MYANMAR is confident of attracting more investments from Thailand after a revamped companies law comes in at the start of next month, a senior official investment said. “We have great potential to welcome a huge influx of Thai investments over the next few years,” said Thant Sin Lwin, deputy director general of the Directorate of […]
Read MoreThe Ministry of Electricity and Energy (MOEE) will hold tenders for offshore oil and gas production in Myanmar by the end of the year, Daw Khin Htay, director from state-owned Myanma Oil and Gas Enterprise (MOGE) said during a July 13 press conference. “Tender rounds will be floated before the end of 2018,” she said. […]
Read MoreState -Owned enterprises (SOE) play dominant roles in Myanmar’s economy. Collectively, they generate about half the government’s revenue, spend half the government’s budget, and regulate much of the formal economy – from forestry to telecommunications to mining. Yet these entities have remained “black boxes”, with their activities and finances shrouded in secrecy. Over the past […]
Read More(KPL) The 2018 Mekong-Lancang Cooperation Media Summit was opened on Jul 2 under the theme “Cooperation in the Mekong-Lancang Community for a bright future”. Jointly hosted by the China People’s Daily of the People’s Republic of China and the Ministry of Information and Culture of the Lao PDR, the media summit drew heads or senior […]
Read MoreSince June 13, ride hailing companies operating in Yangon have been obliged to pay income and commercial tax to the Yangon government under the law, U Myint Thaung, regional minister of Planning and Finance said in parliament. Three ride-hailing companies currently operate in Yangon: Singapore’s Grab, which entered Yangon last year, as well as local […]
Read MoreThere is an “implicit bias against Chinese investments” in Myanmar, a report from the International Growth Centre argued, attributing the prejudice to the legacy of earlier Chinese projects in the country, including Myitsone Dam and Letpadaung Copper Mine. The way for Chinese firms to repair the tainted brand is to directly engage the affected communities and […]
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