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Authorities working on permitting liquor imports

Arrangements are being made to allow liquor, beer and wine imports, albeit within limits, U Aung Htoo, deputy minister for the Ministry of Commerce, said in Parliament. Supporting legislation will also be drafted. As Myanmar currently bans the import of alcohol, large quantities of foreign liquor, beer and wine are smuggled into the country on […]

Authorities urged to take action against growing zero-dollar tourism

The proliferation of zero-dollar tourism, sometimes known as zero-budget tourism, is prompting calls for action against such operations, which are largely run by Chinese nationals for tourists from China. Such tours have become a bane to the tourism industry of the region, with a crackdown by the Thai government in recent years highlighting the abuses […]

$97m FDI approved since April 1, as government targets $3b by October

One company among 18 investments greenlighted by the authorities last month will produce and sell automotives, U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA), said. The Myanmar Investment Commission (MIC) permitted eight foreign investments and 10 domestic investments on May 29. Among them, MIC-approved businesses include one […]

Myanmar pulses market examined

The permanent secretary of the Ministry of Commerce said that several strategies are being explored to restore the stability of Myanmar’s pulses market. The Myanmar pulses market was sent into disarray last month when India, the largest buyer, put severe restrictions on imported pulses in an attempt to protect the price of their own supply […]

Mandalay myothit charged higher taxes than downtown

The latest property tax assessments for the 2015-16 tax year have revealed that some areas of Mandalay’s myothit (“new town”), are more expensive than prime downtown locations. Mandalay Region approved the new standard on June 16. While Myanmar does not have a property tax, it does charge tax on transactions, which in Mandalay and Yangon […]

Authorities grapple with restaurants cheating on tax

A Scheme for tax labels to be affixed to local restaurant receipts is running up against widespread cheating, according to insiders. While some restaurants have taken to assiduously placing the stickers on each receipt, many others leave them off and avoid paying the taxes. “Different restaurants are taking different approaches,” said one 31-year-old resident of […]

Clampdown catches Mon betel traders

Betel nut wholesalers in Mon State’s Ye township said a number of government departments are checking their bonafides with a crackdown on illegal imports from Thailand. “Authorities at checkpoints entering Bago Region cannot tell our betel nuts and Thailand’s nuts apart, so they are stopping our trucks and delaying our trade,” said wholesaler U Aung […]

Myanmar launches first crisis management centre

Myanmar will launch its first crisis management centre on Wednesday to help authorities react more quickly and effectively to emergencies. Funded by the European Union, and costing some 300,000 euros, it will be based in Myanmar’s capital, Nay Pyi Taw. YANGON: Myanmar will on Wednesday launch a crisis management centre, the first of its kind […]