Paying tax is the duty of every Myanmar citizen. Without sufficient tax revenues, the country must rely on resource exports and foreign debt to fund its growing fiscal budget. However, many say the benefits of paying taxes to the government, which typically involve public infrastructure and subsidised healthcare and education, have so far been lacking. […]
Read MoreYoma Strategic, an affiliate of Yangon Stock Exchange-listed First Myanmar Investments Company (FMI), has successfully closed a placement of shares that will enable it to raise S$82.2 million in fresh funds in Singapore, where it is listed on the Mainboard of the Singapore Stock Exchange. In a November 5 statement, Yoma Strategic said the placement, […]
Read MoreHigh costs and a lack of travelers passing through some of Myanmar’s airports has resulted in at least four of the country’s ten airlines bypassing those locations altogether. Consequently, as many as eight airports have ceased operations in recent years, accounting for a quarter of Myanmar’s 32 domestic airports. Five out of the eight shuttered […]
Read MoreAS Dow Water & Process Solutions brings its international water treatment solutions to Myanmar, the firm plans to leverage its experience working with partners in Thailand over many years and apply it in the neighbouring country. Alan Chan, the firm’s commercial director for Asia Pacific, said in an interview that their experience in Thailand could […]
Read MoreMore than 150 prospective investors and small and medium sized enterprises (SMEs) from Cambodia, Myanmar, Thailand and Vietnam will be joining a business forum in mid-November in Bangkok in the hope of finding new business partners. Investors and SMEs from 19 provinces in Cambodia, Myanmar, Thailand and Vietnam (CMTV) situated along the Southern Economic Corridor […]
Read MoreDESPITE the government’s aim to push Myanmar up the World Bank’s ranking for ease of doing business, the country has fallen one place since last year and remains the least favourable country to conduct business within the ASEAN region. In the World Bank’s Doing Business rankings released on Tuesday, Myanmar ranks 171th out of 190 […]
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