MIC divides country into three categories

The Myanmar Investment Commission has established three development categories, offering different income tax exemptions depending on the level of development. Under the Myanmar Investment Law, the least developed zones include 14 townships in Kachin State, seven each in Kayah and Kayin, nine in Chin, 35 in Sagaing Region, four in Tanintharyi, five in Bago, 13 […]

Samsung considers appliance plant in Myanmar

“Samsung Electronics is considering building plants to produce white goods in Myanmar as the company has been seeking new manufacturing posts to cut labor costs and improve efficiency,” sources told The Korea Times, Monday. It is negotiating on key conditions with the Southeast Asian country. “Investment will occur in a few years,” one said. “Looking […]