The Myanmar Times
Thursday, 31 July 2014
The Myanmar Times
The Myanmar Times

The Fine Print, Legal & tax insight: How foreigners are barred from trading

It is well-known that foreigners are barred from engaging in trading activities: They are not allowed to buy or import goods in order to resell or export them.

 

 

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Can EITI membership make resource revenues transparent?

It can be easy joining groups: The challenge is in seeing the membership through.

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British firms invest in power sector

British companies have signed deals with local counterparts to invest in the electricity sector during a trip by Myanmar officials to London, according to an embassy announcement last week.

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Resource transparency group accepts Myanmar as candidate

Myanmar was approved as an official “Candidate” country with global resource transparency group Extractive Industries Transparency Initiative (EITI) at its board meeting in Mexico on July 2.

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Rare algae farms grow as harvests drop off

A rapid drop in spirulina algae harvesting in Sagaing Region has led to plans to double algae farming using brick tanks that function as artificial ponds.

 

 

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Trade-ins drive jeep demand

While factories producing Myanmar-made jeeps have mostly closed, demand for the iconic vehicle lives on – propped up in part by a government trade-in program.

 

 

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Govt aims to formalise phone imports

The vast majority of mobile phones brought into Myanmar – including iPhone or Samsung Galaxy-series handsets – do not follow correct import procedures, say officials.

 

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Flying fish and the land of the rising sun

The possibility of fish products travelling to Japan on All Nippon Airline (ANA) flights is being discussed by fisheries associations, though shipping costs are the largest stumbling block, say officials.

 

 

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Door opens to foreign involvement in local hospital joint ventures

Foreign investors will be allowed to team up with local partners to finance private hospitals, clinics and laboratories, the Ministry of Health says.

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Active black market discourages foreign firms, says minister

The prominence of the domestic black market continues to discourage prospective foreign investors from entering the country, according to Minister of Commerce U Win Myint.

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