Myanmar govt suspends 68 projects, waiting for new administration

YANGON – The Thein Sein government has suspended 68 projects, including coal-fired power plants, mining and private sector deals, to allow the next government to manage the assets when it takes office, according to state-owned newspapers. The report was published shortly after MPs discussed an urgent proposal last week calling the government to scrutinise the […]

Parliament rejects 200% tax increase on tobacco and alcohol

NAY PYI TAW—The Union Parliament on Monday (March 10) rejected a private member’s bill that proposed a 200 percent tax increase on tobacco products and alcoholic beverages. Members of parliament voted instead to maintain the current “vice tax” rates. Myanmar currently imposes a 100-percent tax on cigarettes and a 50-percent tax on other tobacco products […]