New customs system scheduled for November

The government aims to have an automated cargo clearance system adopted by all customs departments in Yangon by November, before possibly extending the program to the country’s land border points, an official has told The Myanmar Times. The Myanmar Automated Cargo Clearance System (MACCS) is being rolled out between August and October, and will make moving […]

Real estate income tax to rise five-fold from April 1

Imposition of income taxes on real estate is set to rise five-fold starting from April 2016, according to the Tachileik Internal Revenue Department. “The Imposition of land tax on real estate and buildings is going to increase about five times over. It has already been discussed in parliament. As such, whether it’s the buying or […]

Phone smuggling booms

Mobile phones smuggling is on the rise and contraband worth around Ks3 billion has been confiscated in the last three years, according to the Prevention and Control of Illegal Trade Central Committee. There were many cases of smuggling across borders or bypassing the customs at Yangon International Airport by using dummy products, it reported. “Nowadays […]

New domestic airline to begin flights in March

A new domestic carrier, Apex Airlines, will be among the first in Myanmar to offer dynamic pricing when it starts flying next month, a senior company official says. Chief operations officer Selva Kumar said Apex’s first aircraft, an ATR 72-600, would arrive in Nay Pyi Taw in mid-February, with a launch planned for late March. […]

Dawei Economic Zone ‘Lacks Clarity’ as Another Thai Firm Claims Deal

A little-known private company based in Bangkok is the latest to lay claim to becoming the major electricity provider for the Dawei Special Economic Zone—a project to build a regional economic hub in southern Myanmar that has generated much talk, but little action. Andaman Power & Utility Company Limited says it has been chosen by […]

“Chang Beer”, the top-trafficked beer into Myanmar: officials

Beers and inexpensive food products were the most seized among the illegal imports from Thailand into Myanmar through border areas, according to officials from mobile teams operated by Department of Border Trade (DBT) under the Ministry of Commerce. Two mobile teams have seized Ks 266 lakhs worth of the products within just few days from […]