Business

70% of foreign investment comes through Yangon

 

Foreign insurance companies to be allowed to enter Myanmar

Foreign insurance companies will be allowed to run in Myanmar under the arrangement of the Insurance Supervisory Committee, said Dr Sandar Oo, managing director of Myanma Insurance, during Myanmar Insurance Summit 2018 held at Sule Shangri-La Hotel in Yangon on February 22.  

NLD economist questions effectiveness of new tax bill

 

The recently unveiled 2018 tax bill that had caused quite a firestorm in Myanmar is widely considered to be an abomination for many skeptics; even the believers are tentative at best.

It comes as no surprise that the bill, Section 25 in particular that would see tax collected from intangible assets and unidentified sources of income reduced to a mere 3 to 5 percent, is now coming under fire from industry experts.

Myeik Archipelago plans to culture golden pearls as commercial scale

MYEIK- Plans are underway to produce golden pearls which are very popular among the international countries, in Myeik Archipelago, Taninthayi Region.
 
Moreover, the 6th Pearl Expo will be held in Hong Kong from February 23rd to 25th. Myanmar Pearl Production and companies from home and abroad are now culturing the pearls which were keen on paying attention. This year pearl production exceeds to the target.
 

Govt ministries to implement 148 projects worth over K532 billion from April to Sept

There are 148 projects with a total investment of over K532 billion that respective union ministries will be implementing from April to September this year, according to a report submitted by the Union Parliament Joint Bill Committee regarding the national planning bill for six months.

They are 120 ongoing projects with an investment of K486.794 billion and 20 other projects with an investment of K45.273 billion to be implemented in the six-month period.

Thai imports fall at Myawady border, while Myanmar exports increase slightly

 
Imports from Thailand crossing at the Myawady border gate have declined from last year’s volume. 

Ygn to upgrade public infrastructures, drainage system with WB’s loan

YANGON- With the loan US$ 116 million from World Bank and cash aid $ 1 million from Southeast Asia Disaster Risk Insurance Facility (SEADRIF), Yangon will be upgrading public infrastructures, drainage system as well as to respond natural disasters.
 
The information came from the workshop on Myanmar Southeast Asia Disaster Risk Management Project being held in Yangon yesterday.
 

Myanmar invited to take part in first China International Import Expo

The first China International Import Expo (CIIE) will be held in Shanghai from November 5 to 10 this year, and the Myanmar government and local businesspeople are invited to participate in the event, according to a statement released by the Chinese embassy in Myanmar.

The export aims to further optimize the country's trade structure with rest of the world, China's Ministry of Commerce announced.

The statement says necessary assistance will be provided to least developed countries like Myanmar while assistance will also be given to developing countries.  

Tax contributions from state-owned entities declines

 
Tax payments and contributions of state-owned entities and banks and the Central Bank of Myanmar to the state fund are continuing their long-term decline, according to a report submitted by the Union Parliament’s Joint Public Accounts Committee.
 

MRTV signs contract with five free-to-air content providers

 

Myanmar Radio and Television under the Ministry of Information signed a contract with five free-to-air content providers, in the compound of MRTV in Yangon on February 17, 

At the signing ceremony, Union Information Minister Dr Pe Myint gave an opening speech.

Five content providers are Mizzima Media Company Ltd, DVB Multimedia Group Co., Ltd, Fortune Broadcasting Co., Ltd, KMA Tele-Media Holdings Co., Ltd and My Multi Media Group Co., Ltd.