Monday, May 02, 2016
The Myanmar Times
The Myanmar Times

China’s demand for human hair turns villages into trading centres

In Mandalay Region, where drought and failed harvests have pushed many farmers out of business, another industry is thriving, as China’s demand for human hair has turned entire villages into centres of trade and repair.

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Annual list of top taxpayers shows payments rising

Companies paid more tax in the fiscal year 2015 than in the previous year, according to the latest annual figures published in state media, with the highest revenues coming from import-export businesses and the banking industry.

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Australian coffee franchise plans Myanmar expansion

The local operator of Australian coffee franchise Gloria Jean’s has recently opened its first branch in Yangon and plans to open at least eight more outlets across the country.

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Myanma Insurance doubles payouts

Myanma Insurance paid out over K200 million yesterday to policy holders who suffered fire damage in two recent blazes, taking its total fire insurance payouts to twice that of last fiscal year, an official at the firm said.

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One villager’s struggle for justice at Heinda tin mine

For more than a decade, U Saw Dar Shwe has been fighting a battle against a Thai tin mining company which he says has irreparably destroyed his land.

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HAGL launches second phase of Myanmar Centre

Vietnamese developer Hoang Anh Gia Lai has started building the second phase of its landmark Myanmar Centre, which will include two office towers and five residential towers including serviced apartments and units for sale.

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Mandalay farmers advised to prepare for effects of El Niño

The  agriculture ministry has advised farmers in Mandalay to plant summer paddy only in areas that are guaranteed a water supply and to cooperate in preparation for the weather patterns generated by the 2015-16 El Niño.

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Andaman explores solar in Sagaing

Investment and advisory firm Andaman Capital Partners is working with the Sagaing Region government to find commercial opportunities for solar power, with a view to securing a 450-acre site and generating up to 80 megawatts of electricity.

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Seafood traders fear El Niño may kill off fish

Fisheries exporters fear that the powerful El Niño that built up in the Pacific region over the past few months could result in a shortage of water and raw materials and rising prices across the industry.

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Foreign banks slow to offer support, say local lenders

Foreign bank branches operating in Myanmar for almost a year have proved slow to support local lenders although they have brought others benefits, said financial industry sources.

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