The Myanmar Times
Friday, 01 August 2014
The Myanmar Times
The Myanmar Times

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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Mandalay civil society calls for EU treaty halt

A group of 15 civil society organisations (CSOs) based in Mandalay released a statement last week calling for the government to hold off on signing new bilateral investment treaties with the European Union, saying the proposed regulations of the agreement could have a “chilling effect” on policy making.

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Expat Finance: The personal protections you should keep in mind

Previous articles relating to healthcare, medical insurance, and nightmares and dilemmas have been popular with many readers asking about what could happen and how to protect themselves.

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Nay Pyi Taw farmland set to grow

Agriculture around Nay Pyi Taw is set for a boost after the Pyidaungsu Hluttaw approved borrowing some US$136 million for projects in the area.

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Foreigners get a taste for food investment

Myanmar Industries Association (MIA) plans to support foreign investment in food production joint ventures as they apply for permission to set up in the coming months, said its chair U Zaw Min Win.

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Myanmar joins natural resource transparency organisation

Myanmar was officially admitted as a candidate country with the Extractive Industries Transparency Initiative (EITI) on July 2.

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French bank slapped with fine for deals done under sanctions

Leading French bank BNP Paribas said it would face no difficulty in absorbing the record multi-billion-dollar fine slapped on it by US authorities for breaking sanctions against pariah regimes.

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Trade centre to be rebuilt

The Yangon Trade Centre rocked by a 2005 bombing will be re-opened, as the Ministry of Commerce has announced a tender for local investors to re-build the project.


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Foreign banks announcement due in September

The foreign banks allowed to operate in Myanmar will be selected in September, though their licences will initially contain significant restrictions, say officials.

 

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Tough times for Mandalay’s hotels

A hotel building boom has resulted in empty rooms and hotel closures in Mandalay, compounded by the traditional slump in tourism during the low season.

 

 

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