Tanintharyi’s Citizen’s Budget to Focus on Infrastructure Development

Tanintharyi’s regional government is spending heavily on infrastructure and its 2017-18 budget focuses on electricity, roads and bridges as well as low-cost housing, Chief Minister Daw Le Le Maw told The Myanmar Times on January 22. Out of the approved budget of K157.45 billion for 2017-18 fiscal year, K119.86 billion has been allocated for electricity, roads and bridges, […]

From Paper to Platforms: Tax Collection in Myanmar

The International Monetary Fund forecast this month that Myanmar’s economy would rebound to 6.7 percent this year—surpassing many of its neighbors in growth. Among the National League for Democracy-led government’s economic priorities is broadening its revenue base through improved tax collection. For a cash-based country accustomed to backchannel exchanges that has continued to decentralize, reforming the tax […]

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 […]

Nationwide survey launched to draft business environment index

The San Francisco-headquartered Asia Foundation (TAF) and the UK-funded DaNa Facility have launched a three-year nationwide program to improve sub-national business environment. The program is funded by the UK Department for International Development (DFID) and implemented by DAI Europe, a London-based international development company. DFID provided £25 million (K43.9 billion) to fund DaNa, which supports […]