Monday, August 21, 2017

Lack of accountability and clarity in SEZ Law highlighted in Dawei

An inadequate legal framework, poor implementation process, absence of accountabilities and the lack of transparency lead to violations of human rights and environmental disruption in Myanmar’s Special Economic Zones, speakers at the Myanmar Special Economic Zones Forum highlighted.

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Return migration no impact on Thai-Myanmar trade

Despite the decline in import flow from Thailand at the Myawaddy border trade camp, the return of Myanmar workers from Thailand last month has no significant impact on bilateral trade, assistant secretary of the Ministry of Commerce (MOC) U Khin Maung Lwin told The Myanmar Times.

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AccorHotels, LP to launch two hotels this year

French group AccorHotels and Thailand-based LP Holding will open two hotels this year and one more in 2020. Among these three hospitality projects in the pipeline, two are in Mandalay and one in Yangon.

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Yangon New City project to be remodelled with tower blocks included

The current New City project in Myanmar’s commercial capital will be remodelled to accommodate the city’s projected population growth and tower blocks will be part of the new plan, according to a Yangon Region minister.

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Government to repay debt of US$600 million in 2017-18

Debts accumulated under Myanmar’s previous Union Solidarity and Development Party are now due, 2 years after the current National League for Democracy government came into power.

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DFID-funded grant program to target businesses in four sectors

A grant window will be launched next month by a UK-funded program to target companies with projects to strengthen value chains and promote inclusive economic growth.

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54th Myanmar Gems Emporium sees bid limit more than halved

Foreign gem merchants invited by the Ministry of Natural Resources and Environmental Conservation will now have reduced deposits and bid limits at the 54th Myanmar Gems Emporium, according to the ministry.

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Expo in Mandalay aims to create 500 jobs

The Business and Job Expo 2017 is going to take place on July 15-16 at City Hall in Mandalay, according to Managing Director Ko One Htet Aung from Hti Haling Shin Business and Job Agency.

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Bosch promotes road safety with creative artist

Bosch, a Germany-based supplier of technology and services, has launched a creative initiative called “Beauty Beneath” to tackle vehicle and road safety in Myanmar, which has one of the highest numbers of road accidents in the region.

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Decentralisation of financial powers fosters revenue collection

Revenue decentralisation in Myanmar should allow states and regions to have their own, self-raised sources of revenues and the Union government should not be a last resort funder of sub-national policies, according to a report on fiscal decentralisation.

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