Electricity sector tops foreign investment in Nov and Dec


Rice trade plummets at Yangon's commodity exchange due to fraud fears


Ever since numerous cases of fraud and malpractices involving Bayinnnaung Rice Commodity Exchange got revealed, rice makers have been directly dealing their products to the markets.

Mya Khwa Nyo Housing Project to be built under Chinese investment

YANGON- Myanmar will be implementing Mya Khwa Nyo Housing project which cost over US$ 70 million joining hand with the Chinese investment, according to the press conference organized by Myanmar Investment Commission held on January 19th.
The project will be built on over 3-acre wide land plot in Tharkayta Township, Yangon Region.

Import of sugar 'greater than local needs'

Mandalay- Sugar import from foreign countries is more than the amount of local consumption and may cause a decline in the sugar price. This will affect sugarcane farmers as it is the harvesting time, said Win Htay of the Myanmar Sugar and Sugarcane Product Entrepreneurs Association (Mandalay).

Stalled Dawei SEZ set to resume this year


IMPLEMENTATION of the Dawei special economic zone (SEZ) has been suspended for years, but Myanmar and Thailand are still eager to revive the mega project, according to an official in Myanmar.

Phyo Win Tun, minister for planning and finance at the Tanintharyi Region Government and vice-chairman-1 of the Dawei SEZ management committee, said Myanmar would push for the project to be resumed in the second half of this year.

Businesses call for closer ties with Kanchanaburi


HIGH POTENTIAL of Myanmar’s Tanintharyi Region could be unlocked only if the government attempts to strengthen bilateral cooperation with the neighbouringKanchanaburi Province, according to Ye HtutNaing, president of Tanintharyi Region Chamber of Commerce and Industry (TCCI).

“Myanmar and Thai businesses have planned to implement the ‘sister cities’ initiative between Dawei and Kanchanaburi. Now it is time to speed up our efforts,” he said in an exclusive interview.

Largest foreign taxpayers for 2016-2017 FY announced

Internal Revenue Department has announced the list of foreign companies that paid most in tax for 2016-2017 fiscal year with Moattama Gas Transportation paying over K140 billion in income tax and Myanmar Brewery paying over K100 billion in commercial tax.

Top 10 lists for income and trading Tax payers announced


According to the Internal Revenue Department, Kanbawza Bank and Dagon Beverages lead the list of highest income tax payers among domestic companies for 2016-2017.

KBZ Bank lead the top 10 list with over Ks 20 billion and the rest under Ks 10 billion are Diamon Star, Myawaddy Bank, Shwe Taung Development, Myanmar Economic Holdings Limited, Myawaddy Trading, PT Power Trading, Thilawa SEZ Administration.

FDI expected to hit $3 billion in six months

From April to September this year, the country’s inflow of foreign investments is expected to reach as much as US$3 billion (4.06 trillion kyat), said Than Aung Kyaw, deputy director-general of the Directorate of Investment and Companies Administration.

More fish auction markets planned for Myeik despite local criticism

The government is planning to develop a quality fish-auction market as Japan helps draw up a masterplan for the development of Myeik town in Taninthayi Region, said Region Chief Minister Dr Le Le Maw.
The chief minister revealed the plan in a recent meeting with local people and departmental organisations in Myeik after local residents criticised the government for attempting to launch a new fish-auction market. Locals suggested the government instead provide assistance to the existing international fish-auction market.