The Myanmar Times
Wednesday, 16 April 2014
The Myanmar Times
The Myanmar Times

Yangon: a city caught in a state of gridlock

Yangon simply wasn’t built to handle the number of cars on the streets, but more new vehicles are joining the backs of the lines every day, writes Stuart Deed.

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Govt to target employment agencies

A senior labour ministry official says the government will prosecute labour agencies that do not properly assist workers they place in jobs abroad.

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Yangon hotel room supply to double: minister

Yangon's current supply of 9000 hotel rooms is set to more than double in coming years, says regional tourism minister.

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Rice exports falter on illicit China trade

Officials believe that illegal trade from across the border will result in exports falling to less than half of the government’s target of 3 million tonnes for the fiscal year.


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New airport project now up for grabs

Singapore-led consortium is back in the running for the Hanthawaddy project after original tender winner fails to to meet specifications for the project.

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Myanmar to get credit insurance "this year"

At least two other new policies are in the pipeline as the business sector requires more diverse insurance plans, and the introduction of a credit insurance scheme has been signalled by deputy finance minister Dr Maung Maung Thein.

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Progress on new refinery in Magwe Region stalls

The government still has yet to choose a consultancy firm to carry out impact assessments of a proposed oil refinery in Magwe Region seven months after a deadline for a tender asking them to apply, an official said.

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Gold firm to ditch the ‘tical’ in favour of grams

In an effort to modernise the gold trade, local-based firm Myanmar Gold Development (MGD) will become the first major firm to renounce the traditional measurement known as the tical.

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Parts stolen from 15% of all imported vehicles

Local car dealerships and port officials concede that up to 15 percent of vehicles that arrive in Myanmar through Yangon’s ports are missing parts.

 

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The Fine Print: Legal & Tax insight

A new Special Economic Zones Law was enacted on January 23, granting substantially more tax benefits to export-oriented businesses than the Foreign Investment Law.

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