The Myanmar Times
Sunday, 29 March 2015
The Myanmar Times
The Myanmar Times

Criticism dogs Myanmar Rice Federation’s China choices

The Myanmar Rice Federation’s choice of companies that will be registered for legal exports to China is receiving criticism from small-scale players as well as large businesses.

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Kengtung coal plant on despite complaints

A controversial coal-fired power plant in Kengtung, eastern Shan State, will move ahead despite opposition from local residents and claims from senior officials that coal plants are on hold.

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Stock exchange service providers face staffing trouble

The Yangon Stock Exchange is slated to start by October, though the securities industry faces a shortage of skilled workers, according to experts.

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Exchange gap widens

The official reference rate for dollar-kyat exchange maintained by the Central Bank of Myanmar and the rate charged by unofficial moneylenders are increasingly diverging.

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Success brings its own trouble for Yangon getaway

Catering to holidaymakers when the sun is shining, then returning to a former job in the rainy season means two income streams for most families living at Yankin Tha riverfront.

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Airlines operate with new challenges

A new set of challenges faces the domestic air industry, as the number of airlines grow and ASEAN Open Skies is set to fully kick in later this year, according to deputy transport minister U Zin Yaw.

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Vast agribusiness concessions mask unprecedented deforestation: report

Myanmar has embarked on an unprecedented campaign of land and forest clearance driven by concessions for large-scale, private agribusiness projects, mostly in contested border territories close to China and Thailand, according to a report released yesterday.

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Central Bank plans change to reserve requirement rate

The reserve requirement rate is set to change in the 2015-16 fiscal year, though commercial banks are concerned about how it will play out.

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Yoma receives MIC nod for Landmark extension

Singapore-listed Yoma Strategic Holdings received a letter from the Myanmar Investment Commission stating it has approved a lease extension for the firm’s large Landmark Development, according to a statement issued yesterday.

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Entrance fees to be removed for most of Yangon’s park entrances

Several of the city’s most famous parks will be free to all comers beginning on April 1, though those which are privately owned will charge for now, said U Ko Ko Lin, head of the Department of Playgrounds, Parks and Gardens at Yangon City Development Committee.

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