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  • May 25, 2015

    More to be done to boost local financial sector

    "Currently, Myanmar's financial sector has too few depositors. The majority of people have no significant role in the sector. The sector is still weak. To be exact, only 5 per cent of the country's total population has bank accounts," said Bernd Kuzmits, regional director of Germanyโ s Division for...

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  • May 25, 2015

    US pressure for more reforms

    Amid fears of backsliding political reforms in Myanmar, the United States has adopted a carrot-and-stick approach to ensure that the reforms stay on course. On May 14, President Barack Obama extended economic sanctions against Myanmar for another year, telling Congress the step is needed, despite...

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  • May 25, 2015

    Thanakha: Scent of a nation

    Thanakha trees can be found in places across Myanmar including Shwebo in Ayeyawady Region, Monywa and Wuntho in Sagaing Region, Pakokku, Yesagyo, Taungtwingyi, and Myaing in Magway Region, Pyin Oo Lwin in Mandalay Region, Hsipaw and Lashio in Shan State, Pyinmana in the central plains, and Taungoo. ...

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  • May 25, 2015

    Political dialogue may be initiated before election

    The KNU signed a pledge of peace and national reconciliation on Union Day (February 12). "There are five principles in the pledge of peace and national reconciliation. We have to do our best to implement these five principles. If the draft of the nationwide ceasefire agreement can be confirmed at...

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  • May 25, 2015

    Parliament to vet 137 bills

    Tun Tun Oo was asked by Lower House MP Thein Tun Oo how many bills the Union Attorney General's Office was scrutinising before being sent to Parliament. "There are 137 bills, including 21 for the administrative sector, 42 for social welfare, 30 economic and 44 others, in the hands of the office...

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  • May 25, 2015

    Report on plight of political prisoners nearly complete

    The AAPP started preparing the list of political prisoners in 2014 together with the Former Political Prisoners Society. Currently, the AAPP has collected about 3,000 political prisoners' data. On February 23, the AAPP released an initial report about the 1,000 political prisoners' lives. Aung Myo...

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  • May 25, 2015

    UPS expands operations in Myanmar

    ..., said that free and open trade in Southeast Asia would be a key driver of prosperity. He said the establishment of the Asean Economic Community (AEC) was central to helping foster opportunities for Myanmar's growth. He said the firm could help businesses in Myanmar harness these opportunities to prosper...

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  • May 25, 2015

    Stronger economic growth anticipated

    "Continued momentum in economic reforms will also be important," it said in the "Economic and Social Survey of Asia and the Pacific Report 2015". It projects 8.2 per cent growth in the 2016-17 fiscal year. Economic growth in the previous fiscal year, ending March 2015, is expected to ease to...

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  • May 25, 2015

    Local firm to run Thilawa port

    The MIC gave the firm permission to run a jetty and land development work, and the production of chemical fertilisers, flour, cooking oil, grain, sugar and packaging works. Ko Ko Gyi, one of Myanmar's top businessmen, owns Diamond Star. Sector A of the Thilawa Special Economic Zone, composed...

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  • May 24, 2015

    Tax on top-up cards

    According to the 2015/2016 Union Tax Law, commercial tax will be raised by five per cent, and telecom operators must raise taxes on mobile phone usage on behalf of Union Government. Therefore, customers will receive Ks 952 when they buy a top-up card worth Ks 1,000; the remaining Ks 48 will be paid...

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