Sunday, August 20, 2017

Third parties can monitor hiring of service providers

Independent third parties like civil society organisations, national government organisations and parliament members can monitor the process of hiring service providers for transparency, the Myanma Timber Enterprise (MTE) said.

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Tariffs and policies: The crux of Myanmar’s power problem

In 2017, Myanmar is projected to generate a maximum of 2,700 megawatts of electricity, up from around 2,500 MW in 2016, as the population expands and demand for power in the country continues to rise. Yangon, its largest city, is expected to generate almost half, or 1,300 MW of the country’s maximum electricity demand for the year, and that is expected to rise by 30 percent per year in 2018 and beyond.

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Jade sales at 54th Gem Emporium down due to poorer quality

Over €500 million (K796 billion) in sales was generated at the 54th Gem Emporium – “a good sale,” - Myanmar Jade Committee Secretary U Min Thu told The Myanmar Times.

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MIC approves another offshore oil and gas supply base

The Myanmar Investment Commission (MIC) has approved an application to build an offshore supply base on Made Island, in Kaukphyu, Rakhine State, by the Myanmar Chemical & Machinery Company, according to an official MIC statement.

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Offshore opportunities emerge in wake of gas discoveries

Promising opportunities are emerging for Myanmar’s oil and gas service providers.  Leonard Oh, executive chair of Myanmar Offshore Supply Base, discusses his company’s plan.

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IFC, agriculture department institute GAP in Inle Lake

The International Financial Corporation (IFC) is collaborating with the agriculture department to promote Good Agriculture Practices among farmers in the Inle Lake region.

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ASEAN touted by EU firms as an alternative to China

Celebrating 40 years of EU-ASEAN relations

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EIA accuses MTE of stepping back from reform commitments

The Environmental Investigation Agency (EIA) has hit out at the Myanma Timber Enterprise’s decision to hire service providers, and said that the risk of corruption and bribery in the allocation of harvesting rights remains high for the timber harvested during the 2017-18 season.

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UMFCCI takes over Myanmar Business Forum secretariat from IFC

The International Financial Corporation (IFC) has handed over the secretariat of the Myanmar Business Forum (MBF) to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), according to a press release from the IFC released on July 27. The UMFCCI will continue to take forward the mission of facilitating public-private dialogue.

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Myanmar can raise value, volume of agriculture exports by going organic

Myanmar has potential to develop an organic market that will help to boost the value of local crops produced for export purposes and farmers’ standards of living.

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