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Tax amnesty could spell big changes for Myanmar

How would you feel if a big part of your monthly salary was taxed while your boss paid almost nothing? Or if your small business paid its tax and your competitor didn’t? Not too happy, and probably worse upon hearing the Myanmar government’s plan to offer these tax cheats an amnesty. Instead of facing penalties, […]

Govt to focus on supporting growth of digital economy, telecoms infrastructure

A senior government official says that the government is set to focus on supporting the digital economy next year. Deputy Director General of Posts and Telecommunications U Than Thun Aung said this in his speech during the Myanmar Connect 2019 Conference on Tuesday. U Than Thun Aung said regulatory areas that will be the focus […]

Can we turn suspended factories into engines of national economic growth?

Steel is an essential material in the industrial products and in building infrastructures. If Myanmar can produce steel on commercial scale, we will be able to save our foreign exchange used in importing steel products and build an industrialized country. In fact, the country has large deposits of iron ore. Myanmar set up steel mills […]

Myanmar’s Second Biggest City Receives Smart City Award 2019

YANGON—In the midst of a high-tech makeover to become a genuine smart city, Myanmar’s historic royal capital Mandalay—more than 160 years old—received the Smart City Award 2019 at a Bangkok summit attended by 24 countries including Japan, India, Australia, Singapore, Taiwan and Thailand. “We have been effectively changing municipal services by using technology, and these […]

Armed with smartphones, Myanmar e-sports players battle power outages

YANGON: E-sports star Myint was on the cusp of victory when the screens went dark in the Yangon cafe where he competes, costing him thousands of dollars in missed prize money and denting his reputation. Myanmar’s gaming scene is mushrooming, but frequent power cuts are holding players back in the emerging democracy. “Every time a […]

CB Insurance and Thai Life signs JV agreement

Yangon-based Citizen Business Insurance Public Ltd (CB Insurance) has formalised a joint venture with Thai Life Insurance PCL (Thai Life) through an agreement signed on August 16 that will see both companies working together to offer new insurance products in the Myanmar market. Part of the CB group of companies that includes Co-operative Bank Ltd, […]

Expressions Of Interest – National Electrification Project (NEP), Deadline: 11th September, 2019

REQUEST FOR EXPRESSIONS OF INTEREST Individual Consultant Ministry of Agriculture, Livestock and Irrigation Department of Rural Development (DRD) Myanmar: National Electrification Project (NEP) (IDA Project No. 152936) International Environmental and Social Safeguard Specialist Ref. C2-TA 35 1. This Request for Expressions of Interest follows the general procurement notice for this project that appeared in Development […]

Myanmar Metals is keenly focused on CSR as production relaunches on Bawdwin mine

With large-scale production ending during World War II, Myanmar Metals is introducing new technologies to the Bawdwin mine whilst pushing its CSR strategy The Bawdwin mine was discovered 600 years ago. Located in Myanmar, 150km from the Chinese border, the site was originally used by Chinese miners and then British. Prior to his presidency in […]

Kargo cuts out middleman to simplify goods transport

Kargo, a Yangon-based start-up founded by Australian Alexander Wicks in September 2016, is out to simplify a fragmented transport and logistics market and an opaque pricing structure for transporting goods in Myanmar. The company, which aims to directly link transport and logistics firms with customers, received US$800,000 in pre-Series A funding from Singapore-based Cocoon Capital […]

Grab sees higher growth with more services in Myanmar

With more people in Myanmar getting used to using mobile applications in their day-to-day activities, Grab Holdings Inc is fully confident that it will enjoy a healthier growth in the months to come, according to Cindy Toh, Grab’s country head for Myanmar. Toh said in an interview with The Nation that the Singapore-based ride-hailing giant […]