NAY Pyi Taw has suffered from a tax loss of up to US$52 million due to illicit trade of beers in 2016, according to London-headquartered Euromonitor International research. Myanmar has an import ban of beer, but the market research firm said that up to 30 percent of all beer sold is illegal, a size of […]
Read MoreTHE BOARD of Investment (BoI) yesterday approved an extension to the period for applicants seeking tax privileges for investment in the Eastern Economic Corridor (EEC) to January 1, 2018, until December 30, 2019. The application period had been due to finish at the end of this year. It will also offer more tax benefit to […]
Read MorePETALING JAYA: Malaysia’s consumer price index (CPI) measuring headline inflation rose lower than expected 3.7% in October, compared with a Bloomberg survey of 4.1%, due to higher transport costs. Core inflation, which excludes food and fuel, rose 2.3% in October 2017 compared with the same month of the previous year. The Statistics Department said on […]
Read MoreMANILA, Philippines — Mining firms have invested billions of pesos to ensure responsible mining practices in the country, the Philippine Mine Safety and Environment Association (PMSEA) said. According to PMSEA, mining firms spent a lot on technology and world-class designs that could help them mitigate the risks in their operations. “Because of the technology, experience, […]
Read MoreAfter a boom which lasted more than a decade, the property market finally corrected in 2014 as a slew of new housing options came onstream. Since then, development of areas further away from the city center and better road networks connecting people to these new townships have kept prices relatively stable and affordable in Yangon, […]
Read MoreWee Wei Ling, executive director of Pan Pacific Hotel Group, isn’t at all worried about the glut in hotel rooms in Yangon. “There is definitely an oversupply. In fact, tourism has been declining recently. But we are long-term investors in Myanmar. We see the potential of this country and we would like to grow with it. […]
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Thailand
