Myanmar’s policy for taxing digital advertisements is lagging behind technology advancement in the country. Therefore, new policies enabling the collection of taxes from online and social media platforms should be implemented as soon as possible to raise the government’s revenue, officials from Internal Revenue Department and businessmen told Facebook, which was introduced in Myanmar in […]
Read More(KPL) Representatives of ASEAN member countries of Cambodia, Lao PDR, Myanmar and Vietnam (CLMV) and Japan met in Vientiane Capital to discuss the promotion of the export of made-in-Laos agricultural products. “The majority, approximately 70%, of Lao people are engaged in agricultural production, so the agricultural development is very important to all people,” Vice Minister […]
Read MoreAs fuel can be imported freely from overseas, the volume and value of fuel imports into Myanmar is expected to rise this year compared to last year, U Khin Maung Lwin, Assistant Secretary from the Ministry of Commerce, told The Myanmar Times. “Gasoline has been allowed to be imported regularly into Myanmar. As the private sector […]
Read MoreSET-listed Thitikorn Plc (TK), Thailand’s leading hire purchase operator for motorcycles, has applied for a business licence to operate in Myanmar as it plans for regional expansion. Thitikorn plans to set up a new subsidiary company — Mingalaba Thitikorn Microfinance Co Ltd — with registered capital of 200 million kyat (4.9 million baht) once it […]
Read MoreINVESTORS and developers of Special Economic Zones (SEZs) have responded to criticisms from the Special Rapporteur on the Situation of Human Rights in Myanmar, who stated that all SEZs in the country have adversely affected communities. Kyaukphyu’s chief investor said it is the government’s responsibility to resolve the concerns related to land acquisition, while the […]
Read MoreThai Beverage, the Thailand-based spirits and beer maker, has bought a 75 per cent stake in Myanmar Distillery Company Group- (MDC) and its related supply chain business for S$1 billion. ThaiBev, which is listed in Singapore, said it raised the money through internally generated cash flows and external borrowings. It acquired the stake from four […]
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