Wednesday, February 10, 2016
The Myanmar Times
The Myanmar Times

Shan State officials seek new route for China trade

Shan State officials say they are planning to conduct surveys for a new road that would divert traffic from one of Myanmar’s main trading routes and open up business with China.

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Tycoon pushes tourism in recently peaceful Taungoo

One of Myanmar’s most successful tycoons is hoping to bring tourism to his home town of Taungoo and the surrounding area, which had been off- limits to visitors for many decades due to conflict between the Karen National Union and the Tatmadaw.

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Bago Region int’l airport framework deal signed

The consortium building a major new international airport in Bago Region known as Hanthawaddy International Airport has inked a framework agreement with the Department of Civil Aviation (DCA), in a move that brings the companies closer to breaking ground.

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Yangon Stock Exchange weak on corporate governance rules: observers

While globally an initial public offering usually means throwing the doors to your company wide open and letting investors poke around, industry observers say the Yangon bourse has not gone far enough on provisions for transparency.

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AYA Bank opens underwriting business, eyes IPO

AYA Bank has officially launched its new underwriting business, AYA Trust Securities Company, and is planning to make its own IPO further down the line, the group’s chair said.

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Mandalay pumps may overcharge: association

Nearly 1300 filling stations in Mandalay Region could be overcharging motorists, say regulators. Myanmar Petroleum Trade Association deputy chair U Kyaw Kyaw told The Myanmar Times yesterday that filling station operators who were not members of the association were not bound by prices fixed for members.

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Rubber farmers struggle as prices fall

At Shwe Kokko Myaing’s rubber plantation in Myawady district, crowded trees stretch endlessly on either side of the road. The workers live in old dwellings by the roadside.

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Report highlights Myanmar’s aquaculture potential

A new report on Myanmar’s inland fish farms highlights a number of issues preventing the industry from reaching its potential, including land use regulations and a near-monopoly on feed.

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Parliament passes Financial Institutions Law

After years of back and forth, the Banks and Financial Institutions Law of Myanmar has been passed by parliament and is now awaiting the president’s signature, with banks to face more stringent rules on raising paid-up capital and on reserve requirements.

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FMI swaps share certificates for digital accounts

First Myanmar Investment (FMI), owned by businessperson Serge Pun, has asked its shareholders to open digital accounts, ahead of the company’s planned listing on the new Yangon Stock Exchange later this year, officials said.

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