Extractive industries
Proposed Gold Tax Cut to 1% After Lobbying From Industry
Gold buyers will now only have to pay a one percent tax, down from the planned three percent, after the Myanmar Gold Trader Association argued that the rate would hurt the gold market.The one percent tax only applies to finished products such as jewellery, rather ...
134 mining blocks to expire this month
The Myanma Gems Enterprise under the Ministry of Resources and Environmental Conservation announced that a total of 134 authorised mining blocks in the country’s gemstone tracts are going to expire within this month.Keep reading ...
Hydropower review taskforce stalls, waiting for instructions
A commission member on the taskforce reviewing hydropower projects said the team has yet to hear back from the president about the first submitted report, which is believed to have advised cancelling the controversial, Chinese-backed Myitsone dam.Keep reading ...
S Korea to help build Myeik power plant
The Myeik Public Corporation explained its plans to build a gas-fuelled power plant in partnership with the Korea-based KMPI Company in Kyunzu Township, Taninthayi Region, at a stakeholder meeting on Thursday.Keep reading ...
Kachin MPs slam vague mining deals
MPs representing Hpakant Township, Kachin State, claim mining regulation is as vague as it was under the former administration and argued the government still cannot regulate mining properly. Keep reading ...
Environmental conference participants demand govt reject Myitsone dam
Angry villagers, government officials, MPs, experts, and national and international NGOs came together to denounce the troubled Myitsone dam project in Kachin State. Convened by the Myanmar Green Network, last week they spoke out in a bid to influence the commission set up by the ...
Gems Emporium Expected to Attract US and EU Traders
RANGOON — More Western jade traders are expected to attend to the upcoming Naypyidaw Gems Emporium, after the lifting of US economic sanctions last month. Keep reading ...
Meteorologist advises smaller alternatives to Myitsone megadam
The former director general of the meteorology and hydrology department has proposed an alternative solution to the problem of the stalled Myitsone hydropower dam. Instead of building one destructive and publically reviled mega dam, why not build four smaller hydropower projects instead, he suggested on ...
Investigation reveals gold mining destruction in Myanmar
A lengthy investigation published by Radio Free Asia is putting the spotlight on the disastrous effects of the poorly regulated gold mining industry in Myanmar.From unprecedented environmental destruction to the human toll of low-paying and hazardous jobs, RFA’s multimedia story delves deeply into the consequences ...
No need to seek approval from MIC for investment except for businesses with environmental impact
Investment businesses are no longer required to seek approval from Myanmar Investment Commission (MIC) apart from the businesses needing environmental impact assessments.Those investment businesses can apply for registration at the Directorate of Investment and Company Administration (DICA) branches in the regions and states concerned.Keep reading ...
