Myanmar: Tax receipts fail to meet target Wednesday, 27 July 2016 – Tax receipts in the second half of last financial year fell below the government’s target, parliament heard on July 25. Fresh back from recess, Pyithu Hluttaw will be concentrating on budget-related matters as it enters its second session. The government has said it […]
Read MoreMyanmar: Yangon to develop river transport express system Tuesday, 26 July 2016 – The Yangon Region government is planning to build a river express system for passengers – part of fundamental transport reforms that government officials hope will bring a new wave of industrial goods and commuters onto the country’s waterways. Myanmar is unique in […]
Read MoreMyanmar: Rice price rises in Nay Pyi Taw Tuesday, 26 July 2016 – To the surprise of industry insiders, the price of rice in Nay Pyi Taw continues to rise. As of the last week of July, the price of one popular brand had reached almost K850,000 per 100 tins (each tin holds 9 gallons), […]
Read MoreMyanmar: Economic policy due soon: ministry Monday, 25 July 2016 – The Ministry of Planning and Finance is putting the finishing touches to its economic policy, which will be published “soon”, permanent secretary U Tun Tun Naing told The Myanmar Times. He said he has submitted a draft to planning and finance minister U Kyaw […]
Read MoreMyanmar: Myanmar consumers slow to adopt debit cards Friday, 22 July 2016 – Accustomed to cash, Myanmar’s small group of debit-card users is growing only slowly, according to bank officials, who say that bank cards are becoming more popular, but are mostly used to withdraw cash once a month, on payday. Kinks inherent in the […]
Read MoreThailand: Thai firm to invest in Mawlamyine power plant Friday, 22 July 2016 – Thai firm Siamgas and Petrochemicals Public Company is investing almost US$50 million in a gas-fired power plant in Mawlamyine township, it said yesterday in a filing to the Stock Exchange of Thailand. The company has set up a wholly owned Singaporean […]
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