The Myanmar Times
Friday, 25 April 2014
The Myanmar Times
The Myanmar Times

Baker and McKenzie law firm open in Yangon

Baker and McKenzie has become the latest international law firm to open offices in Myanmar’s commercial capital Yangon.

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Microfinance firms decry low regulator loan cap

Microfinance institutions are worried a new directive by the sector’s regulator that caps loans at K500,000 could stifle small business growth.

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Paddy rice prices climb on exports

A increasing demand for rice from abroad has led the price of paddy rice in Myanmar to grow 25.84 percent over the past year as recently acquired duty-free access in other countries is expected to drive exports further in 2014.

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Airline signs $1b lease deal

Myanma Airways has signed a deal to lease 10 Boeing aircraft worth nearly US$1 billion that will ply international routes in a bid to tap booming tourism.

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Agribusiness needs govt aid, say experts

Official development assistance may be a more reliable source of funding for Myanmar’s “risky” agribusiness sector than FDI, analysts say.

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Govt greenlights fruit and veg wholesale market

The Myanmar government has agreed to set up the country’s first wholesale fruit and vegetable markets in an effort to bolster trade with neighbouring countries as well as to satisfy increasing demand from China.

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EITI to report on industry red flags

An energy watchdog group set up to scrutinise the exploitation of Myanmar’s natural resources has announced it will initially concentrate on the “most problematic and profitable” sectors – oil, natural gas and mines.

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German delegation makes historic visit to Myanmar

A delegation of 150 German businesses, lead by German President Joachim Gauck, visited Myanmar last week in an attempt to bolster bilateral relations.

 

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The Fine Print: Legal & Tax insight

Within a special economic zone (SEZ), the management committee can demarcate “exempted zones” and “promotion zones”. Businesses in an exempted zone have to manufacture primarily for export. 

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Dala squatters ordered off land

Land speculation in Yangon’s Dala township sees new buyers snatching up old properties as hundreds of families are forced into desolation.


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