The Myanmar Times
Sunday, 05 July 2015
The Myanmar Times
The Myanmar Times

MIC approves 123 companies in the current fiscal year

Fifteen local and foreign companies were granted approval by the Myanmar Investment Commission (MIC) in June, taking the total number of companies approved this fiscal year to 123, according to U Aung Naing Oo, secretary of the MIC.

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Life Square to be IT retail hub at HAGL

The large HAGL Myanmar Centre near Inya Lake will be home to an electronics shopping mall, modelled after famous IT retailing hubs such as Tokyo’s Akihabara district and Thai retailer Power Buy.

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Europe rice standards still a challenge for millers

Myanmar has duty-free access to the European Union for nearly all its exports. This has been a particular boon to garments, but has also opened the door to the rice trade.

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Total addresses rights and security concerns

Concerns over security and human rights have caught up a number of companies in Myanmar, and are particular headaches for the extractive industry.

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Health insurance to begin as a tough sell

A Health insurance plan set out by the government is scheduled to start next month, though initial uptake may be show. Private insurers say the one-year test phase will be spent identifying whether it is viable and convincing consumers of its benefit.

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IMF team in country for annual economic, financial consultations

An International Monetary Fund (IMF) team is visiting Myanmar for its annual check-up on economic and financial policies, according to officials.

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Thailand’s Central Group in talks to bring Centara brand to Myanmar

The Central Group is in discussions with local companies with a view to bringing the Centara hotel brand to one or more of Myanmar’s major tourism destinations.

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Dutch not-for-profit supports small business

Some Mandalay enterprises are looking to foreign experts to assist with developing their businesses.

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DICA invites comment on draft Companies Act

The government has revealed a draft of its much-anticipated Companies Act, an update to a law that is over a century old.

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US banks stay picky on Myanmar transfers

American banks continue to hesitate on money transfers to and from Myanmar, despite the removal of most sanctions on finance in 2012 and 2013.

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