Myanmar Times
Tax exemptions on diamonds, emeralds and gold approved
The Pyidaungsu Hluttaw agreed on Tuesday to stop levying special commodity tax on diamonds and emeralds, as well as commercial tax on gold nuggets. “As those items should be exempted from taxes, Hluttaw agreed to it.” Public Account Joint Committee Member and Kayin State, Hlaing Bwe ...
Gas discovered at Block A-6 offshore well in Southern Rakhine
Gas has been discovered at a deep water exploration well in Block A-6 of the Southern Rakhine Basin in the Bay of Bengal, according to government officials and statements made by operators of the block. Gas was tested to be flowing at 50 million cubic ...
Three MOI-owned factories in Yangon to cooperate with private sector
Three factories under the Ministry of Industry (MOI) in the Yangon Region will cooperate with local and international private investors after inviting Expressions of Interest (EOI), Assistant Secretary U Aung Soe Ya of the MOI told The Myanmar Times.Read more ...
MOU on Kyauk Phyu SEZ likely in August
An MOU between China and Myanmar relating to a national-level framework for the Kyauk Phyu Special Economic Zone (SEZ) is likely to be signed by August, a spokesperson of Kyauk Phyu SEZ Management Committee told The Myanmar Times during an exclusive interview on August 4.Read ...
Myanmar’s stakes in two Belt and Road economic corridors
Myanmar is involved in two of the six economic corridors under China’s Belt and Road Initiative (BRI), according to a report from a multinational professional services firm.The country’s involvement in the two corridors underlines its geopolitical advantage in facilitating the connectivity between China and South ...
Solving Myanmar’s power problem
Stay in Yangon long enough and you’ll probably experience the electricity going off halfway through your meal at one of the city’s many restaurants. The problem is so common in the city that you might also have noticed the other patrons carrying on with their dinners ...
Big Four firm hails Belt and Road as a “global game changer”
A recent report from a multinational professional services firm praises China’s Belt and Road Initiative (BRI) as transcending beyond initial expectations by extensively boosting trade and commerce and supporting both physical and social infrastructures. It urged foreign businesses to join the game. The report Repaving ...
ASEAN-EU plans joint statement on climate change
Senior officials from ASEAN and the European Union are working on a joint statement on climate change to show their solidarity and commitment to the Paris Agreement.“The doc ument will be finalised soon, and the announcement will be made at the post-ministerial meeting,” said a ...
Myanmar to receive revenues from China-Myanmar crude oil pipeline
Myanmar will gain financially from the China-Myanmar crude oil pipeline, which began operations in early April after the two countries signed an agreement for the transport of crude oil, said officials. The crude oil transport agreement was signed on April 10 in Beijing during president U ...
Govt to punish agencies sending workers abroad illegally
The government will revoke the licences of labour recruitment agencies that are sending domestic workers illegally for employment abroad, Union Minister for Labour, Immigration and Population U Thein Swe warned on Monday. He said individuals operating these errant agencies would also be blacklisted, adding that ...
