Burma’s roads claim over 500 in 2014
Traffic police attributed the accidents in most part to human error, including reckless driving and a general lack of understanding of traffic rules.
Tagged: imports
Dealers decry lost profit on car imports
The price of imported vehicles has rapidly declined as a result of the Burmese government’s “car slip” scheme, causing concern among dealers who are incurring major losses on import duties.
Thailand expects trade surplus with Burma by 2016, says bank exec
Thailand expects to have a bilateral trade surplus with Burma by 2016, fuelled by solid economic and cross-border trade growth, says a senior executive of Bangkok Bank.
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Burma’s emerging rich
As Burma’s economy steadily grows, a higher percentage of Rangoon’s population are finding themselves with more cash to spend.
Push to ban harmful Chinese snacks from schools
The Consumer Protection Association of Myanmar [Burma] will lobby against the sale of imported snacks from China at schools, after tests show high levels of harmful chemicals.
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Burma Business Weekly – 15 Feb 2014
BUSINESS in BURMA THIS WEEK – Germany forgives 740m Burmese debt; shares for Thilawa SEZ to go on sale; offshore oil and gas bidders await anxiously; and Burma struggles to compete with neighbours in rice market.
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Business in Burma this week
The Burmese kyat remains unchanged, CNPC crude pipeline almost ready, foreign alcohol could be a go, Japan pledges US$96m aid and while Burma’s business environment improves, analysts say many risks remain.
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Govt calls time on imported alcohol
Supermarkets in Rangoon are emptying their shelves of foreign brands of alcohol and cigarettes, after a government crackdown on illegal foreign imported goods.
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Business Weekly
BUSINESS IN BURMA THIS WEEK: Hotels open in Naypyidaw for SEA Games; India eyes pan-Asian gas contract; rubber deal signed with Japan; IMF’s Christine Lagarde is en route to Burma; and both Mercedes and Chevrolet plan auto showroom launches in Rangoon.
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Business Weekly
BUSINESS IN BURMA THIS WEEK: rice exports; Hyundai revs up for Burma; Foreign investment hits all-time high; Indonesia announces power plant plans; PETRONAS pledges green policy.
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New showrooms race ahead as old car dealers go bust
New import laws in Burma have led to a drop in car prices that has made cars affordable for ordinary people, but it is also putting former car dealers out of business.
Foreign trade increases as imports stream into Burma
Foreign trade during the past three months in Burma increased by more than US$ 600 million when compared to the same period last year; however, the surge in imports has resulted in a US$ 800 million trade deficit
Burmese trade to flourish under new US regulations: expert
Burmese exports in the garments, wood and farming industries are likely to flourish, as the US government prepares to lift import taxes on goods from the former pariah state, according to an economic expert
