With the hot season not far away, water shortages are set to become a problem again in many parts of Yangon. According to U Myint Zaw Than, Yangon City Development Committee (YCDC) deputy head of the Engineering Department for Water and Sanitation, the YCDC supplies water from four sources via a network of pipes. For […]
Better oil and gas deals needed in the future, say experts
November 28, 2018 by
Efforts must be taken to lessen Myanma Oil and Gas Enterprise’s (MOGE) tax burden from contracts signed with joint-venture firms to work offshore oil and gas fields, a report states. According to the “State-Owned Economic Enterprise Reform in Myanmar: The Case of Natural Resource Enterprises” report by the Natural Resource Governance Institute (NRGI) and Renaissance […]
Representatives call for review of SOE law
September 13, 2018 by
Representatives of Parliament have urged lawmakers to review an existing law under which the government must bail out loss-making State-owned enterprises (SOEs) with public funds. A total of 17 out of the 26 Myanmar SOEs under the Union budget are expected to turn a profit in 2018-19, commencing October 1, according to the Ministry of […]
Bago Region’s tax revenue relies on excise, fishery and property taxes
March 8, 2018 by
Bago Region relies heavily on excise, fishery and property taxes as regional tax revenue, while its construction ministry spends 39 percent of the budget, mainly on road improvement. Bago government revenues have increased more than 150pc since 2013 while the grant transfer from the Union government to the region has grown more than 290pc in […]
Myanmar Has One of The Lowest Tax Takes in The World
November 21, 2017 by
INSIDE a noodle house in central Yangon, business is buzzing. Customers huddle over tables, slurping down chicken soup or gobbling dumplings. Everyone pays in cash. Few customers ask for receipts. When your correspondent does so, one is handed over, complete with government-issued stickers. But the cost of the meal goes up. On the vast majority […]
Fixing the Myanmar economy
September 5, 2017 by
Major structural overhauls have to be carried out so the country can maximise its potential for growth. Myanmar’s economy is projected by the World Bank to grow by an average of 7 percent between 2017 and 2019. Last year, GDP rose by 6.5pc. That’s among the fastest growing economies in Asia, alongside the likes of […]
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