EU plans to slash red tape for medium-sized companies

saceditor

News Image

  • EU plans to slash red tape for medium-sized companies

THE EU unveiled plans Wednesday to cut red tape for medium-sized companies and abolish barriers for businesses to sell goods across the bloc as part of its efforts to catch up with China and the United States.
The European Union wants to make doing business in the 27-country bloc easier and attract investment, as US President Donald Trump pushes an America First policy.
The latest raft of proposals come after the EU said earlier this year it would simplify environmental rules for farmers and businesses to boost economic growth. Brussels wants medium-sized businesses to benefit from some of the same exemptions -- including on data protection rules -- previously enjoyed only by smaller firms, to reduce their administrative burden. — AFP

Source: The Global New Light of Myanmar

EN-News-Category
Business news
Business-International news

Related News

EU plans to slash red tape for medium-sized companies
EU plans to slash red tape for medium-sized companies
THE EU unveiled plans Wednesday to cut red tape for medium-sized companies and abolish barriers for businesses to sell goods across the bloc as part of its efforts to catch up with China and the United States.The European Union wants to make doing business in the 27-country bloc easier and attract investment, as US President Donald Trump pushes an America First policy.The latest raft of proposals come after the EU said earlier this year it would simplify environmental rules for farmers and businesses to boost economic growth. Brussels wants medium-sized businesses to benefit from some of the same exemptions -- including on data protection rules -- previously enjoyed only by smaller firms, to reduce their administrative burden. — AFPSource: The Global New Light of Myanmar
Thu, 22-May-2025
Mawlamyinegyun Township sends large hilsa fish shipment to Yangon in April
Mawlamyinegyun Township sends large hilsa fish shipment to Yangon in April
Mawlamyinegyun May 20Mawlamyinegyun Township transported many visses of hilsa fish to the Yangon market in April, said Daw Lei Lei, a fishery products market trader in Mawlamyinegyun Township, Ayeyawady Region.Mawlamyinegyun Township sold only 52,000 visses of hilsa fish to the Yangon market in March last year, but from April 1 to 30, it sold 65,000 visses of hilsa fish to Yangon.“Local seafood products are regularly shipped to Yangon. Yangon is the main market for fish. In the past month, we have transported up to 65,000 visses of hilsa fish. The price of the fish also varies depending on the freshness and size. We know that the fish shipped from here is being re-sold to other regions in addition to the local market,” she said.The price of small hilsa fish transported from Mawlamyinegyun Township is 19,500 kyats per viss, medium hilsa fish is 25,000 to 35,000 kyats per viss, and large hilsa fish is 55,000 to 75,000 kyats per viss, depending on the size. KKLSource: Yadanar Bon Newspaper
Wed, 21-May-2025
Rentals go up in Yangon property market
Rentals go up in Yangon property market
YANGON property market is experiencing a good condition with more rentals, according to real estate agents. Due to the influx of relocating families, the rental market for houses and apartments in Yangon is continuously high, they said.“There are more rental deals because it’s the pre-monsoon season where house-moving occurs. Both houses and apartments are rented. Not very soon after one moves out, the next one moves in. Rental prices are K 250,000, K300,000 or K400,000 depending on the location and neighbourhood. Although the rental rate is high, there are still people who move in, or visit for training courses from the other cities, so transactions happen continuously,” said an agent.Rentals with deposits and the 6-month contracts are now becoming more common. “Recently, rental apartments are no longer cheap. Many of them are rented on a monthly basis, on a yearly basis or on a deposit. If the neighbourhood is clean and good, it is more expensive. Those who have moved from other cities with their elderly parents prefer to rent houses. As most people cannot afford a house, they usually rent apartments,” said a tenant.Yangon’s real estate market is currently experiencing a slowdown in sales, but the rental market is still thriving with good prices. — MT/ZNSource: The Global New Light of Myanmar
Mon, 19-May-2025
CBM sells over THB4.3M on 14 May
CBM sells over THB4.3M on 14 May
The Central Bank of Myanmar (CBM) sold over 4.3 million baht on 14 May 2025.CBM announced on 13 May that it would sell US$23.67 million to fuel oil traders and 50 million baht to importers. CBM sold over $1.62 million on 13 May and over $820,000 and 1.5 million baht on 12 May. CBM also injected over 3.6 million baht on 9 May again into the financial market after over 5.3 million baht and 723,000 yuan on 8 May, and $710,000 on 7 May into the financial market.CBM announced on 6 May that it would sell $33 million and 200 million baht to those engaged in the fuel oil industry. CBM sold 397,843 yuan on that day.CBM injected over $42 million, over 20 million baht and 500,000 yuan in April, over $126 million, 320 million baht and 3.6 million yuan in March, over $88 million, 7.5 million yuan and 161 million baht in February and over $124 million, over 13.8 million baht and over 4.8 million yuan in January.CBM aims to curb the instability in the foreign exchange market and currency devaluation. According to CBM’s notification on 15 March, it has been collaborating with law enforcement agencies to combat and prosecute those who attempt to manipulate the currency market under the existing laws. CBM allowed authorized dealers (private banks) to operate online foreign exchange trading freely as per the market rate, depending on supply and demand, starting from 5 December 2023. — NN/KKSource: The Global New Light of Myanmar
Fri, 16-May-2025
Japan weighs doubling stockpiled rice release to rein in price surge
Japan weighs doubling stockpiled rice release to rein in price surge
THE Japanese government is considering roughly doubling the supply of stockpiled rice to about 600,000 tonnes, as rice prices remain at near record highs amid a shortfall, sources close to the matter said Thursday.The government is studying releasing 300,000 tonnes of reserve rice over three months through July, in addition to 321,000 tonnes auctioned in three tranches between March and April.If the government goes ahead with the additional release, its stockpile will be down to around 300,000 tonnes, about a third of what is generally regarded as the appropriate reserve level. That may raise concerns over how the government will respond if there is another poor harvest due to a natural disaster or bad weather. — KyodoSource: The Global New Light of Myanmar
Fri, 16-May-2025
Trump secures $600 bil. Saudi investment on first leg of Middle East trip
Trump secures $600 bil. Saudi investment on first leg of Middle East trip
US President Donald Trump has secured a major investment deal with Saudi Arabia. The agreement includes what is said to be the largest-ever purchase of US-made weapons.Trump met for talks with Crown Prince Mohammed bin Salman in Riyadh on Tuesday. He said: "Our fighter jets, our missiles, our systems, Patriots, we have the best equipment. Beyond that, you're purchasing a lot of different things, and I appreciate it."The White House released a statement saying that the US and Saudi Arabia agreed to strengthen their "strategic partnerships." It added that Saudi Arabia is committing to an investment of 600 billion dollars in the US. Those funds include money for the arms deal, worth 142 billion dollars. The US will sell items related to missile defense, maritime security and modernizing the army, among others.Saudi leaders are hoping the purchases will allow them to maintain military superiority in the region.Trump is set to meet with Syria's interim president, Ahmed al-Sharaa on Wednesday, before leaving Saudi Arabia. He said he will issue an order to lift sanctions on the country. He will then to travel to Qatar and the United Arab Emirates.Source : NHK World
Wed, 14-May-2025
© Copyright 2024 SAC All Rights Reserved.