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Collected Taxes Surge by K100 Billion Over Same Period of Previous Fiscal Year
AUTHOR: ZIN THU TUN During the first eight months of FY 2018-2019, Myanmar collected over K4 trillion in taxes. These have come from taxes on income, special items, and lotteries, in addition to commercial taxes, taxes on court fees, and stamp taxes. This figure stands K100 billion higher than the taxes collected during the same period last year.
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02/07/2019 -
Government: Microfinance Institutions Must Form As Companies
AUTHOR: ZIN THU TUN The Ministry of Planning and Finance have ordered non-government organizations (NGOs) and international non-government organizations (INGOs) providing microfinance services in Myanmar to form as companies.
Read More02/07/2019 -
Digital Economy Association To License Online Shops
Author: Ei Thandar Tun :The Ministry of Commerce and the Union Federation of Commerce and Industry will be forming a new organization. It will be called the Digital Economy Association, and its purpose will be to handle disputes over products sold online.
Read More19/06/2019 -
SCG Myanmar Holds Build Pride
Author: Myanmar Business Today : SCG Myanmar organized “SCG Build Pride 2019” at Yangon Convention Centre in Inya Lake Hotel on May 24 to show appreciation for their partners.
Read More17/06/2019 -
PTTOR and KBZ to Jointly Build Fuel Storage and Gas Stations
Author: Tin Mg Oo : Thailand’s fuel distribution company PTT Oil and Retail Business Public Company Limited (PTTOR) and Brighter Energy of KBZ Group joined hands to build an oil storage facility and gas storage facility and open over 70 gas distribution stations.
Read More17/06/2019 -
Ichitan Partners with Dagon Win Win to Offer New T247 Energy Drink
Author: Tin Mg Oo : In order to seize on the burgeoning trend for healthy beverages within the expanding Myanmar market, a new energy hybrid energy drink, named “T247”, has been launched. This new drink is backed by Ichitan Group, Thailand’s leading beverage company, in cooperation with Dagon Win Win, a leading local distributor. Their ambitious goal is to achieve 60 MB sales in the first year.
Read More17/06/2019 -
Over 600,000 Acres of Available Land in Mandalay
Author: Tin Mg Oo :There is 627,149 acres of unoccupied land in Mandalay, the land is available for local and foreign investments, Dr. Zaw Myint Maung, Chief Minister of Mandalay Region, said at Mandalay International Trade Fair & Business Forum 2019.
Read More17/06/2019 -
Yangon To Build International Port at Mouth of Yangon River
Author: Tin Mg Oo At a press conference on Yangon Project Bank on June 3, U Phyo Min Thein, Chief Minister of Yangon Region, announced that his regional government will build an international port at the mouth of the Yangon River. It will be very much like the one in Singapore.
Read More11/06/2019 -
Foreign Investors Invited to Participate in Yangon Industrial Zone Development
AUTHOR: TIN MG OO At a press conference on June 3, Chief Minister of Yangon U Phyo Min Thein said that he welcomed the participation of both local and foreign investors to help establish new industrial zones, and upgrade existing ones.
Read More11/06/2019 -
Myanmar to Reduce Teak Production Over Next Three Years
Author: Ei Thandar Tun In an attempt to reduce the escalating deforestation issue, Myanmar is working to reduce its teak production to 24,000 tons over the next three years, according the Ministry of Resource and Environmental Conservation. This is part of the government’s plan to increase forest coverage in Myanmar, the country plans to lower production by producing 10,000 tons in the 2019-2020
Read More04/06/2019
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5 Key Potential Investment Sectors for Thai Investors
Author : Nattawin Phongsphetrarat, vice president of Thai Business Association of Myanmar (TBAM). " One of the very famous questions that has always been asked by the Thai investors for Myanmar is what the high potential business sectors are for Thai business. " There are many sectors that have high potential but TBAM committees have analyzed that these 5 sectors are the key potential
Read More08/04/2019 -
Telenor Holds Sustainable Business Briefing
AUTHOR: EI THANDAR TUN Telenor Myanmar hosted its 6th annual sustainability briefing to present an update on its ongoing and new sustainability initiatives within Myanmar. The presentation focused on key sustainability areas contributing to sustainable and responsible growth as Myanmar moves toward digital society. Key initiatives include Mobile Connectivity, Impact on Economy, Supply Chain Integrity, improving Safety, Operations in Ethnic Areas, Tackling Hate Speech and Empowering Society.
Read More02/04/2019 -
Telecom Operators Allowed to Sell Only 2 SIM Cards Per ID Card
AUTHOR: SWE LEI MON Telecom operators are not allowed to sell more than two SIM cards to an individual starting from April 1. The purpose of the change is to protect the privacy of users, according to the Department of Post and Telecommunications under Ministry of Transport and Communications. The Ministry has ordered all operators not to sell more than two SIM cards per identity card, and the Ministry will ban all other sim cards from that telecom from being registered under a single ID card. The reason is twofold.
Read More02/04/2019 -
Yangon Real Estate Only Seeing Demand for Rentals
AUTHOR: HTWAL SAN Due lack of investment in Yangon’s real estate sector, there is very little demand for real estate properties with exception of rental properties, according to local real estate agents. “Investment in real estate is very low and thus the real estate market is inactive. There is only demand for rental properties. Before, the prices were set based on location. But now there is no set price. If you like the price, you will sell it or buy it,” Daw Moh Moh Aung, Secretary of Myanmar Real Estate Services Association, said.
Read More02/04/2019 -
MDA Requests Government to Finalize Apartment Bill
AUTHOR: HMONE LAY Myanmar Developer Association (MDA) has made a request for government to prepare the Apartment Bill as soon as possible in order to protect apartment buyers. The law will allow for two things. First it enables apartment owners to legally register, sell or sub-lease their apartments in accordance with law, and secondly, the government will be able to legally collect tax on the sale of the apartment.
Read More02/04/2019
