Submitted by ttwin on Tue, 01/23/2018 - 16:43
Internal Revenue Department has announced the list of foreign companies that paid most in tax for 2016-2017 fiscal year with Moattama Gas Transportation paying over K140 billion in income tax and Myanmar Brewery paying over K100 billion in commercial tax.
Submitted by Eleven on Tue, 01/23/2018 - 12:52
According to the Internal Revenue Department, Kanbawza Bank and Dagon Beverages lead the list of highest income tax payers among domestic companies for 2016-2017.
KBZ Bank lead the top 10 list with over Ks 20 billion and the rest under Ks 10 billion are Diamon Star, Myawaddy Bank, Shwe Taung Development, Myanmar Economic Holdings Limited, Myawaddy Trading, PT Power Trading, Thilawa SEZ Administration.
Submitted by Eleven on Mon, 01/22/2018 - 22:14
From April to September this year, the country’s inflow of foreign investments is expected to reach as much as US$3 billion (4.06 trillion kyat), said Than Aung Kyaw, deputy director-general of the Directorate of Investment and Companies Administration.
Submitted by Eleven on Mon, 01/22/2018 - 22:10
The government is planning to develop a quality fish-auction market as Japan helps draw up a masterplan for the development of Myeik town in Taninthayi Region, said Region Chief Minister Dr Le Le Maw.
The chief minister revealed the plan in a recent meeting with local people and departmental organisations in Myeik after local residents criticised the government for attempting to launch a new fish-auction market. Locals suggested the government instead provide assistance to the existing international fish-auction market.
Submitted by ttwin on Sun, 01/21/2018 - 16:41
The Myanmar Investment Commission (MIC) is planning to reduce the registration fee for small-and medium-sized enterprises (SMEs), it announced at a press conference.
Aung Than Kyaw, deputy director-general of the Directorate of Investment and Company Administration, said: “The MIC plans to reduce fee significantly. It is too early to reveal the exact amount. The move is to enable starting businesses to reduce their costs as much as they can.”
The current company registration fee is around K500,000, but general expenses take the total to K1 million.
Submitted by Eleven on Sat, 01/20/2018 - 19:18
More than US$280 million has been invested in the 2017-2018 fiscal year at the Thilawa Special Economic Zone (SEZ), including promotion of existing investment, according to the Directorate of Investment and Company Administration (DICA).
“There are nine new investments until January 19 in Thilawa SEZ, and investment is US$280.29 million,” said an official from DICA who did not want to be named.
Submitted by Eleven on Fri, 01/19/2018 - 18:42
Ooredoo Myanmar proudly announced on Thursday some of its plans for this year, with the main focus on its 4G network expansion.
VikramSinha, chief executive officer of Ooredoo Myanmar, was proud to say the telco currently offered the strongest and widest 4G coverage in Myanmar. He committed to ramp up its 4G rollout over the next few years.
Submitted by Eleven on Thu, 01/18/2018 - 15:57
Myanmar, previously dependent on the Indian market to purchase green gram and pigeon peas, has had to develop markets in Nepal and Pakistan after India placed a ban on bean imports. And now China is emerging as a customer for the legumes.
Recently, China started buying beans via the border gate, said Khin Maung Lwin, assistant permanent secretary of the Commerce Ministry.
Submitted by Eleven on Thu, 01/18/2018 - 15:55
With commodity prices increasing, the Consumer Price Index (CPI) that measures the cost of a mix of household necessities, in December 2017 stood at 138.29 per cent of its 2012 baseline, a 4.45 per cent increase over the same period last year.
The nationwide CPI for the food item group was 150.63 per cent, with non-food items at 120.92 per cent for non-food item and all other items at 138.29 per cent compared to the 2012 baseline, according to the Central Statistical Organization (CSO) at the Ministry of Finance and Revenue.
Submitted by Eleven on Wed, 01/17/2018 - 19:44
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