Myanmar developer Dagon adds more agribusiness to its diet

YANGON — Dagon International will develop an industrial park here dedicated to food processing, the Myanmar conglomerate’s leaders told Nikkei on Thursday, tapping agribusiness in an effort to diversify beyond the core real estate segment. “In Myanmar, food factories are located in so many places lacking in internationally acceptable hygiene standards,” Chairman Win Aung said […]

IRD to raid shops in crackdown on illegal alcohol, cigarettes

Surprise inspections for alcohol, wine and cigarettes are beginning this month, the Internal Revenue Department said in a November 30 statement. A special team has been formed for the unannounced inspections, said an IRD official. There will be no advance warnings, he added. The IRD will seize goods that merchants have not paid tax on. […]

Myanmar border trade up by $500m

Trade at Myanmar’s border posts as of mid-November showed a 14% rise over last year despite a fall in trade at some locations due to armed conflict or natural disaster, according to the Commerce Ministry statistics. Total trade at the 15 border stations stands at more than US$4 billion, $500 million more than at this […]