Saturday, February 13, 2016
The Myanmar Times
The Myanmar Times

Civil society takes IPA concerns to EC

Over 500 Myanmar civil society organisations have voiced “deep concerns” about a prospective EU-Myanmar investment protection agreement (IPA).

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Korean investors optimistic on Myanmar investment

Korean firms are hoping that political stability and a reform-oriented new government will help open Myanmar up to international investment, although the National League for Democracy faces challenges said a senior official for the ASEAN-Korea Centre.

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No compensation for Mingalar renters

The government will make cash payments and low-interest loans to traders after the Mingalar Market fire. But those that only rented properties are not eligible, and are struggling to restart their businesses.  

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Mingalar fire puts focus on insurance

Following the disastrous blaze at Mingalar Market, the spotlight has turned to the need for insurance. Insurance companies say less than 1 percent of the shops at the market were insured.

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New environmental impact rules released

The Ministry of Environmental Conservation and Forestry (MOECAF) issued new procedures yesterday for evaluating the environmental impact of local projects, as well as new guidelines on emissions.

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Yoma to sell VW cars through new subsidiary

Yoma Strategic Holdings announced a new subsidiary this week, which will allow it to sell Volkswagen cars in Myanmar, according to a communications consultant for the firm.  

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Arbitration bill positive for foreign investors

A new arbitration bill has come into force, replacing legislation drafted over half a century ago and helping address a key concern among foreign investors in Myanmar.

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LTO to get serious on corporate tax evaders

The large Taxpayer office (LTO) has warned that tax payers not complying with regulations face serious action this year.

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GDP growth not enough for economic progress

The advent of new government is likely to provide a short-term boost to GDP, but long-term inclusive economic growth will be more difficult, said government officials and economists at a conference this week.

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Mingalar shop owners face sky-high rents following fire

A wave of shop owners urgently looking for new locations after being forced out of the fire-struck Mingalar Market are struggling with inflated rents.

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