Parliament has suggested imposing taxes on three categories of income not included in the 2018 Union Tax Bill submitted by the government. The government had proposed levying a 3 percent tax on income not included in the bill that was submitted within the first half of the fiscal year and 5pc for income submitted within […]
Read MoreSouth Korea’s Posco Daewoo Steel Co Ltd and Millcon Steel Co Ltd of Thailand will co-invest with the government in a joint venture to operate a state-owned steel factory in Myingyan, Mandalay, according to a statement released by the Ministry of Industry. Posco Daewoo and Millcon Steel have already met with U Khin Maung Cho, […]
Read MoreThailand’s Kasikorn Bank (KBank) is joining with Myanmar’s biggest lender, Kanbawza Bank (KBZ Bank) to offer a staff exchange programme at the border cities of Mae Sot in Thailand and Myawaddy, Myanmar. The aim is to boost border trade between the two countries. The programme will focus on bank-based import-export settlements and boost the cross-border […]
Read MoreSingapore Myanmar Investco (SMI) announced on Monday that it has secured an exclusive deal to set up and develop The Coffee Bean & Tea Leaf (CBTL) brand in Myanmar, expanding its arrangement with the coffee chain. The move comes amid rising competition as Myanmar residents, particularly in Yangon, move up in to the middle-class bracket. […]
Read MoreFive years after two consumer protection rights associations were set up, Myanmar consumers are beginning to enjoy some rights supported by the government. This became apparent when the government-backed Department of Consumer Affairs responded to consumer complaints last year about a TV channel package purchased from Forever Group Company, one of the largest media companies […]
Read MoreAn agreement to design, build and manage a new $1.4 billion international airport in Yangon, Myanmar’s largest city, has “expired,” according to a Yongnam Holdings Ltd., a Singapore company participating in a consortium that includes JGC Corp. of Japan. Hanthawaddy International Airport was to have been built around 80 kilometers north of Yangon, near the […]
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