For the first month of this fiscal year, 36 businesses, approved under two older investment laws, have been permitted to operate, according to Myanmar Investment Commission (MIC) secretary U Aung Naing Oo. They include 24 foreign investments – worth US$656.277 million – and 14 domestic investments, which are worth US$186 million (or K366 billion), he […]
Read MoreYANGON (REUTERS) – Uber Technologies is only hiring government-accredited taxi drivers in Myanmar, a regional executive said, a move that allows it to avoid the legal hurdles that have dogged it across Asia in one of the region’s last frontier markets. This partnership with local taxi drivers and their unions is unique to Myanmar, Sam […]
Read MoreMore than a year ago, the Myanmar Times asked the European Union ambassador Roland Kobia for his views on the priorities for the new government. Roland Kobia, a Belgian, became the first resident ambassador of the European Union to Myanmar in September 2013, having previously served in the Democratic Republic of Congo, Kenya and Azerbaijan among others. […]
Read MoreAs part of the interview, EU ambassador Roland Kobia spoke to The Myanmar Times on the importance of political stability on investor confidence and the economy. Apart from the issues you mentioned, what concerns do EU businesses have? I want to raise another issue, the political factor. The new government has been in power for […]
Read MoreWater vehicles will start serving commuters in early June with ships and boats bought from Thailand and Australia, according to Daw Tint Tint Lwin, CEO of Tint Tint Myanmar. The Yangon regional government had promised to implement a water taxi system on the Hlaing River and Nga Moe Yeik Creek. Tint Tint Myanmar won the […]
Read MoreIn a meeting on April 30, gold entrepreneurs and traders decided to suspend the commercial tax on pure gold in 2017. Earlier, they have collected signatures and sent a petition to the Legal Affairs and Special Cases Assessment Commission, Ministry of Planning and Finance, Ministry of Commerce and Ministry of Mining. They said that a […]
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