The Myanmar Times
Tuesday, 26 May 2015
The Myanmar Times
The Myanmar Times

Private insurance slowly catching on, says deputy finance minister

Private insurance entered the market three years ago and has slowly been generating more business, according to deputy finance minister Dr Maung Maung Thein.

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Motorcycle repair shops dodge Yangon ban

Veterans of other Southeast Asian cities quickly notice the differences when visiting Yangon. The treed streets and heritage buildings mark the city as unique, and Shwedagon Pagoda, the city’s landmark, is a ready symbol of Yangon.

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Environmental and social standards await final approval to move forward

A major issue surrounding project implementation in Myanmar is the way environmental and social impact assessment (EIA/SIA) reports are conducted. Without clear legislation, many investment projects struggle to complete this critical step.

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Parliament pushes for financial institutions law this year

The enactment of the Banks and Financial Institutions Law of Myanmar has been delayed in parliament due to its complexity, sources said.

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Central Bank warns on USD speculation

The Central Bank of Myanmar warned currency speculators they will face legal action, as the market dollar-kyat exchange rate climbs well past the Central Bank’s official rate.

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Gold price inching up leads to jewellery sales

Gold prices may have taken a hit from the strengthening US dollar this year, but have shown signs of life over the past week, according to local businesspeople.

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Safeguard law to curb unfair imports planned

The Ministry of Commerce is preparing a law aimed at closing the widening trade deficit.

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South Korea’s Dongbu Insurance opens Yangon office

South Korean-based Dongbu Insurance has become the 16th international insurance firm to open a branch office in Yangon.

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Dawei economic zone on hold as private-sector partners negotiate benefit-sharing deal

The joint venture to develop the first phase of the industrial estate in Myanmar’s Dawei megaproject has been put on hold indefinitely.

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Developer warns against rumours on paused project

MARGA Landmark has issued a statement clarifying its mixed-use Dagon City One project and warned against what it calls critics spreading wrong information and engaging in groundless speculation.

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