All of Chin and Rakhine, Most of Kachin to Offer 7-Year Tax Breaks Under New Investment Rules

​​ The Myanmar In­vestment Commis­sion has released a list of townships that will be able to offer in­vestors special income tax exemptions under the new investment law, due to come into effect next month. The commission has di­vided the country’s town­ships into three categories from Zone 1, least devel­oped, to Zone 3, most de­veloped. Investors […]

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 […]

Shwedagon Pagoda to be Discussed as World Heritage Site Nominee

​​ RANGOON — Shwedagon Pagoda will be discussed as an addition to a UNESCO tentative list that will inform future World Heritage nominations, according to a UNESCO Rangoon announcement on Friday. Meetings between UNESCO and the Ministry of Religious Affairs and Culture will be held at Rangoon’s Department of Archeology and National Museum office on […]

What the US can learn from Myanmar about infrastructure investment

America’s infrastructure is headed down a bumpy road, and unless the country takes drastic action to fix its ailing transport, water, and other infrastructure systems, it might well wind up with the types of struggles I’ve witnessed recently in Myanmar. I am here in Myanmar teaching an international business class for our MBA students as […]

First Private Bank Cleared for Listing

​​ First Private Bank will become the fourth firm to list on the Yangon Stock Exchange this month. The lender, which claims the oldest banking licence in Myanmar, has published its finances, expansion plans and fears ahead of the listing – offering a window into the challenges facing the country’s smaller banks at the start […]

Ready to Rumble?

​​ Weekend investigates the sleeping giant underneath Yangon. It’s not a matter of if, but when. This verdict comes up time and time again when speaking to local and international experts on the likelihood of Yangon’s next big earthquake. Why? The largest city in Myanmar is currently facing twin threats of bad location and bad timing. […]

Myanmar Probes Controversial China-Backed Dam

YANGON: Myanmar is probing whether to resume construction on a controversial Chinese-backed dam, state media reported Saturday, with promises to listen to fierce public opposition to the project. The fate of the $3.6 billion Myitsone dam in northern Kachin state has hung in the balance since it was abruptly halted by Myanmar in 2011 following […]

Myanmar’s Logging Ban Feeds shadow Economy of Illegal Trade

For the duration of the ban, which runs into April 2017, any demand for wood is expected to be met through stockpiled wood controlled by the government’s logging entity Myanmar Timber Enterprise (MTE). The ban is seen as a way to not only protect Myanmar’s forests but to save lives. In 2012 the UN ranked […]

Cement import license seekers found the highest in Myitkhina, Kachin State

Out of export and import license seekers through border areas, the number of cement import license seekers is found to be the highest in Myitkyina, Kachin State. The cement licensees are the highest there because there are not many license seekers in Myitkyina, said U Htein Lin, the assistant director from Myitkyina import and export […]

Government Fixes Price for Massive Jade Stone at US$6 Million

RANGOON — The price of a massive unearthed giant jade stone in Hpakant Township, Kachin State, has now been fixed by the government’s Myanmar Gems Enterprise as worth around 7 billion kyats (around US$6 million). The 210-ton stone was discovered on Oct. 10 at Yadanar Taung Tann Gems Company’s mine, which is operating in a […]