Business / Trade


The bodies of five jade scavengers killed in the latest landslide in the mines of Kachin State’s Hpakant were recovered on Thursday, according to the town’s hospital.
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After years of back and forth, the Banks and Financial Institutions Law of Myanmar has been passed by parliament and is now awaiting the president’s signature, with banks to face more stringent rules on raising paid-up capital and on reserve requirements.
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With world oil prices sinking, the Myanmar Petroleum Traders Association (MPTA)has urged the country’s gasoline retailers to slash prices.
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The Kayin State government has given a little-known company permission to build a major low-cost housing project near Hpa-an, after more than a year of due diligence.
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The ban on barter has almost shut down overland trade with India, local merchants say. Since the popular barter system was suspended at the Myanmar-India border post of Tamu, cross-border trade has slumped.
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Defunct Yangon car sales centres are causing headaches for the Ministry of Commerce. Businesses are failing to formally report closures, leaving the ministry with an out-of-date registry on which two-thirds of listed sales centres no longer exist.
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Myanmar’s public and private sectors have been urged to put greater focus on the quality of university and vocational education to address the acute shortage of qualified workers faced by both local and foreign companies.
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A Burmese company, backed by the Chinese government is preparing to test mineral sands on the Arakan coast to see if they can be used to produce Titanium and Aluminium.
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Around 1,500 police and plain-clothed individuals demolished more than 500 households in Kon Ta La Paung village in Rangoon’s Pyinmabin Industrial Zone on Tuesday morning, alleging that the inhabitants were squatters.
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The Chinese firm Wanbao’s Burma subsidiary has reportedly told locals in the Letpadaung mine area that it has no plan to compensate them further, after hundreds of would-be farmers sought payment for crops forgone last year due to the project.
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The municipal body responsible for regulating the construction of high-rise buildings in Burma’s business hub is toothless to intervene when disputes are connected to powerful officials, according to a board member.
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With credit card options proliferating in Burma, many of the country’s private banks are hoping to see more buzz within the industry in the months ahead.
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Asian stock markets mostly swung back into positive territory Wednesday while oil prices tumbled again, as the wild swings that have marked the start of the year showed no signs of abating.
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California-based venture capital firm 500 Startups has made its first investment in Myanmar, putting money on local tech firm Bindez.
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Two miles north of Muse, on Myanmar’s border with China, a company is negotiating with farmers to buy their land with a view to building a dry port.
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Today, 26 January, is the 67th Republic Day of India. H.E. Mr. Gautam Mukhopadhaya, Ambassador of India to Myanmar, talked to Mizzima Editor-in-Chief Soe Myint about a range of issues including Indian-Myanmar relations, the Act East Policy, the potential for improved trade and investment between the two countries and his positive view of the Myanmar elections.
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Radio silence from the National League for Democracy on ministerial appointments is holding back dialogue with international financial institutions (IFIs), according to senior IFI officials.
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At least a dozen gems prospectors are missing after a fresh landslide on Monday in Kachin State’s Hpakant jade mining region, the latest in a series of deadly incidents.
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Burma’s outgoing Union Parliament on Friday approved a new Condominium Law, clarifying some property regulations and making 40 percent of units available for foreign purchase.
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The end of 2015 saw a series of major announcements and decisions regarding Myanmar’s latest special economic zone (SEZ) in Kyaukphyu township of Rakhine State. In late December, Myanmar’s government approved the demarcation of land for the SEZ and awarded tenders to develop the SEZ to a CITIC Group-led consortium.
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