Monday, July 25, 2016
The Myanmar Times
The Myanmar Times

Farmers fight to mortgage their farmland

Farmers and agricultural industry bodies are demanding that farmland is accepted as collateral for bank loans, but implementing such a system is fraught with problems, officials told The Myanmar Times.

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Tarmwe flyover to open this month

The last in a series of flyovers commissioned by the former Yangon Region government will fully open once its second phase is completed later this month, said U Sein Win, a project engineer.

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Myanmar rice price falls as Chinese demand slows

Rice prices are falling in quiet rainy-season trading, as a weaker yuan makes Myanmar exports to the world’s second-largest economy less competitive and arrests in China in connection with the rice trade discourage buyers across the border.

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Funds sought for outdated factories

Foreign and domestic investors are being invited to put their money in factories lumbered with outdated equipment. The government says it has no funds to help companies buy new plants, because its priorities are education and healthcare.

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Township tells farmers not to protest over land

A group of farmers in Rakhine State’s Kyaukphyu township are hoping for negotiations with the Southeast Asia Gas Pipeline (SEAGP) company, after being told by local authorities not to sue the firm over damage to farmland.

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Joint survey set to track wastage in rice industry

Myanmar could be losing a colossal 4 million tonnes of rice to waste and damage every year, and a local university is partnering with the Myanmar Rice Federation to assess the extent of the problem.

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New joint venture to bring order to Yangon bus chaos

The Yangon Region government is forming a new public-private partnership (PPP) company, as part of a city-wide reform of the chaotic public transport system. Bus line owners are eagerly awaiting the overhaul, but want the authorities to provide infrastructure and financial aid to help them manage the shift.

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Foreign trade rises

Myanmar’s foreign trade has passed US$6 billion since the new government took office, according to U Yan Naing Tun, director general of the Directorate of Trade, under the Ministry of Commerce.

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Toyota dealers nudge buyers toward choosing new cars

Toyota dealers trying to sell new vehicles are hamstrung by the brand’s success in Myanmar, which has left a huge pool of used cars for buyers to choose from.

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Burger King finds new throne at Yangon International Airport

A new king has been crowned at Yangon International Airport. Global fast-food giant Burger King opened its doors in Terminal 1 on July 1 – marking its first entry into Myanmar.

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