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 ...
Myanmar Looks to Step Up Production at Three Offshore Gas Rigs
Gas from three recently-discovered offshore reserves near the coasts of Rakhine and Mon states will feed local and international demand for energy over the next five years, a minister has said.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 ...
