Thursday, September 29, 2016
The Myanmar Times
The Myanmar Times

UMFCCI elects a new president

The head of the Myanmar Industries Association, U Zaw Min Win, is the new president of the Union of Myanmar Federation of Chambers of Commerce and Industry, following a long-drawn-out election on September 17.

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Emerging industry in Kyauktan to receive boost from World Bank funding

Things are looking up for Yangon’s rice bowl. Residents of Kyauktan township, Yangon Region, have begun to look forward to a future in which agriculture alone is not the centre of their lives. Part of the reason is funding from the World Bank.

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Air Asia eyes flights to Bagan with tourism increases

Air Asia says it’s eying a restart of flights to Nay Pyi Taw from Bangkok and has plans to soon fly to Bagan from the Thai capital as Myanmar becomes a more attractive destination for tourists, a senior official at the budget airline said last week.

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New US trade preferences highlight challenges for Myanmar exporters

Myanmar’s business sector has welcomed US plans to lift almost all remaining sanctions against the country and reinstitute special trade preferences, but some industries could find it hard to take advantage of the new environment.

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YCDC eyes business district development in Yankin

A Yangon City Development Committee proposal to establish a business district in Yankin township has been met with mixed responses from local developers, with one firm suggesting the area is already too densely populated and would be better suited to residential development.

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Car importers call for clarity from MoC

Car importers are calling on the Ministry of Commerce to clarify its policy, as thousands of unsold vehicles brought in under the consignment system sit in limbo with brokers set to lose out.

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Govt reforms will see foreign investment flow into Myanmar: Finance Minister

With government reforms gaining traction, Myanmar is increasingly becoming an attractive place to do business, the country’s finance minister has told an international investment forum.

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UMFCCI keeps rules strict on proxy votes

Myanmar’s top business body – the Union of Myanmar Federation of Chambers of Commerce and Industry – has settled a hard-fought internal argument over proxy voting, just days before the organisation holds a triennial election.

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Business community pins sanction hopes on State Counsellor’s visit to US

With State Counsellor Daw Aung San Suu Kyi set to meet US President Barack Obama in Washington today, many in Myanmar’s business community will be watching closely. The two are set to discuss US sanctions that have been in place for decades, and that investors are rearing to have removed.

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Transparency watchdog calls for jade sanctions to remain

Premature rolling back of sanctions could risk undoing progress made so far in Myanmar’s democratic transition, resources watchdog Global Witness has warned, urging that targeted sanctions on the corruption-riddled jade industry remain in place.

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