Despite the decline in import flow from Thailand at the Myawaddy border trade camp, the return of Myanmar workers from Thailand last month has no significant impact on bilateral trade, assistant secretary of the Ministry of Commerce (MOC) U Khin Maung Lwin told The Myanmar Times. Myanmar migrant workers without documents have been returning to their […]
Read MoreAn inadequate legal framework, poor implementation process, absence of accountabilities and the lack of transparency lead to violations of human rights and environmental disruption in Myanmar’s Special Economic Zones, speakers at the Myanmar Special Economic Zones Forum highlighted. The event was held in Dawei township, Tanintharyi Region on July 11. Special Economic Zones (SEZ) have […]
Read MoreMyanmar must renegotiate the terms to its existing loans from China, as these loans have saddled the country with the burden of repaying the loans at high interest rates, economists say. Of the US$600 million in foreign debt repayments due from Myanmar this year, interest payments, mostly to China, make up about a third, data […]
Read MoreTrade volumes amounting to US$29 billion have been targeted for 2017-18, with US$14 billion from exports, and US$15 billion from imports, said U Khin Maung Lwin, assistant secretary from the Ministry of Commerce. Acknowledging that imports are expected to exceed exports for the year, U Khin Maung Lwin said more focus will be placed on […]
Read MoreMyanmar workers holding temporary work permits are being advised to seek approval from labour authorities before leaving their designated areas for nationality verification. Waranon Pitiwan, chief of the Department of Employment, said migrant workers who hold temporary work permits, also known as pink cards, need to get a “ticket of leave” to travel to one of […]
Read MoreIn the second half of the last fiscal year, from October 2016 to March 2017, receipts from taxes on oil and natural gas extraction and income taxes were lower than expected. However, taxes on special goods and commercial tax including taxes collected from telecom operators was much higher than expected, totalling about K203 billion. The […]
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