Unscrupulous Tax evading actors are hurting the film industry

Famous Myanmar motion picture director ‘Wine’ has stated that government financially support for the country’s film industry is lacking as previous erstwhile administrations failed to tax those in the industry. “In order to entreat the government to financial support the film industry, how much should we pay them? Only after making our own contributions will […]

Hitachi forms joint venture to make and export transformers

Japanese company Hitachi Industrial Equipment Systems (HIES) will invest US$45 million to build a transformer factory, through a partnership with local company Soe Electric and Machinery (SEM), said the president of Hitachi, Masakazu Aoki. He made the announcement at a press conference in Yangon on July 7, where a joint venture between the two companies […]