In a fresh move to lure more firms to set up shop in Myanmar, fees to incorporate or register a new business in the country will be reduced to K150,000 from K250,000 from October 1, the first month of fiscal 2019-20. The Directorate of Investment and Company Administration (DICA) yesterday issued Notification (84/2019) announcing amended […]
Read MoreLaos will continue to cooperate with regional and development partners to protect migrant workers’ rights, a conference in Siem Reap, Cambodia was told last week. Conducted under the theme ‘Toward the Protection of Migrant Workers in CLMTV Countries: Cooperation in Social Security’, the opening of the 3rd Ministerial Conference on Labour Cooperation in Cambodia, Laos, […]
Read MoreForeign executives and managers in Myanmar can now rely on a handbook about respecting the local culture in the workplace when it comes to defusing possible cross-cultural misunderstandings and potential disputes. The Directorate of Investment and Company Administration (DICA) and the Myanmar Centre for Responsible Business (MCRB) collaborated on the guide titled “Respecting Myanmar Culture […]
Read MoreMyanmar will take strict action against illegal trade with the aim of substantially reducing the volume of fake or illegal products entering the market, said U Soe Win, Minister of Planning and Finance. “Illicit trade can be reduced only if there are strict regulations against it,” he said at the Anti-Illicit Trade Forum held in […]
Read MoreParliament on Thursday approved the 2019 Union Tax Law, under which the tax rate for unassessed income is now as low as 3 percent. The motion was approved after the majority of MPs voted in favour of the new tax rates, which will take effect in the new fiscal year beginning October 1. Out of […]
Read MoreCentara Hotels and Resorts has joined forces with KMA Group in a bid to expand into Myanmar’s growing tourism market. Centara yesterday signed a 10-year agreement with KMA, one of Myanmar’s largest conglomerates, to operate Centara KMA Resort Inle Lake. Centara Hotels and Resorts has 75 hotel properties and aims to operate 134 in total […]
Read More
Thailand
