Telenor absorbs commercial top-up tax

Telenor absorbs commercial top-up tax Telenor has been subsididing a 5 percent commercial tax on telecoms since its launch, according to Telenor Myanmar CEO Petter Furberg. An update to Myanmar’s commercial tax law took telecoms off a list of services exempt from the 5pc tax on April 1, according to Mr Furberg. While Telenor complied […]

ICT City Project Plan Goes to Yangon Parliament

Data collected for establishing an “ICT City” (information and communications technology) in Yangon has been submitted to the regional government following the approval of the President earlier this year, according to Myanmar Computer Federation. The project, which is aimed at housing ICT and related businesses, retail space, training centres and research facilities, is slated to […]

Myanmar ranks 41 in natural gas reserves

Myanmar ranks 41 internationally in volume of natural gas reserves, according to a research paper by the Myanmar Development Resource Institute and the Asia Foundation. The paper quoted a report on energy sector from the Asian Development Bank that says the country has about 20 trillion cubic feet of untapped natural gas reserves. The report […]