Myanmar is tuning up efforts to draw investments into the country. In Parliament Monday, the establishment of the new Ministry of Investment and Foreign Economic Relations was approved, paving the way for better coordination between related ministries and organisations on local and foreign investments and development projects implemented with foreign aid or loans. The newly […]
Read MoreLAST MONTH, the Revenue Department announced the introduction of a new headquarters tax regime called International Business Centre (IBC). The existing tax incentive regimes – International Headquarters (IHQ), Regional Operating Headquarters (ROH) and International Trading Centre (ITC) – as of October 10, 2018 are no longer available to new applicants. Current beneficiaries of these regimes […]
Read MoreMANILA, Philippines — Local farmers are poised to lose P60 billion every year with the Senate’s version of the rice tariffication bill, a much higher value than the supposed fund to be allocated to improve their competitiveness, a farmers group said. The Federation of Free Farmers (FFF) has decried the mangling of the Rice Competitiveness Enhancement Fund (RCEF) […]
Read MoreDespite the state planning agency painting a murky picture of exports, the Commerce Ministry remains resolute in its 8% growth forecast for this year and next. Banjongjitt Angsusingh, director-general of the ministry’s International Trade Promotion Department, said Tuesday that exports are relatively strong despite a 5.2% year-on-year decline in September. She predicted that exports would fetch […]
Read More[SINGAPORE] Sea Ltd, operator of Southeast Asia’s biggest gaming platform, reported a wider third-quarter loss on rising investments at e-commerce unit Shopee. Net loss increased to US$218 million in the three months ended Sept 30 from US$132.8 million a year earlier, the company said. Total revenue rose to US$204.9 million from US$94.1 million. Sea has […]
Read MoreThe European Chamber of Commerce Myanmar (EuroCham) and local industry organisation Myanmar Automotive Group (MAG) have signed an agreement to cooperate on efforts to advocate for a stronger automotive industry in Myanmar. The agreement signed by EuroCham’s Automotive Advocacy Group and MAG last week is expected to work on suggestions for the government to help […]
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