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Myanmar – New mining permits to be be approved soon: ministry

Myanmar will approve the applications of up to 158 new medium and large-scale exploration and extraction mining permits, said U Thein Soe, Deputy Permanent Secretary of the Ministry of Natural Resources and Environmental Conservation (MONREC). The ministry has received more than 3000 applications to conduct activities at the new mining blocks since July 2018 and […]

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EU puts Myanmar on money-laundering blacklist

The European Commission has added Myanmar to its list of states that pose high risks to the bloc’s financial system today (May 7) because of anti-money laundering and terrorism financing deficiencies. Cambodia, Barbados, Botswana, Ghana, Jamaica, Mongolia, Nicaragua and Zimbabwe are also included in the latest EU listing. Laos, Bosnia-Herzegovina, Ethiopia, Guyana, Sri Lanka and […]

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Myanmar opts for limited stimulus to counter pandemic

A stimulus package cobbled together by the government to mitigate against COVID-19 economic shocks has been largely welcomed by businesses and investors although details were vague. There are also doubts over the plan’s capacity to support swathes of Myanmar’s formal and informal economy. The government’s 15-page document, released April 27, listed more than 50 measures […]

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Draft over infrastructure linking Lancang-Mekong countries

Ministry of Post and Telecommunications (MPTC) this week opened discussions for the draft on 2020-2030 cooperation plan Lancang-Mekong countries. The purpose of the dissuasion is to review and comment on the draft concerning the infrastructure linking Lancang-Mekong countries. The Ministry of Post and Telecommunications’ Secretary of State, Khay Khunheng, who chaired the meeting said the […]

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Myanmar negotiates for funds to rescue embattled economy

The government is negotiating for foreign aid and assistance from the World Bank, Asian Development Bank and International Monetary Fund (IMF) to help it implement a stimulus plan aimed at providing relief to businesses and industries affected by COVID-19, said U Maung Maung Win, deputy minister of Planning, Finance and Industry. The COVID-19 Economic Relief […]

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