A major shake-up in Myanmar’s administration is in the pipeline as the government tries to tackle obstacles that stand in the way of economic progress, improved transparency and a more efficient bureaucracy. The new strategy will concentrate on personnel, policies and reform, according to government insiders. “The government needs to urgently deal with corruption, bureaucratic […]
Read MoreConcerns of disruption and job losses are mounting among Myanmar’s gold leaf makers as demand rises for a swifter, more economical option to produce gold leaf sheets, used mainly for gilding at religious structures like pagodas. Now that machines capable of manufacturing gold leaf sheets are more readily available and affordable, the handmade industry is […]
Read MoreUnreasonably high tax and interest rates could lead to the collapse of Mandalay’s already ailing construction sector, U Shein Win, vice chair of the Myanmar Construction Entrepreneur Association (MCEA) told The Myanmar Times last Friday. Capital gains tax on the sale of a property in Myanmar is currently 30 percent, which is deterring activity in the real […]
Read MoreThe Myanmar kyat strengthened further last week after the Central Bank of Myanmar set its reference rate to K1,340 against the dollar last Thursday, its highest level in a year. The Central Bank had already set the reference rate higher atK1,345 earlier in the year. Strength is returning to the kyat and across most ASEAN […]
Read MoreSINCE MYANMAR’S lack of adequate infrastructure may deter potential investors, the government must urgently bring infrastructure development into focus, according to the Myanmar Infrastructure Forum held on Friday. The government’s clear decisions would drive the future of Myanmar, said Teo Eng Cheong, CEO International of Singapore, North Asia and Southeast Asia at Surbana Jurong Private […]
Read MoreIn a move to extend its presence in Southeast Asia, Malaysia’s Sunway Construction Group (SunCo) is planning to expand its portfolio to include work in Myanmar and Indonesia, its managing director Mr Chung Soo Kiong told the media in Kuala Lumpur this week. Mr Chung said his company will focus on developing infrastructure and other […]
Read More
Thailand
