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Myanmar: Lack of accountability and clarity in SEZ Law highlighted in Dawei

An inadequate legal framework, poor implementation process, absence of accountabilities and the lack of transparency lead to violations of human rights and environmental disruption in Myanmar’s Special Economic Zones, speakers at the Myanmar Special Economic Zones Forum highlighted. The event was held in Dawei township, Tanintharyi Region on July 11. Special Economic Zones (SEZ) have […]

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Myanmar should renegotiate expensive loans from China

Myanmar must renegotiate the terms to its existing loans from China, as these loans have saddled the country with the burden of repaying the loans at high interest rates, economists say. Of the US$600 million in foreign debt repayments due from Myanmar this year, interest payments, mostly to China, make up about a third, data […]

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SC Auto to set up $30m bus factory in Myanmar

Bus manufacturer SC Auto announced yesterday it is setting up a $30 million facility in Yangon, Myanmar, with support from International Enterprise (IE) Singapore, as it seeks further growth for its business. The 16,000 sq m facility, slated to begin production in the fourth quarter of next year, will enable SC Auto to increase its […]

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Indonesia reaches tax deal with Google for 2016

JAKARTA (REUTERS) – Indonesia has reached a settlement with Alphabet’s Google for 2016 in their dispute over taxes, the country’s finance minister said on Tuesday (June 13). “We already have an agreement with them based on 2016. But we can’t disclose the figure, that is a secret,” Indonesia Finance Minister Sri Mulyani Indrawati told reporters. […]

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