Government Plans Monthly Meetings to Respond to Business Leaders

​​ RANGOON — Government leaders are planning to meet monthly with the local business community to listen to current problems and find solutions, Vice President U Myint Swe and National Planning and Finance Minister U Kyaw Win pledged last week. The first monthly meeting received a positive response. The vice president and finance minister met […]

Retailers to charge commercial tax

Shops and supermarkets will begin charging a 5 percent consumer tax from the start of next fiscal year, officials said. The International Revenue Department (IRD) is preparing the ICT systems, ahead of the launch next April 1. Director U Tun Than from the ICT branch of the Yangon Region Revenue Department, said he has asked […]

Ministry of Commerce launches raids on illegal beer imports

Unease over the import of foreign alcohol and tobacco still hangs like a haze over the sin industry. In part because of the desire to protect local brands, the government is still reluctant to let in foreign beer or wine, sources confirm. Though the Ministry of Commerce said it would allow wine imports earlier this […]

Retailers push for beer and liquor imports

Frequent customer requests for foreign beer and liquor are leading members of the Myanmar Retailers Association to push for government permission to begin legal imports. Opinion is divided on whether local substitutes are up to the job of replacing foreign tipple.Photo:StaffOpinion is divided on whether local substitutes are up to the job of replacing foreign […]