Over 570 business tax evaders uncovered in Mandalay

More than 570 businesses in Mandalay were found to be remiss in paying their taxes and were given ultimatum by an internal revenue inspection team to settle their arrears immediately, a senior revenue official said on Monday. U Aung Moe, deputy director of Internal Revenue Department in Mandalay, said the erring businessmen were uncovered during […]

Capital City’s second phase kicks off next year: engineer

The second phase of the massive Capital City project on Insein Road in Hlaing Township – which will comprise commercial buildings – will begin next year, said Kyaw Zayya, an engineer from Capital Development Company. Owned by Dr Ko Ko Gyi, a member of the President’s National Economic and Social Advisory Council, the company is […]

Myanmar growing at breakneck speed

When Singapore lawyer Chester Toh starting working in Yangon, Myanmar’s commercial centre, 18 months ago, his commute to the centre took 15 minutes; now it’s a 45-minute slog through increasingly clogged streets. Call it the price of progress, or reform to be more exact. Toh, a partner at law firm Rajah & Tann, told The […]