The authorities will suspend issuing car import permits to senior government officials, U Zaw Htay, spokesperson from the President’s Office, said during a press conference on January 31. “We are reviewing how such an incentive will impact the car market. Private businesses should not be disrupted and price should be stable. The government should not […]
Read MoreThe economic outlook for Myanmar for the coming year looks resilient, but the country faces enormous risks posed by internal tensions and international economic trends, according to the World Bank. In its latest Myanmar Economic Monitor — released last week and published every six months — the World Bank predicted that the country’s grow domestic product would […]
Read MoreForeign direct investment (FDI) into Myanmar is expected to grow this year, the Myanmar Investment Commission (MIC) says. Already, FDI into Myanmar in the first three months of fiscal year 2019-20 is double what it was in the same period in the previous fiscal year, the commission said. “Currently, FDI in the country shows obvious […]
Read MoreThe amount of taxes on sales transactions during the recently concluded Third Yangon International Gems and Jewellery Fair have yet to be determined, officials said. Several days after the conclusion of the fair, the relevant authorities still have not agreed on the taxes for certain transactions,” Daw Myint Thet Naing, vice chair of the Yangon […]
Read MoreMyanmar and China inked 33 agreements spanning infrastructure, power and trade during a bilateral meeting between State Counsellor Daw Aung San Suu Kyi and Chinese President Xi Jinping in Nay Pyi Taw over the weekend. However, no progress was made on the development of the Myitsone dam and six other hydropower projects totaling US$25 billion […]
Read MoreFew countries, if any, have experienced the exponential growth in mobile penetration and data consumption that Myanmar has seen over the past five years. Moving from 13 percent to 124 pc mobile penetration, Myanmar consumers have not only gone digital but now enjoy some of Asia’s best, most affordable network services. Today, the Myanmar telecom […]
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