The Myanmar Times
Thursday, 24 July 2014
The Myanmar Times
The Myanmar Times

Norway to assist fish farmers

Scientists from a Norwegian aquaculture research institute will help Myanmar fish farm operators raise hatchlings to offset declining stocks of hilsa shad, a staple food in rural areas, the Myanmar Fisheries Federation said on July 9.

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Basics of a successful JV - The Fine Print, Legal & tax insight

The most common reasons for a foreign investor to establish a joint venture with a local partner in Myanmar are the desire to penetrate a yet-unknown market with the help of local know-how, and to take advantage of an established distribution network or use an existing production facility.

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No export bounce for rubber yet

Despite having duty-free access to the European market under the EU’s generalised scheme of preferences, the quality of most rubber produced in Myanmar is too low to sell in that market, according to U Khaing Myint, a spokesperson of the Myanmar Rubber Planters and Producers Association.

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Foreign suppliers eye auto parts market

Foriegn automotive parts suppliers are seeking to enter Myanmar to cater to the growing need for spare parts, a Union of Myanmar Federation of Chambers of Commerce and Industry official said last week.

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Myanmar to import LNG

Liquefied natural gas will be imported through private companies to help meet rising demand for electricity, says minister.


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Central bank law awaits green light

A draft law that will make the Central Bank of Myanmar independent could be enacted by mid-July, MPs say.

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JCB cards set for September rollout

Japanese Credit Bureau-linked electronic payment cards can be used at 17 member banks of the Myanmar Payment Union from September.

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Focus on poverty reduction

Chairman of CSR Asia Richard Welford on how businesses can be profitable in Myanmar by including low-income people in their expanding value chains.

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Rakhine prawn farms on the brink

Prawn farmers in Rakhine State say they are facing economic ruin as a decade-long decline in yields shows no sign of abating.

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The Fine Print: on mining licences

Apart from gemstones, Myanmar sits on world-class reserves of metals such as tin, tungsten, gold and copper.

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