The Myanmar Times
Friday, 31 October 2014
The Myanmar Times
The Myanmar Times

Insurance sector competition heats up

Recently opened insurance firms are jostling for position after the government announced it would allow foreign-owned firms to operate in Myanmar by 2015.

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Japanese business association opens branch in Yangon

The Japan-based Asia Leaders Association (ALA) has opened a Yangon branch, looking to assist expansion of businesses in Myanmar.

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EIB to provide loans to SMEs

A delegation from the European Investment Bank has signaled it will seek further investment in Myanmar through the provision of loans to small-to-medium enterprises.

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Rakhine shrimp farmers still reeling from Giri

Three years since it struck, the effects of Cyclone Giri are still devastating Rakhine State villages. 

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Rakhine receives budget boost

The Rakhine State parliament has ramped up its proposed budget for the 2013-14 financial year by 38 percent.

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New property tax could chill market in Mandalay

A scheme to set standard real estate prices in Mandalay could cast a chill over the property, market experts said, after the region’s revenue department implemented a 37 percent tax on property transactions earlir this year.

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Up and up and up

This week’s home is in Ahlone township, convenient for downtown, and commands a fine view of Shwedagon Pagoda. The Golden Rose condominium apartment is now open for rent or sale.

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Authorities crack down on illegal wine

A leading food and beverage supplier to Myanmar’s restaurants has been forced to close amid accusations it illegally imported wine valued at K600 million (US$620,000).

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IP laws reach final draft

Pirates beware: A law protecting intellectual property (IP) could soon be on the books after intensive discussions with local and international experts on copyright, trademarks and industrial design, officials said.

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Hard road for banks when infrastructure lacks

Poor infrastructure, low internet penetration and mobile phone ownership levels will continue to hinder the spread of banking in Myanmar, say officials.

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