Friday, August 18, 2017

Ministry warns gold mining companies to payoutstanding debt

There are outstanding 150 viss of gold debts to be paid by over 100 gold mining companies to the government, U Phone Myint, deputy director from No. 2 Mining Enterprise under the Ministry of Natural Resources and Environmental Conservation, told The Myanmar Times.

Continue reading »

Shares of 55 companies can soon be traded locally

55 public companies which were given the green light to sell shares in the local over-the-counter (OTC) market must receive official permission from the Securities and Exchange Commission of Myanmar (SECM) first, U Htay Chun, member of the commission, told The Myanmar Times.

Continue reading »

YSX-listed firms to enjoy 5pc tax reduction

Companies listed on Yangon Stock Exchange (YSX) will now need to pay only 20pc income tax, according to the Ministry of Planning and Finance.

Continue reading »

Fiscal deficit halves in 2016-17, but shortfalls in revenue and expenditure

The budget deficit for the 2016-2017 fiscal year ended March 31, 2017 was a little over half of the official target as a result of government under-spending, according to the preliminary data released to members of the parliament.

Continue reading »

State Counsellor urges bankers to promote economic development

State Counsellor Daw Aung San Suu Kyi has urged prominent bankers to cooperate and take part in the country’s economic development at a separate meeting held at Nay Pyi Taw.

Continue reading »

Hello Cab returns to market with new app, says market big enough for four

Local taxi operator Hello Cab is gearing up to compete in Yangon’s after upgrading its mobile app, managing director U Aung Win said.

Continue reading »

Poultry businesses in Dawei down and out in wake of H5N1

Poultry businesses from breeders to sellers across Dawei Township, Tanintharyi Region, have been forced to close indefinitely after the recent outbreak of the H5N1 influenza virus.

Continue reading »

Myanmar opts for domestic power generation despite neighbours’ offers

Plans are underway to generate electricity from local power plants even though some neighboring countries – China, Thailand, Laos and India – have offered to sell their electricity to Myanmar, Deputy Permanent Secretary U Myint Soe of the Ministry of Electricity and Energy (MOEE) told The Myanmar Times.

Continue reading »

In ASEAN’s fastest-growing market, SME development barred by obstacles

Local small and medium-sized enterprises (SMEs) in ASEAN’s fastest-growing market are unable to develop and grow because they are bogged down by a slew of bureaucratic and administrative difficulties, business leaders and politicians said.

Continue reading »

Quality cotton seeds running out even as demand rises

National produciers of cotton – one of Myanmar’s strategic export crops – are facing problems accessing seeds, cotton farmers told The Myanmar Times.

Continue reading »