Monday, August 29, 2016
The Myanmar Times
The Myanmar Times

Myanmar carriers converge on Mandalay-Bangkok route

Mandalay residents eager to visit Bangkok will have a bevy of new flight options next month. Myanmar National Airways (MNA) will begin offering thrice-weekly flights from August 31, just a day before Myanmar Airways International (MAI) is scheduled to begin its own Mandalay-Bangkok route.

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US Foreign Agricultural Service opens Myanmar office

The US Foreign Agricultural Service opened an office in Yangon yesterday with the aim of strengthening trade and investment relations between Myanmar and the United States.

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New customs system scheduled for November

The government aims to have an automated cargo clearance system adopted by all customs departments in Yangon by November, before possibly extending the program to the country’s land border points, an official has told The Myanmar Times.

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Two casinos in Taninthariyi under government scrutiny

Two casino resorts in Tanintharyi Region’s southernmost Kawthoung township are on a regional government watch list, the chief minister told The Myanmar Times during an interview in Dawei last month.

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Cosmetics association sees uncertain future

The Myanmar Cosmetics Association is demanding the government protect the industry from foreign competition, which it says could destroy small and medium-sized local firms.

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Bean prices up on Indian demand

Indian demand for Myanmar mung beans has caused prices to jump by more than 10 percent over the past three days, while prices for other beans have also risen, exporters said.

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Hlaing Tharyar industrial zone to be upgraded in pilot project

Yangon Region government is to call on private industry to fund an upgrade of Hlaing Tharyar industrial zone to serve as a pilot project for the nation.

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Public buses and taxis lack full insurance

Long-distance buses – including those that ply the notorious “Death Highway” between Yangon and Mandalay – lack sufficient insurance coverage, insurance officials say.

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YSX debates bank disclosure ahead of MCB listing

As Myanmar Citizens Bank prepares to become the first lender listed on Yangon’s stock exchange, bourse officials are still debating just what level of financial disclosure listing banks should have to provide.

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United Amara Bank joins ADB trade finance program

United Amara Bank became the second local lender to sign with the Asian Development Bank under its Trade Finance Program (TFP) yesterday, and will receive guarantees for international letters of credit worth up to US$4 million each year.

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