Myanmar’s parliament has approved a proposal by the Ministry of Planning and Finance to significantly reduce existing stamp duty penalties. On November 26, the Law Amending the Myanmar Stamp Act was passed by the Pyidaungsu Hluttaw, Myanmar’s Union Parliament. The law lowers the penalties for late or deficient stamp duty payments to three times the payable stamp […]

The Myanmar government has reassigned U Soe Win as minister of planning, finance and industry, a new ministry merged from two ministries, according to an announcement of Myanmar President’s Office issued on late Thursday. Myanmar’s parliament approved on Tuesday a motion to merge the Ministry of Planning and Finance, and Ministry of Industry into one […]

A Hong Kong-based company will invest US$500 million to execute electricity generation, supply, and sale projects in Yangon and Kyaukpyu cities, said U Thant Sin Lwin, Director-General of the Directorate of Investment and Company Administration (DICA). Hong Kong-listed CNTIC Vpower Company will invest $363.070 million in the generation of electricity from LNG, and supply and sale […]