Coal-fired plants will continue to be in use despite objections by different groups on grounds of health and environmental pollution, Ministry of Electricity and Energy deputy minister U Tun Naing said. He told the Amyotha Hluttaw, the upper house of Myanmar’s national bicameral legislature, that the government intended to go ahead with the construction of […]
Read MoreLower rents are lifting occupancy levels in the Yangon office market but political uncertainty is deterring new entrants, according to a report by a new property consultancy. Since 2016 the slow pace of economic reforms and the Rakhine refugee crisis have caused business optimism to “trail off”, Picon Deed Property Consultants says. The slowdown hit […]
Read MoreThe chorus of voices defending and opposing the reduction of tax rates for undisclosed income has come to the fore again following the submission of the Union Tax Bill 2019 to the Pyidaungsu Hluttaw earlier this month. The proposed tax reduction rate, or tax amnesty, could see tax rates revised to 3 percent for income […]
Read MoreMyanmar Airways International has appointed Korea’s Meebang Air Agencies Co as its general sales agent (GSA) to facilitate collaborations with a network of trade partners in the country to offer Korean travelers affordable air travel options to and from Myanmar. As part of the largest airline group in Myanmar, which also includes Air KBZ, Myanmar […]
Read MoreGemstones and jewelry have been omitted from the special commodities list in the 2019 Union Tax Bill submitted to the Pyidaungsu Hluttaw on August 7. “Previously, gemstones and jewelry were levied a tax of 15 percent under the special commodities list but since they now come under the Myanmar Gemstones Law, they’re excluded from the […]
Read MoreThe construction industry is hoping for lower taxes for the industry, which had been lobbied for last year but was not approved when the Union Tax Bill 2019 was submitted to Pyidaungsu Hluttaw on August 7. Section 25 of the bill includes the tax reduction asked for by the industry. Construction executives pointed out that […]
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