Free Knowledge... From People... To People
Search by Date Myanmar Version Mobile Version
 Business NEWS
Updated on September 22, 2018 From Myanmar Business Today

MFF Urges Government to Ease K1 Million in Fines for Illegal Use of Farmland

Myanmar Fishery Federation is pushing the Government to ease K1 million in fines for using farmland as fish and shrimp breeding ponds, U Win Kyaing, General Secretary of the federation, said at the meeting held on September 10.

“Our businesses need land. They can only grow when the Government ease policy,’’ he said.

The issue emerged after 2012 farmland law, which bans unapproved usage of farmland. MFF will try to solve the issue by consulting legal experts.

According to the new law, farmland across the country must apply to form 7, but fish and shrimp ponds were not able to apply it because they were not being used for agriculture. Now, the Government is making them pay K1 million per acre.

Article 19 of the law says that if individual breaches the law by using the farmland for other purposes, he shall be fined, his form 7 would be revoked, or all the assets shall be destroyed. Moreover, Article 35 of the law also says that those who use the farmlands shall be fined up to K 100,000-300,000.

MFF will appeal the government to reduce the fine for using farmlands as fish breeding ponds because it poses the barrier to the development of the industry.

There are over 450,000 acres of fish and shrimp breeding ponds and most of them don’t have the permission to be used for fish breeding.

View Count : 348 | Posted by www.free4reader.com
 

~ Latest News ~

Mineral Development Bank to provide loans to gems, mineral SMEs
Gems, jade stones put up for auction in Nay Pyi Taw
Jade traders call for WeChat ban
Ministry of Commerce Eyeing Mango Exports to the EU
Businesses positive over growth prospects
Rise in dollar rate, but drug prices remain low: MPMEEA chair
FATF to review Myanmar over money laundering concerns
Shwe Bite set to delight office workers with home-cooked food
Yangon hustle: the shadowy trade in gold and dollars
Masked man robs an online store in Yangon
Myanmar business organization calls on EU to deliberate on trade sanctions
AGD Bank Now Accepting EMVbased UnionPay Chip Card Transactions
Shwe Property’s Third Real Estate Expo Generated $28 Million USD
MRBEA to Implement Integrated Bamboo Industrial Zone
New Myanmar auto import policy announced
Myanmar-Singapore joint venture increases capital in aviation fuel import
Pigeon pea plantation acreage remarkably drops from uncertainty of India’s market
Rising demand for home loans could stabilise property market
Myanmar welcomes more investment from Hong Kong
Yoma Bank and MC Easy Microfinance sign two MMK 4 Billion Agreements
Counting on coffee for a strong boost in growth
Condos Yet to be Sold to Foreigners Despite New Law
Manufacturing sector attracts 60 foreign enterprises in past mini-budget period
Petroleum Traders Suggest Tax Changes to Bring Down Fuel Costs
Motorbike Sales Rise Due to Stronger Kyat Rate Against Chinese Yuan
Myanmar Outlines Challenges and Opportunities to Oxford Business Group
Suzuki launches new Swift, targets younger buyers
Rice export to China decreases due to wetness, arrests
Gold price rises above Ks1 million per tical in recent days
Singapore agency predicts a positive forecast for Myanmar economy
Myanmar Opens Five Pearl Farms for Tourists
Huawei unveils full-stack AI strategy, releases AI chips
Govt. calls for parking zone tenders
Myanmar earns US$630,000 from Maungdaw border trade export in Sept
Myanmar’s fruit exporters face difficulties with China’s quality inspections
Cotton price hits high of Ks1,750 per viss
ADB publishes estimated GDP figures for 2018/19
Consortium set to build 12 story high-rise in Yangon
Border trade between Myanmar and India reaches USD 87 million
China agrees to continue Kyaukpyu project based on results
More News