Friday, August 26, 2016
The Myanmar Times
The Myanmar Times

Mingalar fire puts focus on insurance

Following the disastrous blaze at Mingalar Market, the spotlight has turned to the need for insurance. Insurance companies say less than 1 percent of the shops at the market were insured.

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New environmental impact rules released

The Ministry of Environmental Conservation and Forestry (MOECAF) issued new procedures yesterday for evaluating the environmental impact of local projects, as well as new guidelines on emissions.

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Yoma to sell VW cars through new subsidiary

Yoma Strategic Holdings announced a new subsidiary this week, which will allow it to sell Volkswagen cars in Myanmar, according to a communications consultant for the firm.  

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Arbitration bill positive for foreign investors

A new arbitration bill has come into force, replacing legislation drafted over half a century ago and helping address a key concern among foreign investors in Myanmar.

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LTO to get serious on corporate tax evaders

The large Taxpayer office (LTO) has warned that tax payers not complying with regulations face serious action this year.

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GDP growth not enough for economic progress

The advent of new government is likely to provide a short-term boost to GDP, but long-term inclusive economic growth will be more difficult, said government officials and economists at a conference this week.

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Mingalar shop owners face sky-high rents following fire

A wave of shop owners urgently looking for new locations after being forced out of the fire-struck Mingalar Market are struggling with inflated rents.

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Cobblers welcome cold season

Traditional they may be, but woe betide the cobbler who neglects to follow fashion in the making of velvet shoes. Now that the rains are a memory, and the brief winter is here, ’tis the season for this ancient but ever-voguish form of footwear.

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KMA Group returns seized land to former owners

In a rare act of restitution, the Kaung Myanmar Aung (KMA) Group has restored almost 1900 acres of land in Taungoo district to its former owners.

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Kerry Logistics kicks off Myanmar’s dry port plan

Hong Kong-based company Kerry Logistics has won a concession to operate two inland ports in Myanmar, part of the government’s plan to construct a network of dry ports across the country under a United Nations initiative.

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