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Illegal fuelling stations to face action

The government will take action against shops operating along the Mandalay-Madaya road in Mandalay Region, which have been supplying fuel illegally in order to improve fire safety and tax collection, said U Zarni Aung, minister of Energy and Construction. “The District Road and Bridge Department has filed cases to remove the illegal fuel stops beside […]

Locals call for more regulation in retail sector

As foreign retailers enter the domestic market, the government should work to ensure a level playing field, said local retailers. During the Private Sector Development Committee meeting with President U Myint Swe on April 27, Daw Su Hlaing , Secretry of Myanmar Retailers Association, voiced concern for the survival of local retailers in the face […]

Govt Needs Hotels’ Consent to Raise Lease Rates, Mandalay Mayor Says

Mandalay Mayor U Ye Lwin told local lawmakers on Wednesday that the government could not raise lease rates on hotels that cut sweetheart deals with the previous administration without the hotels’ consent. At a session of the Mandalay Region Parliament, lawmakers raised questions about three hotels — Mandalay City Hotel, Hotel Mandalay and Minthargyi Hotels […]

Gold mining companies still owe govt

Small gold mining companies still owe more than 1200 ticals (19.6 kilogrammes) of gold to the government, Mandalay Region Auditor General Daw Khin Aye Swe told the Mandalay Region Hluttaw. Under a production-sharing agreement between the No.2 Mining Enterprise and gold mining companies, small gold mining companies owed the government 1290.77 ticals from 2007-08, but […]

Myanmar should develop domestic production to grow local economy: Czech Republic

Myanmar should enhance domestic production and develop its local markets, says Martin Tlapa, Deputy Minister for Foreign Affairs of the Czech Republic, during a talk entitled “Economic Transition: The Czech Experience and its Relevance for Myanmar” last week. In sharing appropriate approaches with Myanmar, Mr Tlapa said Myanmar should enhance the production of domestic products […]

Rural areas to receive electricity powered by renewable sources: Minister

Rural areas far from the national grid will get electricity through renewable energy sources, says Minister of Electricity and Energy U Win Khine. He said the government will provide electricity to these areas through renewable energy as lower population density and electricity usage may not make it economical to expand the national grid. U Win […]

Govt in talks with Japan for low interest housing loan: official

The Union Government is cooperating with the Japanese government to provide housing loan with low interest rates, said Nilar Kyaw, the Regional Minister for electricity, industry and transportation during a regional parliament session held on February 25. She replied to a question raised by MP Kyaw Tun of No.2 Lanmadaw Constituency about when the buyers […]

Govt says it can’t take action against dishonest telecoms

The government is helpless against telecommunication operators that impose surcharges on customers, as shutting them down even for just an hour could hamper communications in the country, a senior transport official said on Monday. U Tha Oo, deputy minister of Transport and Communications, admitted that although mobile companies are charging users more than they should, […]

Government prohibits import of frozen meat at Thai border

The import of frozen meat at the Myanmar border will be prohibited from March 1 onwards, U Khin Maung Lwin, assistant secretary of Ministry of Commerce (MOC), told The Myanmar Times. The border ban includes all forms of frozen meat, including red meat, fish and marine produce. However, importing via sea routes is still permitted. […]

Long term economic improvement certain, strategy needed: U Win Aung

THE government has come under pressure for its handling of the Myanmar economy, with stakeholders lamenting the slowing pace of economic reform and investment flows. During the first half of 2018, approved foreign direct investments (FDI) totalled just $1.7 billion, compared to $4.1 billion during the same period in the previous fiscal year. Meanwhile, GDP […]