A new directive from the Ministry of Planning and Finance (MOPF) has reduced interest rate for microfinance loans and compulsory saving. The new rates are to take effect at the beginning of this month but the announcement was released after four days of the effective date, causing microfinance institutions to be in a difficult position. […]
Govt announces ‘project bank’ to get Myanmar building
February 4, 2019 by
The government has announced the launch of an online “project bank” which will change the way infrastructure programmes are planned, determined and funded. Speaking at the Invest Myanmar Summit in the capital city, deputy finance minister U Set Aung said the project bank will contain priority infrastructure initiatives which have been screened and approved by […]
Myanmar’s state-owned enterprises show how much reform is still needed
August 6, 2018 by
NOTHING has been made in the engine factory in Thagaya, in the south of Myanmar, since April last year. Yet around 350 employees still turn up each day. In 2016 government-owned factories like this one made a loss of more than $200m. When Myanmar moved from military dictatorship to a form of democracy, its new […]
India -Myanmar -Thailand highway: Project likely starts next month
June 5, 2017 by
Mumbai — To strengthen connectivity with Southeast Asia, the government is likely to kickstart work on highway from Meghalaya to Myanmar, as part of the India-Myanmar-Thailand trilateral pact, from next month. To strengthen connectivity with Southeast Asia, the government is likely to kickstart work on highway from Meghalaya to Myanmar, as part of the India-Myanmar-Thailand […]
New China Refinery Faces Delay as Myanmar Seeks Extra Oil Tax: Sources
October 13, 2016 by
A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nation, two senior Chinese industry sources said. PetroChina parent CNPC early last year began trial operations of a deep sea port and 2,400-km (1,490 […]
Ministry to announce the list of 1,000 top tax payers
December 11, 2014 by
The list of 1,000 top tax payers who has paid tax volume ranging from below the Ks. 50 million (US$50,000) to above Ks. 10,000 million (US$10 million) will be announced this week, according to a senior official of the Internal Revenue Department. After submitting the top tax payers’ list to the Parliament, the Ministry of […]
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