The Myanmar Times
Friday, 19 December 2014
The Myanmar Times
The Myanmar Times

S’pore wins in take two for airport build

A US$1.4 billion contract for an airport outside Yangon has been awarded to a Singapore-led consortium, the Department of Civil Aviation has announced, after talks with the original tender winner stalled earlier this year.

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Kyat depreciates past barrier of K1000 per USD

The kyat depreciated in value past the psychological barrier of K1000 against the US dollar last week, though experts downplayed concern it will significantly affect the economy.

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What to do when the rice trade stops

U Sai Kyaw has about 50 tonnes of rice sitting in a Muse warehouse a couple kilometres from the Chinese border.

 

 

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Smaller foreign companies face restrictions on leases

Smaller-scale foreign businesspeople are having difficulty securing long-term leases, which is hampering foreign investment, businesspeople say.

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Rice federation to introduce Warehouse Financing at Apex

The Myanmar Rice Federation plans to open several warehouses for rice traders to store their product for use as collateral to receive bank loans, said its chair U Chit Khaing.

 

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Toyota keeps pace with changing market

Long the dominant used car in Myanmar, Toyota aims to build a reputation as a new car brand worth purchasing

 

 

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Show may be over for local-language video rental shops

Ma Hnin Hnin Khain is like many cinephiles in that she formerly visited her local video rental shop every day to borrow a movie for the evening’s viewing.

 

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Four-fifths of registered bikes are brought in illegally

Far more motorcycles are imported to Myanmar illegally than are brought in legally, said deputy railway and transportation minister U Chan Maung.

 

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Penalties on the rise for tax dodgers

Penalties on tax dodgers will be raised this year as the government attempts to maximise state revenues in the face of mounting spending projects, said minister of finance U Win Shein.

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Kokang region adds a border gate

The Kokang autonomous government plans to open a new border gate in the region that will act as a subsidiary gate to the major Chinshwehaw crossing, said autonomous government secretary U Kyaw Swe.

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