No automatic tax breaks under new law

Companies investing through the Myanmar Investment Commission will no longer automatically receive a five-year tax break, but will be granted exemptions based on the nature of the project and its geographic location, MIC secretary U Aung Naing Oo said yesterday. The changes will come into effect when the new Myanmar Investment Law is passed, he […]

Precast concrete factory to be built in Myanmar

YANGON—The Youth Force Group of Companies (Youth Force), which is owned by a Myanmar citizen, says it will build a precast concrete factory here for low-cost housing projects with the assistance of Yau Lee Holding, Ltd, a top Hong Kong-based company. “Myanmar is now facing high demand for housing. A precast concrete factory will be […]