Developers Urge Government to Temporarily Reduce Tax to 5 percent

During a meeting with the Yangon Regional government held at MCC on February 17, construction developers urged the government to temporarily reduce the commercial tax from 30 percent to 5 percent for a period of two years. The Myanmar Licensed Contractors Association welcomed the income tax reduction in the Union Tax bill 2018, and supported […]

What Next for Myanmar’s New Anti-Drug Strategy?

Though a new policy signals a shift to a more comprehensive approach to the problem, the true test will be in its implementation. On February 20, Myanmar, one of the world’s largest drug-producing countries, finally launched a new national drug control policy after years of deliberations. Though the document does signal a shift to a […]

Myanmar-HK ties boosted by CE visit

On September 15, she met with senior Myanmar government officials in Nay Pyi Taw. Mrs Lam first met with State Counsellor Daw Aung San Suu Kyi. The chief executive said that this is the first ever official visit by the chief executive of the Hong Kong Special Administrative Region (HKSAR) since the city’s return to […]

Gemstone Sales Center Slated for Yangon

The Union govern­ment has created a working commit­tee to plan and estabish a gemstone sales center in Yangon, U Kyaw Win, Chairman of Myanmar Gold Entrepreneur Asso­ciation, said. The committee was jointly organized by of­ficials from the Ministry of Natural Resources and Environmental Conser­vation, members of the Myanmar Gem and Jew­elry Entrepreneurs Asso­ciation, and the […]

Myanmar must establish cultivation of new plant species and seeds

Myanmar must build businesses in the cultivation of new plant species and seed production, Union Minister for Ministry of Agriculture, Livestock and Irrigation Dr Aung Thu said. “As the agriculture sector is the main driver of the country’s economy and food security, I urge businesses to carry out sustainable seed production and work with the […]

Stability of pulses market sought after India policy

Following India’s Restricted Pulse Import Policy, a co-ordination meeting on plans for Myanmar’s pulses exports in respective sectors was held at the Ministry of Commerce in Nay Pyi Taw yesterday morning. India’s Ministry of Commerce and Industry recently issued an import policy change to import only 200,000 tons of toor whole on 5 August, and […]

National Prosperity Company under scrutiny on gold debt to gov’t

Negotiations are currently being carried out for NPC to make the payments. The company owes 5.5 tonnes of gold (over 3,400 viss) priced at a fixed rate to the government. NPC has an 8-year contract with the government to mine for gold in the resource-rich Moehti Moemi area, which spans over 6,000 acres of land. […]

China-Myanmar Border Economic Cooperation Zone Location Speculated

Zhou Rong, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China in Bejing, told the Chinese state-run Global Times that the China-Myanmar Border Economic Cooperation Zone was likely to be established at the border between Yunnan province and Kachin State. On May 17, the Communist Party-run newspaper quoted […]

India -Myanmar -Thailand highway: Project likely starts next month

Mumbai — To strengthen connectivity with Southeast Asia, the government is likely to kickstart work on highway from Meghalaya to Myanmar, as part of the India-Myanmar-Thailand trilateral pact, from next month. To strengthen connectivity with Southeast Asia, the government is likely to kickstart work on highway from Meghalaya to Myanmar, as part of the India-Myanmar-Thailand […]

Myanmar Government pledges more cooperation with local and foreign media

  Myanmar kicked off the 5th conference on Myanmar media development in Yangon under the title of “Inclusive Independent Media In a New Democracy,” calling for responsibility and accountability in the media sector and pledges for cooperating with local and international media for the country’s media development. The remarks were made by Union Minister for […]