Friday, June 29, 2012

Myanmar seeks investors for second Yangon airport


28-Jun-12
YANGON (Reuters) - Myanmar is looking for investors to develop 
a second international airport for the commercial capital, Yangon
on the site of an old Japanese-built air strip from World War Two, 
state media said on Thursday.

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Burma pledges to end use of child soldiers


Thursday, 28 June 2012 13:21 Mizzima News
Burma will enforce a law against child soldiers and allow the U.N. access 
to military units to check for underage recruits, the U.N. said on Wednesday,
 following the signing of an agreement in Naypyitaw, the capital.

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Burma’s banking landscape changing fast


Thursday, 28 June 2012 14:47 Mizzima News
The total number of foreign bank offices in Burma now stands at 20, 
following the country’s rapid move to integrate with the international 
community. Krungthai Bank of Thailand is the most recent bank 
to make the move, and Siam Commercial Bank is planning 
to open a local office, say reports.

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Farmers in Kawthaung Fear Loss of Land


28-Jun-12
A group of farmers in Kawthaung Township, Tenasserim Division, 
say they are worried they will be evicted from their land after 
a local army installation put up a signboard last week announcing 
that it was the owner of the property.

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U.S. investments in Burmese oil, gas discussed at hearings


Thursday, 28 June 2012 13:32 Mizzima News
Allowing U.S. oil companies to invest in Burma’s rich off-shore oil and 
gas fields came up at the nomination hearing for Derek Mitchell 
to become the first U.S. ambassador to Burma since the early 1990s. 

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Burma suspends taxes on some agricultural items


Thursday, 28 June 2012 15:59 Mizzima News
Burma’s commercial tax on import of some agriculture-related items and 
domestic sales has been suspended for a period of nine months, 
state-run media said on Thursday.

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