U Thant Sin Lwin has been appointed as Secretary of the Myanmar Investment Commission (MIC), according to notification 55/2019. U Thant Sin Lwin replaced U Aung Naing Oo as Director General of the Directorate of Investment and Company Administration (DICA) in March. U Aung Naing Oo is now Permanent Secretary of the Ministry of Investment […]
Continue ReadingReport lauds Myanmar’s improving business environment
Posted on by All-Myanmar
Myanmar is now listed among the top 20 improvers of the World Bank’s Doing Business 2020 report. The report states that Myanmar is listed among top improvers in ASEAN because of reforms to the country’s business landscape. According to the report several initiatives in particular stand out. The foremost among them is Yangon’s strengthening of […]
Continue ReadingSGX-listed F&N invests $70m in Myanmar with Emerald Brewery venture
Posted on by All-Myanmar
Singapore-listed Fraser & Neave (F&N) has announced the commercial launch of operations at Emerald Brewery Myanmar Limited (Emerald Brewery) a year after it committed to invest $70 million in the beer production joint venture. Emerald Brewery, a joint-venture between F&N and local partners, marks the comeback for the food and beverage firm to the Myanmar […]
Continue ReadingTax on transferring vehicle ownership to be cut to 3% next fiscal
Posted on by All-Myanmar
The tax on transferring the ownership of vehicles will be brought down to 3 per cent of their value in the 2019-2020 financial year (1 October, 2019-30 September, 2020), according to the Yangon Region Road Transportation Administration Department (Myintha) office. “We are encouraging vehicle owners to update the ownership status as the tax rate will […]
Continue ReadingMyanmar to receive over K703 bn in foreign aid, over K2,624 bn in foreign loans in 2019-2020 FY
Posted on by All-Myanmar
Myanmar is due to receive over K703 billion in foreign aid and seek over K2,624 billion in foreign loans in 2019-2020 fiscal year that starts on October 1, according to the Joint Public Accounts Committee. K0.167 billion in foreign aid and K0.166 billion in foreign loans are earmarked for central level organizations while K596.193 billion […]
Continue Reading