The Myanmar Times
Monday, 24 November 2014
The Myanmar Times
The Myanmar Times

Permanent residence system taking shape

Foreign professionals, technicians, investors, former Myanmar citizens and spouses of citizens will be eligible for permanent resident status under a scheme to be unveiled later this month.

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Gov't to go after watered-down fuel

Filling stations could have their fuel licence withdrawn if they are caught selling substandard fuel or short measure, parliament heard last week.

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Foreign insurance firms to be allowed into SEZs

Foreign insurers will be allowed into Special Economic Zones in January, though the exact rules governing their operations are still being discussed, said deputy finance minister U Maung Maung Thein.

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Contract inked to improve Mandalay airport

Mandalay International Airport will receive an upgrade after two Japanese firms and a Myanmar-focused company signed a 30 year concession agreement to operate and rehabilitate the airport.

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Chinese stampede upsets markets

Hot capital outflows fleeing China’s corruption crackdown are finding a home in Myanmar assets like real estate, gems and jade

 

 

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Yangon Electricity Supply Board denies plans to invite private investment – for now

The Yangon Electricity Supply Board does not yet have concrete plans to allow private investment to take an equity stake in the business, though private firms are meeting with the board to look for opportunities.

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Taking timber firms public

Changes are planned for state-owned timber companies that could see them transition to public companies – though they will likely remain partially state-owned.

 

 

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The slow struggle to economic integration

The 10-member ASEAN bloc is still in its early stages, and bears some resemblance to the United States – in 1776 – according to David Carden, partner in charge of Asia at legal firm Jones Day and former US ambassador to ASEAN.

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U Thein Sein to grow ties

President U Thein Sein looked to strengthen business ties with regional economic heavyweights at the 25th ASEAN Summit, including pushing for international support for its ambitious Dawei special economic zone plan.

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Unseasonably late rain destroys paddy, beans

Farmers are being flooded out by heavy rainfall in early November, which in some areas has destroyed up to 30 percent of the rice and bean harvest.

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