The Belt and Road Initiative puts Myanmar’s natural capital and the lives and livelihoods of 24 million people – half of the country’s population – at risk, according to a report from World Wide Fund for Nature in Myanmar. Road projects proposed as part of China’s Belt and Road Initiative would provide transport infrastructure to areas […]
Read MoreStart-ups and small and medium-sized enterprises (SMEs) are now calling for equal treatment of foreign and local banks as this will give them more options to borrow money for growth. The development arrives after the Central Bank of Myanmar (CBM) said it would not be reducing the high lending rates charged by local banks that […]
Read MoreThe Hanoitimes – Vietnam’s military-run telecommunication group Viettel to invest US$1.5 billion to expand country’s 4G network. Viettel Group, the largest mobile network operator in Vietnam, said it will launch its services in Myanmar next month. Myanmar will be Viettel’s 10th foreign market, following the launch of operations in countries including Cambodia, Laos and Mozambique. Viettel, […]
Read MoreThe Ministry of Planning and Finance (MOFP) submitted a proposal that will enable income not declared in the past to be taxable at the appropriate rate under the 2018 Union Tax Law. The proposal was submitted to Parliament on Tuesday. “This represents an opportunity for the Inland Revenue Department to collect taxes on previous years’ […]
Read MoreThe Inland Revenue Department (IRD) is planning to stop levying withholding tax starting April 1 onwards in a bid to boost the economy, it revealed during a weekend discussion. The discussions, which took place with the Yangon Regional Government, Union of Myanmar Federation of Chambers of Commerce and Industry and other business associations, were held […]
Read MoreKUALA LUMPUR: Consumer spending is expected to grow by about 5% to 6% this year in line with the country’s economy, said Minister of Finance II, Datuk Seri Johari Abdul Ghani. He said on Friday Malaysia’s economy was expected to expand by between 5% and 5.5% this year. The increase in purchasing power was due […]
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Thailand
