Category: Business Insights

Fuel prices continue falling in Myanmar

Fuel prices continue falling in Myanmar

As world oil prices have plunged due to the coronavirus outbreak in January causing a supply glut as the demand slows and Russia and Saudi Arabia are set raise production to grab a greater share of the market and fuel price has decreased by about K400 per litre since the start of 2020. According to […]

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Approval given for €50 million loan for waste-to-energy project in Yangon

Approval given for €50 million loan for waste-to-energy project in Yangon

The Pyidaungsu Hluttaw (Assembly of the Union) has approved the acceptance of a €50 million loan from Poland to be used for a waste-to-energy project in Yangon. The project will be implemented at the Hteinpin landfill in Hlaing Tharyar township, Yangon, and is expected to be complete by 2022. Once the project is up and […]

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MoEE signs letter of intent to speed up Mee Lin Gyaing LNG power plant construction

MoEE signs letter of intent to speed up Mee Lin Gyaing LNG power plant construction

The Ministry of Electricity and Energy signed the Letter of Intent for the Acceleration of Mee Lin Gyaing Integrated LNG to Power Plant with three companies and a Myanmar company on 17 January. The LNG power plant is based in Mee Lin Gyaing region of Shwethaungyan Township in Pathein District, Ayeyawady Region, and is the […]

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Myanmar eases visa rules for five countries

Myanmar eases visa rules for five countries

The government will relax its visa regulations for five more countries from January 1 as part of its effort to attract more foreign visitors to the country, according to the Ministry of Hotels and Tourism. Travelers from the Czech Republic, Luxembourg, New Zealand, Hungary and Austria will be given visas on arrival upon entering the […]

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WHERE YOU CAN ORDER WRITING ESSAYS, ESSAYS

WHERE YOU CAN ORDER WRITING ESSAYS, ESSAYS

Why is ordering an essay a good solution? Writing an essay is one of the most difficult tasks that students face. It requires you to Express your own opinion on a particular issue so that the scientific nature of the work is preserved. In fact, the author of the essay has to balance on a […]

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State-owned Thaton industrial park invites EOIs

State-owned Thaton industrial park invites EOIs

The Ministry of Industry (MOI) is inviting foreign and local enterprises to invest in the Eco-Industrial Park (Thaton) in Inn Shae Village, Thaton township, which is in Mon State. The park is open to businesses involved in any sector. Investors interested in setting up facilities at the 400-acre park are required to submit Expressions of […]

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July PMI signals worsening business conditions

July PMI signals worsening business conditions

Following unchanged operating conditions in June, July survey data indicated the first deterioration in manufacturing performance since September 2017 among manufacturers in Myanmar. Fragile client demand was reflected in falls in output, employment, alongside a second successive decline in new business. “Input prices increased at the fastest pace since January 2017, amid reports from manufacturers […]

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Water purification plant to be built near Letpadaungtaung copper project

Water purification plant to be built near Letpadaungtaung copper project

Thailand and Myanmar will invest US$5 million to build a water purification plant near Letpadaungtaung copper mining project in Monywa, Sagaing Region, according to the Directorate of Investment and Companies Administration (DICA) in Sagaing Region. The name of Thai company is not disclosed at the moment. Sagaing Region’s DICA supports the plan on construction of […]

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Government abolishes 2% of withholding tax on domestic payment

Government abolishes 2% of withholding tax on domestic payment

The Ministry of Planning and Finance released its latest notification (47/2018) on withholding tax, which replaces notification (51/2017) released on May 22, 2017. Effective July 1, an existing 2% withholding tax will be abolished on residents for payments involving cooperative business with the government, partnerships, joint ventures, companies, registered associations or organisations, cooperative societies, foreign […]

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Myanmar Connect 2018 Date: 18th Sep Organizer: Capacity Media Contact: [email protected] , [email protected]

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