Myanmar Business Today

Construction Association to Take Over Low Cost Housing Projects

The Myanmar Con­struction Entrepre­neurs Association has taken over respon­sibility for the govern­ment’s affordable and low-cost housing scheme, which aims to build one million homes by 2030.The scheme covers pro­jects by the Union govern­ment as well as Yangon’s regional government and other state and regional authorities, ...

Miners to Miss Out on Tax Exemptions Under New Investment Law

The mining sector will miss out on a number of incen­tives including special income tax exemptions under the new invest­ment law which is due to take effect next month, the Director General of the Directorate of In­vestment and Company Administration(DICA) told a press briefing. Keep reading  ...

Regions and States Now Able to Green Light Business Proposals up to $5m

State and regional in­vestment commis­sions will be able to grant business proposals of up to $5 million as part of the new investment law.Local investments un­der K6 billion and foreign investments of less than $5 million will no longer need to go through the Myanmar ...

Myanmar- Thai Border Trade Rises $200m

Myanmar’s border trade with Thai­land increased by about $200 million in the current fiscal year 2016-2017 as of March 3rd, as compared with the same period of the last fis­cal year, official media re­ported last Thursday.Keep reading ...

Formerly Blacklisted Tycoon Says End of Sanctions Has Restored His Dignity

A local tycoon for­merly reviled by American diplo­mats as a ‘crony’ has said the end of US sanctions last year was a “dream come true” for him.U Zaw Zaw, Executive Chairman of Max Myan­mar, one of the country’s largest conglomerates, was speaking at a conference ...

Total Trade Hits $25.8bn, Boosted by Booming Private Sector

The total volume of international trade has reached more than $25.8 billion for this fiscal year, $480 million more than last year, ac­cording to the Ministry of Commerce.Overall trade volume at March 13th this fiscal year totalled almost $25.8 bil­lion, while up until March 3rd ...

Myanmar Secures K15 Billion Japanese Soft Loan for Local Businesses

Myanmar will re­ceive a soft loan from Japan worth K15 billion for small and medium sized en­terprises next fiscal year, Daw Aye Aye Win, direc­tor general of the Minis­try of Industry, has told a meeting on economic cooperation between My­anmar and Japan. Keep reading     ...

PTTEP and Total Team Up for Oil and Gas Exploration Off Myanmar’s Southern Coast

The Thai oil and gas company PTT Exploration and Production (PTTEP) will partner with Total E&P Myanmar for an oil and gas exploration project off the southern coast of Myanmar.Keep reading ...

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 ...

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