The Myanmar Times
Tuesday, 02 September 2014
The Myanmar Times
The Myanmar Times

Firms slow to use GSP benefits

Take-up on benefits offered through the Generalised System of Preferences (GSP) has been limited, even though most countries involved in the market access program have extended benefits to Myanmar.

 

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Door to open for foreign-owned petrol stations

Foreign companies will soon be invited to enter into a joint venture with state-owned Myanma Petroleum Products Enterprise (MPPE) to distribute and sell petrol and diesel fuel.

 

 

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Union pitches support for rice farmers

Farmers groups will submit a second draft of a law aimed at supporting rice farmers, after a submission last year by a rival group has languished without approval.

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Bago property market quiet as investors eye airport’s fate

Prices for Bago Region property near the border with Yangon Region have cooled as no new developer for Hanthawaddy Airport has been announced.

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Labour shortage drives construction wage rises

It's a good time to be a skilled construction worker in Yangon – at least in terms of salary, according to developers and employees.

 

 

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Onshore petroleum deals hit another delay

Regional approval is holding up the signing of the agreements to govern onshore petroleum searches and production, according to government officials.

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Smuggled cigarettes, alcohol beat the ban

Fake or untaxed alcohol and tobacco products are flooding the market as the Ministry of Commerce and importers face an impasse over planned import reform.

 

 

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MPT promises a new era with KDDI

Consumers have been told to look out for a “reborn” Myanma Posts and Telecommunications, following the July 17 marriage with Japan’s KDDI telco and Sumitomo Corporation.

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Change in owners as U Tay Za said to exit AGD Bank

Several prominent businesspeople have bought or sold stakes in Asia Green Development (AGD) Bank, as it prepares for listing on the planned Yangon Stock Exchange in 2015.

 

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StanChart, regional banks bow out

The list of foreign banks still pursuing licences was released by the Central Bank of Myanmar last week, and it was missing some notable names from the banking sector.

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