DICA reduces registration fees for new companies

  In a fresh move to lure more firms to set up shop in Myanmar, fees to incorporate or register a new business in the country will be reduced to K150,000 from K250,000 from October 1, the first month of fiscal 2019-20.   The Directorate of Investment and Company Administration (DICA) yesterday issued Notification (84/2019)..
Read more

MOGE owes more than US$1.6B even as domestic demand rises

Myanmar owes China more than US$1.6 billion which it borrowed on high interest to implement projects including an oil and gas pipeline, according to a Myanmar Alliance for Transparency and Accountability (MATA) statement released based on an Extractive Industries Transparency Initiative report.   It has so far repaid more in interest than the amount borrowed..
Read more

K3 trillion more expected from higher power tariffs

The government is expected to collect K3 trillion more from the electricity generation in fiscal 2019-2020 compared to the previous year now that power tariffs have been raised since July, Deputy Minister of Planning and Finance U Maung Maung Win said in the Pyidaungsu Hluttaw (Assembly of the Union) on Wednesday.   He added that..
Read more

Malaysian investors attracted to Myanmar despite rift over Rakhine

Investors from Malaysia say they are attracted to Myanmar’s agriculture and other industries despite the rift between the two governments since the northern Rakhine crisis.   “Malaysian businesses are keen to invest in sectors such as technology, construction, manufacturing, and service in Myanmar. They showed extra interest in agriculture-based businesses,” said Gilbert Lee, president of..
Read more