The Myanmar Times
Thursday, 24 April 2014
The Myanmar Times
The Myanmar Times

Joint venture deals no easy task in Myanmar, say experts

The process of collecting monthly accounting data, creating clear business units and traceable asset ownership are lengthy and complex – and a must for joint venture deals with international partnerships, experts said at a KPMG business forum on March 25.

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Timber trade reeks of corruption

Nearly three-quarters of Myanmar’s timber trade is illegal, according to figures released just days before the country-wide ban on log exporting came into effect.

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British Intl School set to open in Yangon

A new international school, teaching to UK standards, will open its doors to students in August, the British School Foundation (BSF) announced last week.

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The shipping news

Eliminating the current policy of mandatory cargo transfers at posts on the Myanmar-Thai border will save both money and time, say experts.

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India’s TATA International making a splash

"Bullish" is how TATA International country manager Sunil Seth describes his attitude to doing business in Myanmar.

 

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New Pepsi bottling plant opens

Pepsi-co and LOTTE-MGS Beverage Co announced last week that for the first time since 1997, Pepsi is being produced and bottled inside Myanmar. 

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CSOs sound alarm over EU investment treaty

A “one-way street” is how 78 Myanmar civil society groups have described the ongoing negotiations for an EU investor protection treaty that would provide scope for investor-state international arbitration.

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Illegal trade sees billions of dollars lost

Continued poor law enforcement at the borders and a lack of resolve on tackling illicit industries has resulted in rampant smuggling that could account for annual losses of up to half a trillion dollars, say officials.

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PTTEP’s gas project begins to show growth

Thailand-based PTT Public Company Limited (PTTEP) last week announced that its Zawtika project in the Gulf of Martaban has started producing natural gas and feeding into the domestic supply.

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Offshore block winners announced

The Ministry of Energy today announced the winners of the highly anticipated tender to explore gas and oil in 20 offshore blocks.


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