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 : 520 | Posted by www.free4reader.com
 

~ Latest News ~

Myanmar oil millers body targets FDA certification for 150 mills by 2020
Restaurant company expands into Thailand with local cuisine
Complaint lodged against illegal fishing near Taninthayi Coast
Local banks permitted to extend more mortgages
Fisheries sector upgrades as exports set records
Myanmar Edible Oil Millers Association Calls for Crackdown on Fake Cooking Oil
56th Gems and Jewelry Expo to be Held in March
Competition among hotel investors heats up in Myeik archipelago
Sino-Myanmar border trade falls by $562 mln in Q1
We Need Real Night Markets Like Thailand’s
China must act to stem Myanmar’s runaway meth trade: report
Consumers show strong interest in Myanmar products as import prices rise
Domestic fuel prices continue to slide
UMFCCI to Form an e-Commerce Association
Warning to New Credit Card Users
Bilateral trade with Indonesia up 11.8% in October
Prices of pulses up as market directly linked with Indian policy changes, demand: merchants
Myanmar wins award for research on biomass production
Yangon International Gems, Jewellery Fair to be held in Jan
IMF, World Bank revise down growth forecasts
Myanmar plans to sell natural gas produced from PTTEP block mainly for local use
ASEAN Labour Ministers Meeting Adopts Three Vital Documents For The ASEAN Workers - Kula Segaran
Myanmar loses out on forex losses as domestic debt rises
Myanmar’s own Henry Ford
KPO plans to sell Honda Jet aircrafts in Myanmar
RGO47 set to ride on Myanmar’s e commerce boom
Central Bank greenlights corporate loans by foreign banks
Pope Jai spearheads hiring the disabled in S’Pore
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
More News