Property taxes worth less than a cup of tea

Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]

Licenses issued for more than 280 trawlers, 161 boats in Maungtaw Tsp to overcome fishing challenges

Despite resumption of fishing which was suspended following deadly violent attacks in November and October and November last year, fishermen in Maungtaw District, Rakhine State, are facing challenges for nearshore fishing at night due to curfew order and labourers who have not yet received the National Verification cards. “More than four-month ban on fishing has […]

Licenses for over 300 mining blocks in Lonekhin, Hpakant to expire in September

A total of 321 mining blocks in Lonekhin, Hpakant will expire next month, it is learnt from an announcement released by Myanmar Gems Enterprise under the Ministry of Mines. The blocks in Lonekhin, Hpakant were granted a work permit for five to seven years whereas 83 blocks in Kannee were permitted starting in 2011. Similarly, […]

Proposed Vehicle Import Limits Dropped After Industry Outcry

After fielding numerous complaints from industry stakeholders in recent weeks, the government has made a policy about-face, backing down on most of its plans to restrict Burma’s vehicle imports beginning this year. The Ministry of Commerce last month made a controversial announcement detailing plans to tighten controls on the imported automobiles market, stating on Dec. […]

Bar revenues fall as curfew continues

The General Administration Department, which issues licenses to venues to serve alcohol, sets closing times at 11pm. In the past this rule has often been broken, but police clamped down on closing times in May, using a report of an attack by a male taxi driver on a female passenger to reinforce the law. Since […]

Ministry to give licenses to outbound tour operators

Ministry of Hotels and Tourism has a plan to give out licenses for outbound tours and has asked tourism business operators to give them feedback. The Union of Myanmar Tourism Association held a meeting on December 15 in Yangon with business people in the tourism sector in order to provide input to set up regulations […]

No additional licenses for beer and cigarette factories, says MIC

The Myanmar Investment Commission (MIC) announced on December 2 that no more permissions will be granted to beer and cigarette manufacturers to operate in Myanmar. Carlsberg and Heineken were the last, according to the MIC. “In the local market, beer and cigarettes are in demand. If we don’t supply the consumers’ demand, these items will […]

Foreign companies permitted to operate petroleum business

The Myanmar Investment Commission has granted licenses for six foreign companies to operate petroleum business in oil and gas blocks located in Inndaw-Yanan area and Zeephyutaung-Nantaw area, Sagaing Region; Taungoo-Pyinmana area, Thaekone-Shwetu area, Maraman area and Pyay area, Bago Region; Myinthar area and MyanAung-Shwepyithar area, Ayeyarwady Region and Kyautkyi-Mintone area, Magway Region. The licenses were […]

Sagaing Gov’t to Offer Licences to Rein in Illegal Gold Mining

The Sagaing Region government will issue licences to illegal gold miners in a bid to curb their activities and rope in extra tax money into state coffers, a top official said. The ministry will inspect mining sites in Sagaing and issue illegal miners licences by this month, U Than Htike, Sagaing regional minister for forestry […]

Insurance companies warned to follow rules or lose license

The Insurance Scrutiny Board has threatened to revoke the licenses of private insurance companies if they are found guilty of breaking rules and regulations. An amount of US$ 46 million needs to be deposited with the Myanmar Economic Bank to establish a private insurance company. 60 percent of the sum is used for company operations […]