Unions are welcome, and could help garment factories improve their corporate social responsibility functions, a leading manufacturer has said. U Aung Myo Hein, central executive committee member of Myanmar Garment Manufacturers’ Association, told The Myanmar Times that many factories in Myanmar had missed out on the global shift toward increasing social compliance over the past […]
Read MoreUnless lenders can help make housing more widely available through instalment plans 10 years or longer the property market will remain weak this year, say Yangon developers, but banks show little sign of being willing to extend their financing schemes. The commercial capital’s property market has been lacklustre for years, but demand is clearly stronger […]
Read MoreThe Ministry of Finance is re-inspecting and clearly defining sources of national revenue to enable the country to accomplish its 2017 target for revenue collection. The scheme is in line with the instructions given by Prime Minister Thongloun Sisoulith and Deputy Prime Minister and Minister of Finance Mr Somdy Duangdy, aiming to swell national revenue […]
Read MoreChina has approved the purchase of 20,000 tonnes of organic rice a year from Laos, according to Prime Minister Thongloun Sisoulith. Mr Thongloun said in talks with Khong district authorities in Champassak province last week that Chinese premier Li Keqiang had agreed to the deal. A rice grower in Savannakhet province works in his field. […]
Read MoreEfforts to introduce an effective, modern taxation system appear to be paying off as government coffers swelled last year, giving the state more revenue to use for development at a time when donor aid is drying up. Tax collection revenue grew by 15 percent to $1.49 billion last year, according to newly released data from […]
Read MoreVietnam’s military-run mobile network operator Viettel has been awarded a license to operate in Myanmar via a joint venture with two local telecom firms, less than six months after it was selected as the preferred foreign partner in the three-party consortium. Viettel Global, the outbound investment arm of the Vietnamese company, holds a 49 percent […]
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