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Income tax reduction likely to boost real estate market
BUSINESS Date: Feb 23, 2018   View: 48
Realtors are expecting the reduced income tax under the 2018 Union Tax Law to stimulate the real estate market, which has been cool for the last three years. The new law will come into force fro...
Myanmar to hold pearl auction in Hong Kong to penetrate int'l market
BUSINESS Date: Feb 23, 2018   View: 79
Myanmar will hold its sixth International Pearl Auction in China's Hong Kong Special Administrative Region starting Friday, the official Global New Light of Myanmar reported Thursday. In the three...
NLD economist questions effectiveness of new tax bill
BUSINESS Date: Feb 23, 2018   View: 35
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 n...
Myeik Archipelago plans to culture golden pearls as commercial scale
BUSINESS Date: Feb 23, 2018   View: 31
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 H...
Thai imports fall at Myawady border, while Myanmar exports increase slightly
BUSINESS Date: Feb 23, 2018   View: 36
Imports from Thailand crossing at the Myawady border gate have declined from last year’s volume. Between April and February, flow across the border totalled US$766.7 million – $66.2 million earn...
5G is Now, Kicking Off the "Megatech" Era
BUSINESS Date: Feb 22, 2018   View: 54
Clearly, it is impossible to know for sure what the technologies of 2050 will be. But with the emergence of 5G, the era of Megatech has undoubtedly started. The PyeongChang 2018 Winter Olympic Gam...
Ygn to upgrade public infrastructures, drainage system with WB’s loan
BUSINESS Date: Feb 22, 2018   View: 64
YANGON- With the loan US$ 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...
Tax contributions from state-owned entities declines
BUSINESS Date: Feb 20, 2018   View: 65
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 ...
Myanmar invited to take part in first China International Import Expo
BUSINESS Date: Feb 19, 2018   View: 65
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, ...
Over 54 million SIM cards sold in Myanmar
BUSINESS Date: Feb 19, 2018   View: 79
More than 54 million mobile SIM cards have been sold by three operators in Myanmar, according to official figures. Among the mobile operators such as Myanmar Posts and Telecommunications (MPT), Tele...
Grape prices fall due to low demand
BUSINESS Date: Feb 16, 2018   View: 3621
THE price of grapes in the Yangon market has declined following unseasonal rainfall in the Mandalay Region last December and the consequent low yield, which has reduced the demand for grapes, ac...
Ministry granted 1,605 hotel licenses in January
BUSINESS Date: Feb 14, 2018   View: 3623
MORE than 1,600 hotels and guest houses, renting out over 64,500 rooms, were operational across the country as of the end of January 2018, according to the Ministry of Hotels and Tourism. The M...
Cars DB Auto Show to Host Auto Expo in Mandalay
BUSINESS Date: Feb 13, 2018   View: 3626
Cars DB Auto Show is organizing a large auto expo from March 3 to 5 at Mandalar Thiri Stadium, Mandalay. At the expo, there will be showrooms for 10 famous auto brands featuring new cars, and auto ...
Gas production rates of Yedagon and Zawtika projects already decline
BUSINESS Date: Feb 12, 2018   View: 3619
YANGON- Production rates of the Yedagon and Zawtika projects, which mainly export natural gas to Thailand, are falling, according to the Ministry of Electricity and Energy. The Yedagon gas project...
Myanmar parliament discusses possible casino business
BUSINESS Date: Feb 12, 2018   View: 3628
Union Minister Ohn Maung for Hotels and Tourism says foreigners-only casinos would be allowed to operate at island resorts after the country’s gambling law is relaxed. MP Aung Hlaing Win for Mingal...
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