The Union Budget Law for 2018-2019 which includes the government’s income and expenditure estimates has been approved by the Pyidaungsu Hluttaw. Those estimates include K19.9 trillion and K24.7 trillion, respectively, for income and expenditure during the period, resulting in a fiscal deficit of K4777 billion, according to budget estimates released by the government. The Ministry […]
Read MoreOver the last few years, more and more building projects featuring a combination of residential units, hotels, shopping centres and office spaces have been coming up around the city. The projects, called mixed-use developments, will add to the vibrancy of the city although there are those who fear they will compound the traffic situation. The […]
Read MoreGovernment is amending the tax laws to be clear as well as going to use IT technology for taxpayers to pay tax easily. The government will make existing tax laws clearer and start using technology to enable taxpayers to pay their taxes more conveniently. The tax collection system will be changed from the current paper-based […]
Read MoreMYANMAR’S hope for narrowing its inequality gap cannot be realised if the government fails to spend more on key sectors such as education, health and social protection, according to a global index released by Oxfam International yesterday. Myanmar ranks very close to the bottom in both global and regional indexes in “The Commitment to Reducing […]
Read MoreMyanmar’s currency crisis seems to have eased in recent days as a result of government actions, and to the relief of some market observers who feared an Argentina-style meltdown was in the making. Analysts, however, believe this is only a temporary reprieve as the economic fundamentals that gave rise to the sudden crash remain. If […]
Read MoreDESPITE international pressures on the government driven by ongoing conflicts in Rakhine State, Myanmar’s economy is projected post 7.1 per cent growth this year and 7.4 per cent next year, according to Hoe Ee Khor, chief economist of Asean+3 Macroeconomic Research Office (AMRO). At AMRO’s first-ever press conference in Myanmar on Friday afternoon, Hoe said […]
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