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New Chair of Kyaukphyu SEZ Wary of Chinese Loans

YANGON — Myanmar will endeavor to take on no loans from China to complete the Kyaukphyu Special Economic Zone (SEZ) but would offer the developer no sovereign guarantees to mitigate risk if it does, said the project’s new chairman, seeking to allay fears of a debt trap. Sean Turnell, an economic adviser to State Counselor […]

Yangon Fishery Department to adopt Japanese technology to hatch rohu

The Yangon Region Fishery Department will conduct rohu hatching with the help of Japanese technology, according to a recent report in Myanma Alinn. The species of short-headed catfish will be added into the Twantay hatchery, in cooperation with Japanese livestock experts. We have carried out tissue experiments on dead fish and live fish, with the […]

Want to Buy North Korean Hotels and Airlines? Look to Myanmar

As the world waits to see if U.S. President Donald Trump and North Korea leader Kim Jong-Un actually meet, investors hoping to profit from peace on the Korean peninsula could learn lessons from Myanmar. The Southeast Asian nation became a significant drawcard for foreign investors when it began reforming its economy in 2011 after decades […]

Companies face hefty fines for failing to file taxes: IRD’s Aung Myo Oo

The Internal Revenue Department (IRD) on Tuesday gave a stern warning that companies in Myanmar must file their taxes by June 30, otherwise they stand to face a heavy fine that could be up to 150 times the size of their actual tax bill. “Trying to dodge tax could be a risky task. If they […]