The Myanmar Times
Monday, 06 July 2015
The Myanmar Times
The Myanmar Times

Central Bank to limit payments to only the kyat

The Central Bank of Myanmar is moving to strengthen the kyat’s use in the local economy, eventually pushing the country’s hotels, restaurants and shops to list prices only in the local currency.

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Food processors push to allow sugar imports

Soaring sugar prices have prompted Mandalay food companies to appeal to the government for help. Myanmar Food Processors’ and Exporters’ Association (Mandalay) has asked the commerce ministry to allow the import of sugar, which has been blocked since the end of April.

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Apex to lend against farm permits

Myanmar Apex Bank will begin allowing farmers to access bank loans by using their work permit certificates as collateral, according to bank chair U Chit Khine.

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Incentives to be built in to investment law

The combined investment law will have built-in incentives for priority areas and sectors, according to U Aung Naing Oo, director general of the Directorate of Investment and Company Adminstration.

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Remote villages the priority in energy plan

Villages in remote areas will be the priority for electricity under the National Electrification Program, according to officials.

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Taxi drivers say traffic and rain forces fare increase

First it was the buses. Now passengers are complaining that Yangon’s taxi drivers are demanding fare increases because of congestion and heavy rain.

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New India Assurance launch shows growing ties: ambassador

India's ambassador to Myanmar told the story of Ganesha, the elephant-headed deity and remover of obstacles, at the launch of the first Indian insurance representative office in Myanmar late on June 7.

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MOGE comes second-last in transparency

Myanmar's state-owned Myanmar Oil and Gas Enterprise (MOGE) came in second-last in a survey covering the transparency of 45 large state-owned enterprises around the world.

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Weather weighs on the sidewalk newspaper trade

Street commerce, naturally, declines during the rainy season. Few people want to sit at a stall and slurp noodles, or search for shirts and sunglasses, during a downpour.

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Labourers make do at the docks

“One … two … three…”

It is the end of a long day of work for 14-year-old Ma Thida Aye. She has been offloading bags of cement and cases of beer from ships berthed at Ngalapwe port since sunrise, taking in K100 for each bag she offloads and carries inland to a depot.

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