The Myanmar Times
Tuesday, 31 March 2015
The Myanmar Times
The Myanmar Times

China trade weakens in conflict’s wake

Trade has gone quiet along the China-Myanmar borrow for the past three weeks as violence flared in northern Shan State, according to Ministry of Commerce officials.

 

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Daiwa underwriter bid raises finance industry’s eyebrows

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.

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Fishery sales keep slipping away

Overfishing and environmental damage is leading to smaller natural stocks, while fish farms are slow to come onstream, say industry insiders.

 

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Closed distillers exacerbate MDY alcohol shortage

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.

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Experts push for IP

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.

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Offshore gas fields to halt in April

Three of the country’s four offshore gas fields are to be shut down in April “for annual maintenance”, according to a senior official with Myanma Oil and Gas Enterprise.

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In South Okkalapa: Residents fund their own street repairs

South Okkalapa township residents have banded together to fund their own road repairs, hoping to avoid more floods come rainy season.

 

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Taking stock of future market potential

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.

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Interest welcomed as consultant role draws most applications

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.

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Budget deficit concerns grow

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.

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