Mandalay city wins international award

The Mandalay City Development Committee (MCDC) has won an international award for its efforts to implement reforms improve its efficiency in delivering basic public services. The Singapore-based GovInsider, an advocacy group on good and innovative governance, chose the MCDC as this year’s recipient of its Rising Star Award for the governance reforms and innovations it […]

Cash-strapped Myanmar govt desperate for education improvement: state counselor state

At an International Youth Day gathering in Naypyitaw on Monday, Myanmar State Counselor Daw Aung San Suu Kyi lamented a shortage of government funds while stressing an absolute desperation to improve the country’s educational system. “I don’t want to say our country is poor, but we are not a developed country,” Daw Aung San Suu […]

Myanmar Oriental Bank aims to improve with IFC support

The International Finance Corporation (IFC) is looking to strengthen its partnership with Myanmar Oriental Bank, according to the bank’s chair U Mya Than. Although foreign institutions are currently forbidden from owning any part of domestic banks, many expect the laws to change to allow more foreign participation. In the meantime, Myanmar Oriental and the IFC […]

Revenue Dept to Improve Tax Collection from Soaring Rent Rates

YANGON — The Department of Internal Revenue announced Monday that it would improve tax collection on income earned from rent rates across Myanmar and warned property owners to submit their earnings from rent soon. The announcement comes at a time of skyrocketing rent rates in the country’s commercial capital Yangon, which has seen companies and […]

Japan to Finance $24.5m to Improve Education

The Japan International Cooperation Agency (JICA) will fund ¥2.5 billion ($24.51 million) to help improve Myanmar’s education sector, the agency said. The project aims to improve quality of teacher education in the educational college, JICA said. Education colleges in Myanmar are institutes to train teachers in basic education. The said grant amount will cover for […]

IRD launches special taxation office

The Internal Revenue Department (IRD) has launched a taxation office on April 1 to improve tax services for large businesses and corporations. Experienced tax officers have been hired to provide high quality services at the newly opened Large Taxation Office, which will work together with the taxpayers to provide accurate information on filing taxes. The […]