An interim budget of K10.6 trillion for the six-month interim period between April 1 and September 31 was signed and approved by President U Htin Kyaw before he announced his resignation on Wednesday. Even though K100 billion-K130 billion was slashed from the government’s original budget proposal, spending is still expected to exceed revenue by more than […]
Read MoreThe govt has a mentality that, if something has to be done, “all you need to do is to pass a new law and that’s going to solve the problem.” It’s time to focus on communications with the private sector and actual implementation. Following New York-based Herzfeld & Rubin PC (H&R), another major law firm, which […]
Read MoreThe Yangon regional government will implement the regional development plan this year with public-private partnership (PPP) system, said regional Planning and Finance Minister U Myint Thaung on March 16. U Myint Thaung submitted the regional plan of Yangon within the six-month interim period from April to September 2018 to the Yangon regional legislature on March 16. The […]
Read MoreParliament yesterday approved the Union Tax Law for 2018 after omitting a tax amnesty clause proposed by the government. The proposal was rejected after five meetings among MPs, government officials and businessmen. Instead, a separate law on tax amnesty will be drafted. The government had originally proposed that resident citizens and non-resident citizens with undisclosed […]
Read MoreKBZ Bank, Myanmar’s largest privately-owned bank, has secured a partnership with Huawei to create an inclusive digital financial ecosystem. The partnership aims to give Myanmar citizens across the country greater access to finance and improve their quality of life through banking. Mike DeNoma, CEO of KBZ, said it is exciting to create an inclusive digital […]
Read MoreMyanmar needs to strengthen its strategy of repaying debt through the sovereign bond market, MP Daw Thet Thet Khaing said in Parliament last week. The country had internal debts of around K18 billion and foreign debts of around $9.1 billion as at January 31, 2017, according to the Ministry of Planning and Finance (MOPF). While […]
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Thailand
