The Yangon Region Work Project Scrutiny Committee and management committees of industrial zones are working together to expose entrepreneurs who have not officially declared their industries in the industrial zones, representatives of the businesses community told Mizzima on December 5.
Myanmar’s rice volatility is the highest among net rice exporting countries in Asia, preventing rice farmers from earning high profits and keeping many families at or close to the poverty line, according to the World Bank.
25 Nov Luxury cities & ghost towns
The supply of high-end apartments in Yangon will almost quadruple by 2017, albeit from a low base, with more than 10,000 new apartments in luxury condominium towers going on the market. The supply rush will start slowly with a total of about 1,100 new condominium units being completed in the second half of this year and about 1,200 units due for completion in 2015.
More than 80 percent of Yangon’s 7 million inhabitants do not have a bank account, according to a two-month survey carried out by Yangon-based Thura Swiss research and consultancy company.
Staff from the Yuzana company, one of Myanmar's largest conglomerates, have allegedly destroyed a road constructed by local farmers in Wa Ra Zup village in Kachin State's Hukawng Valley on November 14, reports the Kachin News Group.
|U Than Win Swe, CEO of United Amara Bank, (standing) assures bank customers that their savings are secure at his bank at a press conference in Yangon on November 4, 2014. Photo: Hein Htet/Mizzima|
United Amara Bank has responded to a move by the United States Treasure Department to blacklist MP U Aung Thaung saying the MP is not related to their bank, only his son.