The Mandalay Region government needs to have specific policies to boost small-and-medium enterprises (SMEs) in order to attract and grow high-skilled jobs. The Mandalay Region Chamber of Commerce and Industry (MRCCI) unveiled the 2019-2022 Mandalay Region Business Agenda last month suggested several initiatives including for taxation, regulations, labour and education that the regional government can […]
Read MoreA crackdown by China on illegal trade along the vital Muse border crossing located in northern Shan State as well as severe restrictions on agricultural imports continues to affect Myanmar’s border exports to the country. According to data from the Ministry of Commerce, exports declined 28.4 percent to US$2.74 billion from October 1, 2018 to […]
Read MoreIFC, a member of the World Bank Group, has been supporting the Building Control Authority of the Yangon City Development Committee (YCDC) in efforts to reform the construction permit system and improve the ease of doing business in the city. The Yangon Building Permit System, an automated, paper-free system, went online on July 1 and […]
Read MoreMyanmar citizens can now apply for a combined B-1/B-2 visa, which allows travel to the US for both business and/or tourism purposes, the US Embassy in Myanmar announced Monday. The single-entry visa is valid for three months and there is no issuance fee. “Building on the growing travel between our two countries, the US Embassy […]
Read MoreThe government is again proposing to reduce the tax rates on undisclosed incomes so that more will be willing to pay the taxes owed on those incomes. The proposal, which was part of the Union Tax Bill submission for the new 2019-20 fiscal year beginning October 1, was submitted to the Pyidaungsu Hluttaw on August […]
Read MoreMyanmar had outstanding foreign debt of US$10.2 billion and local debt of K20.725 trillion at the end of 2018, an increase from the year before, according to a report by the Union Office of the Auditor General. The report was submitted to the Pyidaungsu Hluttaw (Assembly of the Union) on Wednesday. Auditor General U Maw Than […]
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Thailand
