Business

Rice exports on rise

Between late

Parliament to re-discuss taxation on high-purity gold

Director General of Internal Revenues Department has said that parliament will re-discuss a reduction in the taxation on high purity gold to zero per cent from 5 per cent.

According to the 2017 Tax Law, a one per cent tax is levied on gold-decorated objects, and a five per cent tax is levied on high-purity gold.

Mangobusiness booms at Muse trade market

Muse: The Muse 105 mile trade zone is crowded with mango sellers, with prices for the much-loved fruit rising amid an increase in demand.  “Mango prices are increasing these days, especially Sein Ta Lone and Shwe Hinthar. Demand for mangoes from China is also increasing,” said Sai Khin Maung, from Muse 105 mile fruit market.  Mango supplies come from Mandalay Region, Sagaing Region and Southern and Northern Shan State.  Watermelon were also in big demand at Muse trade market in May.  

Manulife awaits license

Canada’s Manulife insurance company is waiting for permission, and will begin its business once the government permits, said Indren Naidoo, the company’s regional executive on May 29.

Naidoo said that the company has had an office in the country since 2014 yet was waiting for a official permit. He said that he was confident the insurance business would bloom once permits were issued.

Officials of from Myanma Insurance also attended the conference.

New industrial zone to be set up in Chin State

The government is planning to establish an industrial zone in Paletwa Township in Chin State which will help SME development, said Khin Maung Cho, Union Minister for Industry.

Trade volume at Myawady trade camp on the rise

Between April 1 and May 19, the border trade volume at Myawady trade camp on Thai-Myanmar border reached US$98.6 million, up over $14.5 million compared to the same period last year.

Myanmar invites partnerships for transportation projects

China dominates clothing sector

More than US$67 million in foreign investment was put into cut-make-pack clothing factori

Ks15bn spent at homes exhibition

Apartments and 

Thilawa investment exceeds $122m

Foreign direct investment (FDI) in Thi