Monday, September 25, 2017

Crisis brewing in onion market, local producers at risk

A rise in illegal onion imports from China is crowding out local onion producers and could eventually lead to an oversupply and lower prices.

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Myanmar receives first budget support from World Bank

The country is receiving its first ever budget support from the World Bank.

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Myanmar coffee gains market share amid rising demand from first world

Myanmar coffee is gaining market share globally and opportunities for local coffee producers to gain international exposure have been on the rise over the past two years.

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You cannot rest on your laurels when it comes to improving business environment

Interview with Tan Sri Yong Poh Kon, former co-chair of PEMUDAH, Malaysia’s counterpart of the Myanmar Business Forum

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No more teething troubles for new customs system

The country’s new automated customs system has no more teething troubles and is up and running at Yangon port, but it is not yet implemented at border points, according to logistics and shipping companies. In addition, the current data entry process remains a significant challenge for the shipping industry.

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Myanmar has 16 months left to join the AEC. Here’s a checklist of what needs to be done.

Myanmar has until December 31, 2018, about 16 months, to join the ASEAN Economic Community (AEC), which aims to create a single market and production base with a free flow of goods, services, labour and capital across its member states.

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Ministry warns gold mining companies to payoutstanding debt

There are outstanding 150 viss of gold debts to be paid by over 100 gold mining companies to the government, U Phone Myint, deputy director from No. 2 Mining Enterprise under the Ministry of Natural Resources and Environmental Conservation, told The Myanmar Times.

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Shares of 55 companies can soon be traded locally

55 public companies which were given the green light to sell shares in the local over-the-counter (OTC) market must receive official permission from the Securities and Exchange Commission of Myanmar (SECM) first, U Htay Chun, member of the commission, told The Myanmar Times.

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YSX-listed firms to enjoy 5pc tax reduction

Companies listed on Yangon Stock Exchange (YSX) will now need to pay only 20pc income tax, according to the Ministry of Planning and Finance.

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Fiscal deficit halves in 2016-17, but shortfalls in revenue and expenditure

The budget deficit for the 2016-2017 fiscal year ended March 31, 2017 was a little over half of the official target as a result of government under-spending, according to the preliminary data released to members of the parliament.

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