Govt reveals plans to build new SEZ in Mon State

A new Special Economic Zone (SEZ) will be implemented in Mon State, Connecting Myanmar with the Mekong Subregion East-West Economic Corridor, Government officials said at a Myanmar-Japan Investment Forum on July 29. The new SEZ aims to connect with Danang, Vietnam, and will be the largest SEZ in Myanmar if approved, said U Thaung Tun,..

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Integrated LNG Power Project in Thilawa , Yangon Region

YANGON/TOKYO — Trading houses Marubeni, Sumitomo Corp. and Mitsui & Co. will build a liquefied natural gas-fired power plant in Myanmar, one of the biggest investments by Japanese companies in the Southeast Asian country, people familiar with the matter say. The three companies estimate total investment in the project at $1.5 billion to $2 billion…

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Companies in Myanmar urged to pay taxes online

Myanmar companies with a Taxpayer Identification Number (TIN) are urged to pay taxes using electronic payment systems made available online starting October 1, according to the internal Revenue Department (IRD). This is to facilitate ongoing efforts to control the spread of COVID-19 by avoiding mass gatherings in public places. Firms can now pay their taxes..

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Competition watchdog rejects protests over solar tender

  Myanmar’s competition watchdog says it does not intend to challenge the government’s controversial solar plant tender despite protests by foreign governments and business associations that conditions imposed during the COVID-19 pandemic effectively excluded many outside bidders. Responding to questions from the Myanmar Times, the Competition Commission said the solar tender requirements set by the..

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Off-grid areas in Myanmar to enjoy solar power

A total of 450,000 people in rural Myanmar can expect to receive access to electricity following an agreement between the government and World Bank. The two parties have agreed to channel US$3.5 million in funds towards generating solar energy in off-grid areas of the country. “Getting electricity with solar technology in off-grid areas is important..

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Myanmar construction sector requests policy relief over cash

Construction business are calling for an easing of regulations and tax reductions over financial assistance to help them keep afloat in the wake of COVID-19. During a recent meeting between the construction sector and State Counsellor Daw Aung San Suu Kyi, U Shein Win, president of the Myanmar Construction Entrepreneurs Association (MCEA), said there are..

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