The Myanmar Times
Saturday, 02 August 2014
The Myanmar Times
The Myanmar Times

List of foreign banks through to next round revealed

The Central Bank of Myanmar released the names of 25 foreign banks which have progressed to the next round in the bid to be licensed, according to a July 15 news release.

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Mandalay mayor mulls prohibited building’s fate

The Saittara Mahi development currently contravenes Mandalay's zoning requirements, and mayor U Aung Maung says he may force some changes at the construction site.

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MPT, KDDI to sign operating agreement

Myanma Posts and Telecommunications and Japanese telecom firm KDDI will tomorrow sign a joint operating agreement, sources have confirmed.

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Sustainable palm oil: Fact or fiction?

The palm oil sector may be set for a take-off in southern Myanmar, but experts are divided on whether the controversial crop can be sustainable in the long term.

 

 

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Stock market plans hit by weak corporate governance levels

Coorperate governance could be the largest barrier to setting up a robust capital market centred on a planned 2015 stock exchange, according to experts.

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Losses mount at state industry

The Thar Paung Paper and Pulp Mill is one of many unsuccessful state–owned factories that might be better off privatised, according to Amyotha Hluttaw member U Khin Shwe.

 

 

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Central Bank to ease branch restrictions

The Central Bank of Myanmar is planning to make it easier to open bank branches, according to sources in the industry.

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Changing fortunes with lottery’s smaller prizes

The state lottery will make it easier to win smaller prizes, though its K150 million (US$153,000) monthly jackpot prize will stay intact, said U Thein Naing, Yangon-based director of the State Lottery Department.

 

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Tough for firms to meet changed customs rules

Changes to the 1878 Sea Customs Act will require import and export business to have accounts available for the previous seven years, drawing criticism from businesspeople who say many firms do not have accurate records dating back so far.

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Halted jade mines to restart

The Ministry of Mines will open four jade mines in Kachin State at the end of the monsoon season, according to a ministry announcement on July 7.

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