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Myanmar puts out welcome mat for tourism investors

Renowned for its rich culture and heritage but isolated during decades of military rule, Myanmar was long regarded as one of the hidden gems of global tourism. But tourism has grown significantly since the country began opening up in 2011. To help the tourism sector develop to its full potential, the current civilian government is seeking […]

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EEC boosts interest in S-curve industries

THE GOVERNMENT’S Thailand 4.0 initiative and Eastern Economic Corridor (EEC) mega-investment programme have significantly boosted businessmen’s interests in automation and related technology investment, according to Chaiyot Piyawannarat, ABB’s managing director for Thailand, Myanmar, Cambodia and Laos. Chaiyot said many Thai enteprenuers are now keen to invest in the new growth or S-Curve industries such as […]

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New data demystify Myanmar’s jade sector

Myanmar’s gemstone sector is opaque and unaccountable. In 2017, the country scored just 27 of a possible 100 points and ranked 83rd among 89 assessments in the Resource Governance Index. However, new data are helping observers to unpack this sector and inform eventual reform. In March 2018, the Extractive Industries Transparency Initiative’s (EITI) Myanmar office published […]

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Myanmar: E-commerce sector under govt scrutiny for tax purposes

Government departments are rushing to manage and regulate e-commerce for tax purposes, according to the Ministry of Commerce (MOC) and Internal Revenue Department (IRD). Currently, e-commerce businesses mostly use Facebook to promote or trade products. Meanwhile, other online platforms created specifically for online shopping are growing quickly in the local market, according to the Myanmar […]

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