The Myanmar Times
Tuesday, 28 April 2015
The Myanmar Times
The Myanmar Times

Foreign banks back after 50 years

The  first three foreign banks to operate in the country in over 50 years will open their doors this month, after receiving final regulatory approval from the Central Bank of Myanmar yesterday.

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Low-cost housing now much cheaper

A planned low-cost housing plan will sell units for between K7.5 million (US$7200) and K9 million, a departure from other recent government low-cost housing options which had been several times more expensive.

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Private sector not ready for 2015 economic area

The  country’s reforms are continuing and the economy is being opened to the world, but it may be too early for integration into the ASEAN Economic Community, according to experts.

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More people to take part in finance

The  government intends to raise by one-third the number of people with access to financial services, the Ministry of Finance announced on April 1.

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Five PSCs signed this week as process nears its end

Five  more Production Sharing Contracts have been signed so far this week between Myanma Oil and Gas Enterprise and international companies.

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Flow to start on legal wine imports

Wine  importers are preparing for the restart of legal flows of foreign tipple after the government unveiled a procedure to allow imports.

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DICA extends consultations for investment law

A government  body has extended the period of public consultations on the draft investment law until the end of April following complaints that the time allocated to consultation was too limited.

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Trade with Thailand strong despite closures, though smuggling persists

A Low-intensity conflict in areas of Kayin State has not reduced bilateral trade, with the latest Ministry of Commerce figures showing a recent upsurge in commerce with nearby Thailand.

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Dutch queen promotes financial inclusion

Queen  Máxima of the Netherlands pushed for greater financial inclusion yesterday, making the case it will be central to making a lasting leap forward for Myanmar and the current generation stands to be the first to benefit.

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Fruit jam makers face challenges to grow exports

Jam  is big business in the domestic market, but exporters are having trouble selling the fruit-based delicacy abroad.

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