fbpx

Chin State seeks 10 year tax exemptions

The Chin State Chamber of Commerce and Industry (CCCI) is asking the government for approval to raise the tax-exempt period granted to investors in the state to be raised Ceu Hlei Lian, the chair of the Chin State Chamber of Commerce and Industry submitted the request to the Private Sector Development Committee headed by Vice […]

Myanmar’s economy depends on Rakhines stability: trade body

Despite rich resources and good geographical location, Rakhine State has many challenges to overcome if it is to attract foreign investments, people in the business community say. “Foreign investments have slowed due to conflict in the state. The economy of Rakhine needs to be promoted first and only when it is conducive, will problems such […]

Korean Jewelry Firm to Produce Jewelry in Myanmar

Apple Design Jewelry Company Limited, a joint venture between South Korean and Myanmar investors, will be crafting silver and gold jewelry, according to Directorate of Investment and Company Administration. The firm is investing $2 million, and will operate its business on No.112, Myaydaing Quarter, Than Choke Won U My Street in East Dagon Industrial Zone, […]

New ministry, ‘single-window’ system to help investors do business

Myanmar is tuning up efforts to draw investments into the country. In Parliament Monday, the establishment of the new Ministry of Investment and Foreign Economic Relations was approved, paving the way for better coordination between related ministries and organisations on local and foreign investments and development projects implemented with foreign aid or loans. The newly […]

Better oil and gas deals needed in the future, say experts

Efforts must be taken to lessen Myanma Oil and Gas Enterprise’s (MOGE) tax burden from contracts signed with joint-venture firms to work offshore oil and gas fields, a report states. According to the “State-Owned Economic Enterprise Reform in Myanmar: The Case of Natural Resource Enterprises” report by the Natural Resource Governance Institute (NRGI) and Renaissance […]

More Singapore firms planning to invest in Myanmar in next two years

Singapore companies have big plans to expand in ASEAN over the next two years and Myanmar, with its growth potential and overall investment climate, is on the cards for many, according to a recent survey by the Singapore Business Federation (SBF). The survey, conducted from December 2017 to March 2018, collected views from 1036 Singapore […]

Foreign Investment in Myanmar on the Rise: Deputy Minister for Planning and Finance

YANGON—Myanmar’s deputy minister for planning and finance said foreign investment in Myanmar is on the rise, stating the country has so far attracted more than $12 billion in foreign investment since the National League for Democracy (NLD) government took office in 2016. U Set Aung told the country’s Lower House on Tuesday that from 2016 […]

Myanmar Fails to Advance in World Bank’s Ease of Doing Business List

YANGON—Myanmar showed no improvement in its overall ranking in the World Bank’s latest ease of doing business index, retaining the No. 171 spot it held last year—and remaining the least favorable ASEAN member country in which to conduct business. Illustrating the ambitious nature of the government’s goal of reaching the top 100 by 2020, Myanmar […]

Colliers Property Report : Yangon Office 3Q2018

Summary & Recommendations Given the absence of new project completions, the citywide occupancy rate further inched up as at the end of Q3 2018. Meanwhile, the net absorption rate at the end of the quarter is only half the amount recorded from the same period last year. Looking ahead, we expect office demand to increase […]

Plan for Mandalay terminal worries bus owners

Bus operators have expressed reservations about the final design of the Chan Mya Shwe Pyi (Kywel Sel Kan) bus terminal in Mandalay, which is touted as one of the most modern in the country. The final design of the upgrade was submitted last month to the Mandalay City Development Committee (MCDC) by M-Development Corporation Co […]