Excise taxes on foreign liquor should be reduced from the current level of 60 pc to balance between deterring illegal imports and boosting tax revenues, U Bo Bo Oo, Pyithu Hluttaw MP from Sanchaung township told Parliament last week. “The special commodity tax should be reduced to prevent illegal trading and control the sale of […]
Read MoreFuel Pipeline Transportation (FPT) plans to conduct a feasibility study to extend an oil pipeline to Myanmar to capture dynamic oil demand. FPT is a subsidiary of SET-listed Bangkok Aviation Fuel Services. FPT chairman MR Supadis Diskul said the company has set up a study team in August to determine project viability. The oil pipeline […]
Read MoreDespite the important role small and medium enterprises (SMEs) play in the economy, repeated requests for more affordable loans and easier access to financing remain a challenge for the sector. One avenue for SMEs to access financing in Myanmar is via funds provided by official development assistance organisations such as Japan International Cooperation Agency (JICA). […]
Read MoreYangon’s Regional Tourism Committee recently announced that investments totalling US$238 million and K119.63 billion were approved for the region’s hotels and tourism sector between May and August. In the same period, the committee approved investments for 33 new hotels and eight guest houses, approved 18 new hotels, 400 new travel agencies, and 200 tour guides. […]
Read MoreCompany directors in Myanmar now face legal repercussions if they fail in their corporate duties under the new Myanmar Companies Law, which came into force last August. Articles 165-172 of the Companies Law includes a set of directors’ duties, aimed at ensuring that a company is properly run and managed in the best interests of […]
Read MoreBritain is signalling a shift in its trade policy on Myanmar to focus on opening up specific sectors where UK companies already have a foothold, including education, financial and professional services, infrastructure and energy. In an interview with The Myanmar Times, Warren Pain, director of international trade at the British embassy, set out how the UK […]
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