The Myanmar Times
Saturday, 28 February 2015
The Myanmar Times
The Myanmar Times

Budget shortfall to exceed forecast

The government will rake in less revenue for the current fiscal year than it initially expected, members of the Financial Commission said in Nay Pyi Taw on January 14.

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Caution urged before joining multilevel marketing firms

While some multilevel marketing companies offer legitimate ways for people to get involved in business, others stray dangerously close to pyramid schemes – and in Myanmar it’s usually buyer beware.

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Passing the buck on fuel price

What should the fuel price be?

Drivers have heard tales of oil’s tumble on international markets, falling by 50 percent a barrel last year.

 

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MPPE in more joint ventures

International companies will be invited to join state-owned Myanmar Petroleum Products Enterprise (MPPE) in running its existing facilities, according to a senior official.

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Pick-up sticks: Selfie-takers overcome ridicule

Some mobile users are snapping them up, while others see users as object of ridicule – though so far there haven’t been enough naysayers to stop the selfie stick boom.


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Deputy Minister confident in stock exchange as deadline looms

Up to 10 companies ought to meet the requirements to be listed on the Yangon Stock Exchange (YSX) when it opens in October.

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Fishermen petition vice president to end fines for fish farms

Fishers businesspeople are calling for the repeal of a fine levied against agricultural land used for other purposes.

 

 

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MPT flexes in telco fray as lower rate plan announced

MPT announced new rates with its Swe Thahar plan on January 9, as the state-owned telco continues modernisation efforts against growing competition from Ooredoo and Telenor.

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MIC confirms disputed tax on FDI

The Myanmar Investment Commission (MIC) has confirmed the corporate income tax rate stands at 25 percent for companies registered under the Myanmar Companies Act or Myanmar Foreign Investment Law (FIL).

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Barriers for bond popularity as Central Bank plans auction

The Central Bank of Myanmar plans to begin auctioning government bonds on January 28 to support government spending programs, but bankers say the investments may be a tough sell.

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