Private petrol stations in Yangon are selling around 270,000 gallons of petrol and 150,000 gallons of diesel at spot prices on a daily basis, U Han Htoon, Minister of Agriculture, Livestock, Forestry and Energy said in the Yangon Parliament this week. Concerns over higher petrol and diesel prices are rising as global oil prices have […]
Price, quality of domestic petrol and diesel under scrutiny in Yangon
March 20, 2018 by Thiha
Filed Under: Latest News Tagged With: agriculture, benchmark market price, domestic petrol and diesel, Energy, forestry, global oil prices, import, import license, Livestock, Mayangone Township, Minister, Ministry of Commerce, Ministry of Electricity and Energy, MP U Yan Shin, Parliament session, private distributors, Private petrol stations, traffic, U Han Htoon, Yangon parliament
Construction sector under threat from high tax, interest rates
January 31, 2018 by Thiha
Unreasonably high tax and interest rates could lead to the collapse of Mandalay’s already ailing construction sector, U Shein Win, vice chair of the Myanmar Construction Entrepreneur Association (MCEA) told The Myanmar Times last Friday. Capital gains tax on the sale of a property in Myanmar is currently 30 percent, which is deterring activity in […]
Filed Under: Latest News Tagged With: bank loans, Central Bank of Myanmar, chair of the Young Developer Association, Condominium Rules, Construction Sector, Financial Statements, high tax, Interest Rates, MCEA, Ministry of Planning and Finance, Myanmar Construction Entrepreneur Association, Parliament, Parliament session, property, real estate, tax revenues, U Myo Myint, U Shein Win, Union-level discussions, wages, working capital
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