Wednesday, March 23rd, 2016


More than 200 shops were destroyed and many others partially burned in a powerful blaze in Mandalay’s Mingalar Market on Tuesday.
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A network of local NGOs has called for improved coordination of aid and relief to tens of thousands of displaced people in Kachin and northern Shan states.
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Myanmar’s first freely elected cabinet in more than half a century will focus on income equality, rural development and boosting budget revenue, the finance minister-elect said in his first interview since being picked for the job.
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Myanmar’s incoming finance minister said Wednesday he was shocked to discover his PhD is fake after netizens pointed out he had been a victim of a high profile scam run out of Pakistan that ensnared thousands of others.
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It may not be quite the “team of rivals” that US President Abraham Lincoln formed to lead his country through a crisis that threatened to pull it apart, but Burma’s new “national reconciliation” cabinet includes some strange bedfellows.
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The Shan Nationalities League for Democracy (SNLD) did not accept an offer made by the National League for Democracy (NLD) to have a member of the former party appointed to a cabinet position because of the ‘party condition’, SNLD spokesperson Sai Leik told The Daily Eleven yesterday.
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The busy Chinese border town of Ruili is home to a large Myanmar community, many of whom are Muslims who have rebuilt their lives after fleeing discrimination and violence.
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Inside the graceful halls of Myanmar’s first modern bourse a huddle of business leaders crowds into a crash course on share trading, as the former junta-run country takes another leap towards economic revitalisation.
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Deputy Finance Minister Dr.Maung Maung  Thein told Mizzima that the initial opening price of FMI stock on the Yangon Stock Exchange (YSX) could be 26,000 Kyats.
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Following a special investigation into illegal imports of heavy-duty machinery to Hpakant’s troubled jade mines, the government plans to publish a list of vehicles being used for excavation in the area, an official said yesterday. (more…)

Myanmar’s central bank has allowed diplomatic corps to open foreign currency accounts in local private banks, according to an announcement of the bank Wednesday.
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With more than 300,000 people moving to Yangon from the countryside every year, the need for accommodation is surging, while the government’s attempts to provide affordable apartments are failing because they are not affordable enough, according to a report released by the real estate site house.com.mm.
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Foreign investors have turned their attention to multi-million-dollar projects in Myanmar’s healthcare industry after being shut out for years, encouraged by the country’s growing base of customers with money to spend.
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A final group of 24 fishing boat slaves is preparing to return home to Myanmar this week from Indonesia, aid workers said at a trafficking meeting in Bali, one of them calling the 1,200 slaves repatriated since last year the “tip of the iceberg”.
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Ma Ba Tha is known across the world as a racist Buddhist organisation. Its work fans the flames of hatred and violence against Muslims in Burma, particularly the Rohingya in Arakan State. Its most prominent leader is Ashin Wirathu, dubbed the “bin Laden of Buddhism” for his violent, religious extremism.
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Burma’s first freely elected cabinet in more than half a century will focus on income equality, rural development and boosting budget revenue, the finance minister-elect said in his first interview since being picked for the job.
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Kyaw Win, slated to be Burma’s next Planning and Finance Minister, was born in Labutta Township in Irrawaddy Division and graduated with a degree in economics before embarking on a 20-year career with the National Planning Ministry in 1972. He then transferred to the Internal Revenue Department, where he remained for over six years before resigning to embark on work as a business consultant. He also served as a senior lecturer at the Myanmar Computer Company, Ltd. Kyaw Win spoke with The Irrawaddy about his new role, his political affiliations, and his expectations as a government minister.
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