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Singapore, Myanmar to explore more tie-ups for firms in areas like urban solutions, transport & logistics

SINGAPORE – International Enterprise (IE) Singapore signed a memorandum of understanding (MOU) with the Myanmar Investment Commission (MIC) on Thursday (June 8) that will open doors for more Singapore companies to explore collaboration in urban and housing solutions, utilities, transport and logistics, manufacturing, oil and gas and professional services. The MOU was signed by IE […]

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Investor-friendly environment and human capital essential for Myanmar’s success in the Belt and Road Initiative

The Belt and Road Initiative: interview with Jonathan Woetzel, McKinsey senior partner and MGI director Jonathan Woetzel, senior partner of McKinsey & Company and director of the McKinsey Global Institute (MGI), told The Myanmar Times that success of the Belt and Road Initiative (BRI) in Myanmar would depend on the country creating an investor-friendly environment […]

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Myanmar: MRF, IRD to discuss withholding tax

The Myanmar Rice Federation (MRF) is going to negotiate with officials from the Internal Revenue Department (IRD) about withholding tax on high-income agri-businessmen, U Nay Lin Zin, joint secretary of Myanmar Rice Federation, told The Myanmar Times. The IRD is preparing procedures to levy WHT on agri-businesses with an income of K500,000 and above after deductions, […]

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Myanmar: Gas-fired plant in Mandalay to operate with BOT agreement

The biggest gas-fired power plant, with a capacity of 225 megawatts, will start operations in December this year in the Taungtha and Myingyan district in Mandalay Region, a senior official from the Ministry of Electricity and Energy (MOEE), told The Myanmar Times. The project, which is estimated to involve US$300 million (K410.18 billion) investment, is led by the Singapore-based Sembcorp, […]

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