The prospect of Myanmar’s tourism hinges upon the country’s political development, the European Union’s top envoy told The Myanmar Times. “If a country is unstable or does not follow human rights or democratic norms, tourists, especially those from Europe, are less inclined to visit,” Kristian Schmidt, the European Union ambassador to Myanmar, remarked, while stressing […]
Read MoreMANILA, Philippines — Foreign investment pledges approved by the country’s investment promotion agencies fell 37.9 percent in the first quarter of the year, the Philippine Statistics Authority (PSA) reported yesterday. The PSA said investment commitments in the first quarter dropped to P14.2 billion from P22.9 billion in the same period last year. These cover investment […]
Read MoreMichael Jensen, managing director of Carlsberg Myanmar, didn’t bother to hide his frustration at the environment in which his brewery has been forced to do business in the country. “We are faced with a tax regime that is completely unfair, incredibly bothersome bureaucratic procedures and illegal trading of beer across the Thai and China borders,” Mr Jensen told The […]
Read MoreDespite budgetary tensions, the government is working to pay a total of 3.25 trillion kip owed to private companies under the triangle-debt-diversion disbursement initiative. Addressing the National Assembly yesterday, Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, clarified the government’s position regarding the implementation of this initiative. Mr Somdy said several companies had […]
Read MoreThe government has granted tax incentives to 64 companies since a revised regulation on fiscal incentives was issued in April, an official has said. “Sixty-four companies have got tax allowances. More investors have submitted documents,” said the head of the Industry Ministry’s Industrial Research and Development Agency, Ngakan Timur Antara, in Jakarta on Thursday as […]
Read MoreMANILA, Philippines — The Philippines’ trade deficit continued to swell in April on the back of weaker exports and double digit growth in imports, the government’s statistics agency reported Friday. The country’s trade gap sharply widened to $3.62 billion in April, higher than the $1.55 billion deficit in the same month last year. Total external […]
Read More
Thailand
