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Friday, September 13, 2013

Illegal exports/imports to land jail time in Myanmar

Illegal trade control team inspecting at Warden jetty during the training period (Photo - EMG) The Myanmar government will apply prison sentences and seizure of goods to any illegal exports/imports. In the past, illicit traders were merely charged a discretionary fine for their offence. They could later claim back their illegal goods by paying the fine. However, dishonest exporters and importers will be punished harsher from September 16...

Myanmar’s foreign investment hits US$43 billion

                        Lapataungdaung copper mine project (Photo-Hein Min Htet)    Total foreign investment in Myanmar hit US$43 billion in August, according to Myanmar Investment Commission (MIC). Over 600 foreign businesses invested a total of $43.68 billion in twelve sectors as of August 31, MIC reported. “Myanmar...