Japanese securities company Daiwa Securities Group has entered a bid for an underwriter licence along with its Myanmar partner, prompting some observers to question whether the firm and its sister companies may be positioned for too much control on the forthcoming Yangon Stock Exchange.
Four distillers in Mandalay’s industrial zone have been closed since the beginning of February, compounding the difficulty of buying booze after some retailers stopped selling imported liquor.
The much-delayed Intellectual Property Rights (IPR) law may finally be enacted this year, as a draft is due to be debated during the next parliamentary session, according to Science and Technology Ministry head of IPR department Daw Moe Moe Thwe.
South Okkalapa township residents have banded together to fund their own road repairs, hoping to avoid more floods come rainy season.
The Yangon Stock Exchange is slated to open later this year, but there is much to do until then. Applications for service providers were due on March 6, one step in many that needs to be completed before the exchange can launch.
Consultancy licences were the hot draw among the four licence classes for service providers on the Yangon Stock Exchange, according to deputy finance minister Dr Maung Maung Thein.
Concern is growing over a jump in the 2015-16 budget deficit, as lower gas exports and higher expenditures, including a civil servant wage hike, have combined to increase the forecast deficit to above a 5 percent-of-GDP target.