Tuesday, May 03, 2016
The Myanmar Times
The Myanmar Times

MOEP signs hydropower deal with leaders in Mong La

The Ministry of Electric Power has signed its final hydropower deal before it merges with the energy ministry under the incoming government.

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Headwinds for Myeik cold storage factories

Electricity shortages, declining fish stocks and rising labour costs are clouding the outlook for cold storage factories in southern Myanmar, industry insiders say.

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State, private and foreign banks to compete for SOE clients

Myanmar’s financial regulator has ended state-owned banks’ monopoly on providing foreign currency accounts for state-owned firms, opening a new market to private lenders – both local and international – that could potentially bring vast amounts of public money into the wider banking system.

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Shipping group urges improved waterways

The Mandalay Shipping Association has spoken out against high taxes, supposedly charged for the restoration and conservation of waterways, that they say haven’t brought any improvements so far.

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Pigs in Mandalay risk disease as temperatures rise

Pig farmers will need to take special care of their herds as temperatures rise in the dry zone, to protect against the spread of disease, according to the chair of Mandalay Region Pig Farmers and Processors Association.

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MNA to triple carrying capacity

Myanmar National Airlines has received three of the 10 Boeing aircraft it has agreed to lease from GE Capital Aviation Services, and the state-owned carrier plans to almost double its fleet and triple its carrying capacity in the next few years.

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NLD finance minister admits to bogus PhD

The new government’s likely choice for the role of Minister of Planning and Finance is a lower house member of parliament for Dagon Seikkan township, a business consultant and a little-known member of the party’s economic committee.

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Restrictions planned for jade mines

Following a special investigation into illegal imports of heavy-duty machinery to Hpakant’s troubled jade mines, the government plans to publish a list of vehicles being used for excavation in the area, an official said yesterday.

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Foreign interest in healthcare runs high

Foreign investors have turned their attention to multi-million-dollar projects in Myanmar’s healthcare industry after being shut out for years, encouraged by the country’s growing base of customers with money to spend.

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Denmark funds project to protect fisheries

The Danish government is funding a four-year project in Rakhine State and Tanintharyi Region to help improve the lives of local fishermen and conserve marine resources, according to officials.

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