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Myanmar MPs Vote to Regulate, Tax Chinese-Backed Banana Trade

NAYPYITAW – The Upper House of Myanmar’s Parliament on Monday approved a proposal to regulate China-backed banana plantations and levy a tax on the industry. Earlier this month, parliamentarian Dr. Khun Win Thaung of Kachin State submitted the proposal to the Upper House, saying tissue-culture banana plantations operated by Chinese companies are threatening the community’s […]

More has to be done to formalise business sector in Kachin: officials

There are only 19 large companies and just 1707 registered small and medium-sized businesses in Kachin State observing the stipulations of the Myanmar Investment Law 2016 , a government official said. Permanent Secretary of the Ministry of Investment and Foreign Economic Relations U Aung Naing Oo revealed this during Kachin Economic Forum held in Myitkyina, […]

Myanmar climbs six spots in world bank ease of doing business ranking

Myanmar moved up six places to 165th on the World Bank’s 2020 ease of doing business ranking in the bank’s latest report, which cites several reforms including creating an easier environment for starting a business and greater protections for minority investors. On Thursday, the World Bank’s latest report on ease of doing business ranked documented […]

Letter: Insurance shouldn’t be excluded from competition policy

MADAM – I am writing to raise two concerns in response to your September 27 article “State insurer to be exempted from competition watchdog”. The major concern lies with the prospect of the insurance sector being exempted from the Competition Law. In this regard, I agree with your unnamed source that “If the competition law […]

Singapore-listed Yoma in tie-up with Ayala unit for renewable energy projects in Myanmar

SINGAPORE – Myanmar-focused Yoma Strategic Holdings said on Monday it will form a strategic partnership with AC Energy, the energy platform of Philippine conglomerate Ayala Corporation. The two companies are looking to establish a 50:50 joint venture (JV) to scale up Yoma Micro Power (S) Pte Ltd (YMP) and to explore developing around 200 megawatts […]

Typewriters business still in demand in Myanmar’s Yangon

Clickety-clack sounds coming from typewriters are heard along a busy old street in downtown area of Myanmar’s Yangon, bringing vibes back from bygone golden era of typewriters. Along the sidewalk Maha Bandoola Park street, typists, mostly in middle ages, are seen busy hammering their fingers down on buttons of manual typewriters at stalls while their […]

Revenue dept collects K60m in business fines in 3 months

The Internal Revenue Department (IRD) collected nearly K60 million (US$40,000) in fines from businesses from June to August, a senior tax official said. Most of the fines were levied on shops for failure to put tax stamps on sales receipts for mobile phones, according to Daw Swe Swe Khaing, deputy director of the department. A […]

Myanmar Among World Bank’s Top 20 for Business Ease Improvements

YANGON – As the Myanmar government makes efforts to complete its ambitious goal to reach the top 100 of the World Bank’s ease-of-doing-business index 2020, the country was listed among the top 20 most-improved countries. A World Bank report listed Myanmar in the top-20 improvers in Doing Business 2020, alongside China, Bangladesh and India. It […]

Sparking the passion for fashion

When girls chat among themselves, you may have noticed us sometimes talking about what others are wearing. The girl with the black dress, does the colour really go with those shoes? Earrings and makeup, there’s a bit of a clash there. For Hadrien Amezza, a recent fashion-school graduate and brand manager at Yangoods, these are […]

Why Myanmar should sign the new Singapore Mediation Convention

Forty-six countries have already signed the new Singapore Mediation Convention (Convention), including the US, South Korea, China, Malaysia, India and Singapore itself. I would encourage Myanmar to also sign. This would provide another welcome alternative to the conventional court system for the resolution of international commercial disputes. One of the problems international businesses face in […]