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

Myanmar eyes satellites to track aircraft

As international airlines fight to add new Myanmar routes and destinations the country’s airspace is becoming increasingly crowded. With an eye on safety the Department of Civil Aviation (DCA) is looking at switching to a space-based surveillance system to keep track of the rising number of foreign and domestic aircraft in the skies.

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Work on Thilawa ‘Zone B’ to begin after rainy season

The investors behind Myanmar’s first special economic zone will start accepting proposals for factories in second zone known as “Zone B” at the end of the rainy season, as both phases of “Zone A” near completion, with US$760 million in foreign investment committed to the project so far.

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Suzuki to open Yangon factory in 2018

Suzuki Motor Corporation is planning to expand its operations in Myanmar with a factory in Thilawa special economic zone that will start production in 2018, the company’s managing director said yesterday.

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Myanma Insurance raises rates for third-party vehicle cover

Myanma Insurance will raise its premium rate for third-party automobile cover from the start of August, along with its maximum level of compensation, its managing director said yesterday.

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ASEAN sugar producers form alliance

Myanmar has formed an alliance with six other sugar-producing countries in the region, with a view to improving cooperation and boosting trade, in preparation for the ASEAN Economic Community, which aims to create a single market for capital, goods, labour and services.

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Yangon Stock Exchange on the ‘right path’ despite trade slump

Trading on the Yangon Stock Exchange may have slumped, but the country’s new bourse is still heading in the right direction, according to a YSX official.

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State banks reluctant to trade USD

Myanmar's private banks have asked the country’s regulator to stop state-owned lenders hoarding US dollars, but officials at state-owned firms say they face barriers to letting more of their foreign exchange holdings flow into the interbank market.

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Frozen fruit and vegetable factory opens in Nay Pyi Taw

Myanmar Agri Foods Company has opened a factory in Nay Pyi Taw capable of producing up to 5000 tonnes of frozen fruit and vegetables for export each year.

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Bosch records double-digit sales growth

Technology and services firm Bosch group enjoyed double digit sales growth in Myanmar, with 70 percent of its sales from power tools, said local representative Andre de Jong.

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MATA calls for investigation into Shan State coal mine

A civil society alliance has asked the Shan State government to investigate a coal mine in Namsan township, after farmers claimed their land was confiscated by force without explanation.

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