Myanmar has accumulated US$10.2 billion in debt owed to more than 20 countries and multilateral organisations, the Joint Public Accounts Committee of the Pyidaungsu Hluttaw noted in a report on the Union budget for the 2017-18 fiscal year. The committee said the Ministries of Home Affairs; Agriculture, Livestock and Irrigation; Transport and Communication; Electricity and […]
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Chin Shwe Haw at standstill due to blasts
Posted on by All-Myanmar
Border trade at the Chin Shwe Haw camp between China and Myanmar has ground to a halt after a bridge was destroyed by armed groups along the Theinni-Kunlong-Chin Shwe Haw road in northern Shan state. On the evening of August 17, a reinforced 50 feet by 28 feet concrete bridge near the exit of Nar […]
Continue ReadingMyanmar continues coal-plant plans
Posted on by All-Myanmar
Coal-fired plants will continue to be in use despite objections by different groups on grounds of health and environmental pollution, Ministry of Electricity and Energy deputy minister U Tun Naing said. He told the Amyotha Hluttaw, the upper house of Myanmar’s national bicameral legislature, that the government intended to go ahead with the construction of […]
Continue ReadingLower rents lift Yangon office occupancy: Picon Deed
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Lower rents are lifting occupancy levels in the Yangon office market but political uncertainty is deterring new entrants, according to a report by a new property consultancy. Since 2016 the slow pace of economic reforms and the Rakhine refugee crisis have caused business optimism to “trail off”, Picon Deed Property Consultants says. The slowdown hit […]
Continue ReadingTax amnesty proposed, prompting renewed debate
Posted on by All-Myanmar
The chorus of voices defending and opposing the reduction of tax rates for undisclosed income has come to the fore again following the submission of the Union Tax Bill 2019 to the Pyidaungsu Hluttaw earlier this month. The proposed tax reduction rate, or tax amnesty, could see tax rates revised to 3 percent for income […]
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