The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), United Nations Global Compact Network Myanmar (UNGC Myanmar) and Ministry of Ethnic Affairs together established the Myanmar Ethnic Entrepreneur Association (MEEA) on Tuesday. he association was established to promote peace through sustainable economic development in the ethnic regions of Myanmar. It also comes […]
Read MoreParliament is set to approve the 2018 Union Tax Law today. The bill will include regulations on tax amnesty provisions under which tax payers who have failed to pay tax in the past will be given the opportunity to pay up under lower rates, said Pyidaungsu Hluttaw Speaker Mahn Win Khaing Than. According to the […]
Read MoreInvestors from Vietnam are taking an interest in the Myanmar market. After opening its first overseas office in Yangon last Friday, Vietnamese company Eurowindow, which makes doors and facades for buildings like office towers and apartments, also announced plans to invest up to $120 million to build two factories in the country. The first factory, […]
Read MoreThe Yangon Region government has once again come under pressure to solve the chronic shortage of parking space in the city. It will now take action against those responsible for leaving containers in car parks meant for public use, Yangon Mayor U Maung Maung Soe said in Parliament last week. In Yangon, some have been […]
Read MoreGreater Mekong Subregion (GMS) countries reached an agreement last week on the implementation of the cross-border transport facilitation agreement (CBTA), which, starting June 1, will enable the issuance of regional road transport permits and temporary admission documents for commercial vehicles. Transport ministers from Vietnam, Cambodia, Laos, Myanmar, Thailand and China signed on Thursday a memorandum […]
Read MoreThe Ministry of Commerce (MOC) is considering lifting a temporary ban on re-exporting sugar to boost Myanmar’s exports in the coming fiscal year, said U Yan Naing Tun, Director General of the Department of Trade under the MOC. Myanmar faces a fall in total export volumes and a widening of the trade deficit in the […]
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