Companies listed on Yangon Stock Exchange (YSX) will now need to pay only 20pc income tax, according to the Ministry of Planning and Finance. The stock exchange needs more companies to be on board in order for the stock market to grow and develop. Hence, a 5pc tax discount has been offered to those firms […]
Read More55 public companies which were given the green light to sell shares in the local over-the-counter (OTC) market must receive official permission from the Securities and Exchange Commission of Myanmar (SECM) first, U Htay Chun, member of the commission, told The Myanmar Times. The announcement comes a day after the Directorate of Investment and Company Administration […]
Read MoreLocal small and medium-sized enterprises (SMEs) in ASEAN’s fastest-growing market are unable to develop and grow because they are bogged down by a slew of bureaucratic and administrative difficulties, business leaders and politicians said. Local businesses in Myanmar have been suffering from challenges such as lack of access to capital and intellectual property (IP) protection […]
Read MoreIn 2017, Myanmar is projected to generate a maximum of 2,700 megawatts of electricity, up from around 2,500 MW in 2016, as the population expands and demand for power in the country continues to rise. Yangon, its largest city, is expected to generate almost half, or 1,300 MW of the country’s maximum electricity demand for the year, and […]
Read MorePromising opportunities are emerging for Myanmar’s oil and gas service providers. Leonard Oh, executive chair of Myanmar Offshore Supply Base, discusses his company’s plan. Last week, gas was discovered at Block A-6, off the coast of Southern Rakhine, at water depths of up to 4,570 meters. It was the deepest gas well ever drilled in […]
Read MoreAbout 2,000 workers have marched for a daily minimum wage increase and also called on the government to provide them with social welfare housings. The workers from the factories of Yangon, Bago and Thanlyin industrial zones on Sunday also asked authorities to impose penalty of imprisonment against employers who ignore the rules and orders of […]
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