Tuesday, May 15, 2012

Vendors protest taxation policies


14-May-12
Dried-fish vendors at a market in Arakan state’s capital Sittwe 
protested municipal authorities policies that promote “high” 
taxes last Friday.

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Sunday, May 13, 2012

Foreign airlines plan flight resumption to Myanmar


12 May 2012
YANGON - At least six foreign airlines have planned to resume flights 
to Myanmar since a year ago in wake of changes in the country but 
only two of them seem to be in readiness to start operation and 
the remainings are expected to follow the move after a time.

Myanmar may let in foreign lenders by 2015


12 May 2012
YANGON: Myanmar may allow foreign banks to set up operations through 
joint ventures with local partners by 2015 when South-East Asian countries 
are expected to formally integrate their economies, say bankers and industry 
officials familiar with the planned bank reforms.

Saturday, May 12, 2012

Thai, Burmese bank open remittance service


11 May 2012
Asian Green Development Bank and Thailand’s Kasikorn Bank signed 
an agreement on 8 May to create a remittance service between 
the two countries.

Company Destroys Land Despite Order to Stop


11 May 2012
Zay Kabar, a Burmese company that has been accused of illegally confiscating 
more than 800 acres of land from farmers in Shwenanthar, a village in Rangoon’s 
Mingaladon Township, has continued clearing the land despite being told to stop 
by local authorities.