a major trading camp on the border with China, had collapsed as workers fled and shops closed down.

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Two controversial tin mines suspended in southern Myanmar

Two tin mines in Tanintharyi Region have been suspended by the local government for failing to follow the Mining Law and causing environmental damage.

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New industrial law drawn up ahead of AEC

An industrial policy to bring Myanmar into the 21st century will be presented to parliament, with the aim of updating the law to equip the country to better compete in the ASEAN Economic Community.

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Township takes on military-run sulphuric acid factory

A township committee has refused to renew the operating licence for a military conglomerate-owned acid factory that civil society groups say is damaging local villagers’ health. But regional officials are unsure whether this will be enough to stop the plant operating.

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Switching trades in the rainy season

Rain or shine, life goes on and so does business, but many firms and their staff are adept at making the transition from wet to dry season and back again. They have to be. Take the velvet shoe business, for instance. Nobody wears velvet shoes in the rain.

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