Expensive petrol and high tax rate limit the expansion of local airlines and development of the aviation industry, according to the Department of Civil Aviation (DCA), airline companies and stakeholders in the tourism industry. Yangon International Airport. In Myanmar, only three airports can accommodate airbuses. Photo...
Read MoreMs. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), Mr. Jim Yong Kim, President of the World Bank Group, and Mr. Roberto Azevedo, Secretary-General of the World Trade Organization (WTO) made the following statement [today] on the occasion of the G20 Leaders’ Summit in Hamburg, Germany: “The economic wellbeing of billions of people...
Read MoreLinking secondary cities to Yangon or Mandalay as well as smaller towns in the regions will filter down economy activity in the two big cities to local regions, the author of Urban Myanmar said. Urban Myanmar, a policy note published by International Growth Centre, outlines how...
Read MoreFirst Myanmar Investment, one of the companies listed in the Yangon Stock Exchange (YSX), will see its share amounts rise by around 2 million shares towards the end of August. Hence, the total shares will reach 25 million. First Myanmar Investment (FMI), a conglomerate with interests from hospitals to...
Read MoreIndustrial zones will be built in two major cities in Chin State – Hakha and Paletwa, and local and foreign investment will be welcome, according to a state minister. Town centre of Hakha, which is the capital of Chin State. Photo - Shutterstock U Salai I Thakin,...
Read MoreThe project will help address the lack of access to affordable, clean, and reliable power in provincial centers in Papua New Guinea. MANILA, PHILIPPINES (4 July 2017) — The Asian Development Bank (ADB) today approved the second phase of financial support amounting to $76 million to...
Read MoreThe World Bank is currently supporting 43 active projects in Myanmar, Cambodia and Laos, with commitments of over US$2.7 billion as of June, according to the World Bank’s press statement. Myanmar accounts for over half of the total commitment in the three countries. 13 projects and...
Read MoreInterview with Katsuji Nakagawa from the Japan Chamber of Commerce and Industry in Myanmar Katsuji Nakagawa, JCCM chair and country head of Sumitomo Corporation Group. Naing Wynn Htoon / The Myanmar Times Japanese businesses have not indicated any interest in Dawei SEZ or Kyaukphyu SEZ, and see...
Read MoreIn the second half of the last fiscal year, from October 2016 to March 2017, receipts from taxes on oil and natural gas extraction and income taxes were lower than expected. Photo - Shutterstock However, taxes on special goods and commercial tax including taxes collected from telecom...
Read Moreas its new Director for Myanmar, Cambodia and Lao PDR. In this position, she is responsible for strengthening the partnership with client countries while deepening the dialogue on economic reforms aimed at ending extreme poverty and promoting shared prosperity. For the first time, the World...
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