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...
Read MoreMyanmar 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...
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Read More[caption id="attachment_4879" align="aligncenter" width="842"] Traffic passes along the Mahabandoola Road in downtown Yangon. Photo: Mar Naw/The Myanmar Times[/caption] Myanmar is making official arrangements for foreign investors and key employees locked out of the country due to COVID-19 to return for business purposes. The country formally stopped all...
Read More[caption id="attachment_4876" align="aligncenter" width="842"] People seen crossing the street in Sule, downtown Yangon. Photo: Mar Naw/The Myanmar Times[/caption] The Union Tax Law for fiscal 2020-21 will include provisions supportive of small and medium-size enterprises (SMEs) in Myanmar, including incentives aimed at reducing tax burdens as well...
Read More[caption id="attachment_4874" align="aligncenter" width="840"] U Than Myint (centre) talks to the media after attending a union parliament session in Nay Pyi Taw, Myanmar, 22 March 2016. He is now the commerce minister and also chairs the Competition Commission. Photo: EPA-EFE[/caption] Myanmar's competition watchdog says it does...
Read More[caption id="attachment_4868" align="aligncenter" width="841"] Photo: EPA-EFE[/caption] A total of 450,000 people in rural Myanmar...
Read More[caption id="attachment_4862" align="aligncenter" width="842"] Photo: Zarni Phyo/The Myanmar Times[/caption] 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...
Read More[caption id="attachment_4853" align="aligncenter" width="842"] Workers inspect the 400MW LNG plant in Thaketa of Yangon. Photo: Mar Naw/The Myanmar Times[/caption] The gas intended to help plug Myanmar's electricity shortfall this summer has started operating after almost a two-month delay, according to its developer. VPower Groups's 23-megawatt gas plant...
Read MoreIndia's Prime Minister Shri Narendra Modi has confirmed that ONGC Videsh Ltd, the overseas arm of Indian national oil company Oil and Natural Gas Corporation Ltd will invest more than US$121 million to produce more gas off the coast of Rakhine State. The investment, which was...
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