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Mandalay airport joins war on wildlife trade

In an effort to crack down on illegal trafficking of endangered wildlife, staff at Mandalay International Airport attended a course in how to identify and classify wildlife parts if carried by passengers. Over 100 airport staff, security personnel and customs officials received training provided by the Forestry Department and the Wildlife Conservation Society (WCS) Myanmar, […]

Income Tax Law should be amended: MP

The Income Tax Law should be amended as there are weaknesses compared to those in the foreign countries, said Upper House MP Myo Win. According to him, the Ministry of Planning and Finance is making necessary changes to the law. As I mentioned earlier, another point is incentives for tax payers. For instance, a taxpayer […]

Teaching upgrade plan to start in December

A pilot programme to upgrade education colleges will begin in December 2018 at two colleges, according to U Aung Aung Min, deputy director general of the Department of Higher Education. The programme aims to upgrade teaching quality by increasing teacher qualifications, in line with the National Education Strategic Plan (2016-2021). Part of the plan is […]

Yangon furniture zone in the works

Local furniture makers and Yangon Chief Minister U Phyo Min Thein met recently to thresh out details of a planned furniture industrial zone aimed at developing the country’s furniture industry. The planned industrial zone is also expected to boost the quality of the furniture products intended for exports, according to Kyaw Kyaw Win, president of […]

Interbank cash transfers available with single ATM card next year

Money transfer services will be available through a single ATM card from next year onwards, U Mya Than, non-executive director and former chair of Myanmar Payment Union (MPU), told The Myanmar Times. With a single ATM card issued by any of the 23 local banks under the MPU network, users will be able to perform […]

Foreigners get involved in illicit sale and purchase in Myanmar fishery

According to Myanmar Fishery Products Processors and Exporters Association, foreigners got involved in illicit sale and purchase in Myanmar fishery business. U Myo Nyunt, secretary of Myanmar fishery products processors and exporters association said, “There are many foreigners getting involved in fishery business.” They did not purchase the products themselves. Instead they made Myanmars buy […]

Gold and jewellery trade centres to open in three cities

Gold and jewellery trade centres will be opened in Yangon, Mandalay and Nay Pyi Taw soon, said Planning and Finance Minister Kyaw Win on August 28. “We have already negotiated with various businessmen to open gold and jewellery trade centres, which will be open all year long. It will facilitate business for whatever they sell […]

Myanmar pulses market examined

The permanent secretary of the Ministry of Commerce said that several strategies are being explored to restore the stability of Myanmar’s pulses market. The Myanmar pulses market was sent into disarray last month when India, the largest buyer, put severe restrictions on imported pulses in an attempt to protect the price of their own supply […]

Sule Port premier port of Myanmar

Sule Port, the nation’s busiest sea port for rice, handles an average of 1.3 million metric tons of imports and 600,000 metric tons of export, annually. A total of 49,801 metric tons of rice were exported to foreign countries via Sule Port in current financial year. Sule is a major transit point for cement, timber […]

Myanmar’s business community must tap cluster potential to compete on global scale

“There are clusters formed by firms in similar sectors. In the Mandalay Region, the Directorate of Industrial Supervision and Inspection formed industrial clusters since 2014 and there are now 111 groups in 15 industrial clusters.” “But the business community in Myanmar is not very interested in this potential,” he said. “Businessmen here prefer to work […]