Due to a decline in foreign earnings and reserves, President U Win Myint urged businesses to deal more in Myanmar kyat and less in foreign currencies at the Finance Commission’s meeting held in the Presidential Palace on April 9. The meeting was held to approve additional budgets requested by the union government and region or […]
Read MoreLocal businesses are now seeing a light at the end of the tunnel for the property and construction sectors, where demand has been low in recent years. A total of 32 property developers and construction companies were issued with developer licenses from the government last week, three months after a building management committee was formed […]
Read MoreA new education life insurance aimed at embedding savings culture for the future education of the children in case of the death or injury of the parent or a caretaker has been launched. State-owned Myanma Insurance and 11 private insurers introduced the first education life insurance within the local insurance market on April 9. […]
Read MoreSince 2017, when international ride-hailing companies penetrated the Myanmar taxi market, MPs and local taxi companies have urged the regional government to set rules and regulations that ensure a level playing field for the industry. However, the authorities have yet to enforce regulations on foreign ride-hailing companies. With Uber having pulled out of Myanmar last […]
Read MoreThe Internal Revenue Department (IRD) has been spending K3 billion annually buying tax stickers from other countries, said Daw Swe Swe Khaing, deputy director of that department. “Approximately, we spend K3 billion buying tax stamps per year,” she said yesterday. The stamps Local private firms were invited to take part in a tender to import […]
Read MoreThirty professionals and regulators became the first batch of directors to be certified in Myanmar, following the conclusion of the country’s inaugural Directors Certification Programme. The three-day intensive programme was developed by the Myanmar Institute of Directors (IoD) together with IFC, the World Bank’s investment arm, in partnership with the Singapore Management University Executive Development. […]
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