The Myanmar Times
Friday, 01 August 2014
The Myanmar Times
The Myanmar Times

Sittwe economic zone in limbo as foreign investors get cold feet

Plans for a proposed economic zone on the outskirts of Sittwe are in limbo, after international investors pulled out over sectarian violence in Rakhine and wider political concerns about Chinese businesses in Myanmar.

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Secrecy haunts oil sector, says Global Witness NGO

High levels of corporate secrecy must be tackled if Myanmar is to benefit from its oil and gas wealth, claimed international NGO Global Witness.

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Port project to get shopping mall

A firm called New Downtown Development Company is set to build a 10-storey building including a luxury shopping mall at Yangon’s Pansodan port.

 

 

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Neglected expat investments

Expatriates around the world are investors out of necessity, and rarely cared for as they would be back at home. Many become lifelong travellers once they have been abroad for a few years.

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Who will benefit from Condominium Law?

A closer look at the condominium law and the impact it is likely to have on residents and investors alike.

 

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Re-writing the mining law “waste of time”: lawmaker

Pyithu Hluttaw Speaker Thura U Shwe Mann has rejected a proposal to throw out amendments to mining laws in favour of a completely new bill.

 

 

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Investment hurdles slow rice exports

Rules requiring special permission for foreign firms to invest in the rice sector are hurting investment and slowing progress, say experts.

 

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Anti-smuggling teams to watch Yangon airport

The Ministry of Commerce’s mobile enforcement teams will include Yangon International Airport in their air and sea port investigations set to start on July 2, according to ministry officials.

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Insurance sector aims at HR needs with school

Myanmar is revitalising its insurance industry with a new training college to meet the growing needs of newly established private companies.

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Building banking depends on trust

More trust is needed to increase the banked population, which languishes at 5 percent of the adult population, according to experts.

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