Wednesday, May 04, 2016
The Myanmar Times
The Myanmar Times

FMI shares whipsaw

First Myanmar Investment’s shareholders got a taste of stock market volatility yesterday as their shares lost and then regained 24 percent of their value in just a few hours.

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ADB sees 8.4% growth and falling inflation

Rising economic growth and three successive years of falling inflation were among the highlights from the Asian Development Bank’s 2016 predictions for Myanmar as part of its annual economic outlook for Asia.

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IRD aims to end excise tax confusion

Planned regulations on the Specific Goods Tax, which will be introduced in the coming fiscal year, will help resolve confusion among taxpayers over what taxes they should be paying on different items, the Internal Revenue Department has said.

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Mandalay tax revenues smash targets

Mandalay is swimming in tax money, delighted finance officials have announced, with internal revenue for this financial year exceeding the target figure.

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Magwe University tests genetically modified groundnuts

Testing of a high-yield groundnut suitable for genetic modification will start during the coming monsoon season, scientists have announced. A preliminary test on a 200-square-foot lot at Magwe University was completed in January under a project proposed by the Ministry of Education.

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MIC pushes through dozens of investment approvals

The Myanmar Investment Commission has approved an unusually large number of projects in its final meeting before the new government takes office, including luxury resorts, office towers, port developments, factories and roads.

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Sun sets on Magwe oil

The sun is going down over the oil wells of Magwe. On top of the hills west of Minhla, 18 miles from Magwe city, green tarpaulin tents and triangular wooden petroleum rigs are dotted about, among standing pools of oil.

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Orchid sellers run into trouble at Thai border

Mawdaung border trading post, which opened three years ago to help stimulate trade with Thailand, is having the opposite effect according to frustrated orchid dealers, who say the thriving trade in rare flowers that they used to enjoy is on its last legs.

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Stock exchange: FMI share price hits upper limit but shows signs of slowdown

Trading volumes leapt on the second day of First Myanmar Investment’s life as a listed company. The firm’s share price has increased almost 35 percent in just two trading days, although there are signs the sharp rise in value is slowing.

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Rubber and seed opened to foreign investors

Myanmar Investment Commission has chipped away at the list of enterprises in which foreign investors must form joint ventures with a local company – opening up the areas of seed and rubber production.

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