The Myanmar Times
Wednesday, 30 July 2014
The Myanmar Times
The Myanmar Times

Higher electricity rates to reduce govt subsidies

Government officials have not yet pinned down how much extra revenue has been generated by increasing electricity prices in April.

 

 

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The Fine Print, Legal & tax insight: Cell towers face legal hurdles

The race against time for the implementation of telecommunications network infrastructure rollout has intensified since the formal award of licences to Telenor and Ooredoo earlier this year. Accordingly, the Union government has picked up its pace and reinforced its support in reforming the current mass of procedures faced by tower companies.

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Growth prediction raised by IMF on gas, investment

Rising gas production and investment will lead to a higher-than-expected 8.5 percent economic growth rate for the 2014-15 year, according to the International Monetary Fund (IMF).

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Maritime spat to aid rice exporters

Rice traders see an opportunity in China as tensions ratchet up between China and Vietnam over the South China Sea

 

 

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YTP hunting for partners as private launches get close

Yatanarpon Teleport public company (YTP) is still negotiating a potential partnership with foreign firms, according to CEO U Shane Thu Aung.

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Vietnamese bank steps in to finance local small-scale loans

The Small and Medium Industrial Development Bank (SMIDB) will fund its SME loan program this year through a Vietnamese wholesale loan at half the interest of previous loans from Myanmar state-run banks, officials said.

 

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Exports face huge hurdles

As the government tackles hurdles, businesses must also improve to boost exports

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Tourism insiders watching Thai crisis

Thailand's political upheaval has so far had little effect on Myanmar tourism, but is worth watching closely given the country’s importance for the industry in Myanmar, insiders say.

 

 

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Big gas turbine tender to launch

Myanmar's ageing natural gas turbines are due for renovations as the Ministry of Electric Power (MOEP) plans a tender this year, according to officials.

 

 

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Investment body’s resources put to the test

As of July, the Myanmar Investment Commission (MIC) will no longer be based in Nay Pyi Taw or answer to the Ministry of National Planning and Economic Development.

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