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Myanmar: MRF, IRD to discuss withholding tax

The Myanmar Rice Federation (MRF) is going to negotiate with officials from the Internal Revenue Department (IRD) about withholding tax on high-income agri-businessmen, U Nay Lin Zin, joint secretary of Myanmar Rice Federation, told The Myanmar Times. The IRD is preparing procedures to levy WHT on agri-businesses with an income of K500,000 and above after deductions, […]

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Myanmar: Gas-fired plant in Mandalay to operate with BOT agreement

The biggest gas-fired power plant, with a capacity of 225 megawatts, will start operations in December this year in the Taungtha and Myingyan district in Mandalay Region, a senior official from the Ministry of Electricity and Energy (MOEE), told The Myanmar Times. The project, which is estimated to involve US$300 million (K410.18 billion) investment, is led by the Singapore-based Sembcorp, […]

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Myanmar: Thilawa SEZ zone B open to investors soon

Land plots in zone B of the Thilawa Special Economic Zone (SEZ) will be put on lease shortly because of high demand from investors, despite the issue of power outages in the area, according to Takashi Yanai, president of Myanmar-Japan Thilawa Development Limited (MJTD). Mr Yanai said 95 percent of the land plots have been […]

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Transport experts encourage Myanmar to adopt PPP model

AS Myanmar and its cities are developing the transport infrastructure, experts have advocated the adoption of the public-private partnership (PPP) model to speed up the development, according to a transport conference last week. International law firm Baker McKenzie, in collaboration with the British Chamber of Commerce Myanmar, hosted the conference “Myanmar: Moving Ahead Perspectives on […]

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Myanmar: MIC now mandated to exclude irresponsible investors

Under the new Investment Law and corresponding investment rules implemented in April 2017, the Myanmar Investment Commission (MIC) is now empowered to exclude investors who have abused human rights in any jurisdiction, according to the International Commission of Jurists (ICJ). Dr Daniel Aguirre, a legal adviser with the ICJ in Myanmar, told The Myanmar Times […]

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Myanmar: MIC now mandated to exclude irresponsible investors

Under the new Investment Law and corresponding investment rules implemented in April 2017, the Myanmar Investment Commission (MIC) is now empowered to exclude investors who have abused human rights in any jurisdiction, according to the International Commission of Jurists (ICJ). Dr Daniel Aguirre, a legal adviser with the ICJ in Myanmar, told The Myanmar Times […]

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