Tuesday, May 03, 2016
The Myanmar Times
The Myanmar Times

Chinese firm to restart Myanmar’s only coal plant

A Chinese company is upgrading Myanmar’s only coal-fired power plant, with a view to resuming operations in late May according to officials from the Ministry of Electricity and Energy.

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Heavy rain destroys mango farms

Unseasonal storms last week that killed at least eight and destroyed thousands of houses have dashed the hopes of mango farmers by destroying swathes of farmland just as the export season begins for Myanmar’s most sought-after fruit.

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First Public Expenditure Review delves into state-spending

Myanmar's government has published its first ever Public Expenditure Review, which details recent ramp-ups in health and education spending and outlines a range of challenges to improving public spending.

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Rakhine traders ask funding for Bangladesh border zone

Rakhine businesspeople are asking the Union government to provide more than K1 billion to allow them to complete a trading zone on the border with Bangladesh by the end of the year.

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Yangon chief minister to strengthen tax system

The Yangon Region chief minister has outlined plans to strengthen the city’s taxation system by examining weaknesses in local business audits.

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Myanmar offshore exploration continues despite low oil prices

The exploration activities of international oil companies in Myanmar offshore are continuing as normal despite crude oil prices falling over 60 percent globally since mid-2014.

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Commerce minister to boost trade and target smuggling

The Union Minister for Commerce aims to triple the value of trade within his five-year term and will focus on promoting exports to help reduce the country’s widening trade deficit, as well as tackling smuggling networks to formalise illegal trade.

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CBM to monitor Myanmar investment overseas

The Central Bank is hoping the new government will support a law that requires all residents with overseas bank accounts to submit regular reports to the monetary authority, which would allow it to collect better data on capital flows, offshore holdings and Myanmar investment overseas.

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Second YSX listing delayed until May

Myanmar Thilawa SEZ Public (MTSH) will not list its shares on the Yangon Stock Exchange until the second week of May at the earliest, according to bourse officials, having initially targeted mid-March.

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US begins importing Myanmar catfish

Myanmar traders are allowed to export catfish and other siluriformes to the United States for an 18-month period, as the Food and Drug Administration transfers regulatory control of the industry to the Department of Agriculture’s Food Safety and Inspection Service.

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