Financial inclusion makes big inroads into Myanmar

27 Jun 18
Myanmar has seen a significant increase in the numbers of adults with access to at least one formal financial services product, according to research presented on June 19 as part of ...

Government removes 2pc of withholding tax on domestic payments

27 Jun 18
The Ministry of Planning and Finance yesterday released its latest notification (47/2018) on withholding tax, which replaces notification (51/2017) released May 22, 2017. Effective July 1, an existing 2 percent withholding ...

Mottama’s Yangon ambition spans nine projects

27 Jun 18
Mottama Holdings Limited, a Yangon-based company owned by Myanmar-Chinese entrepreneur U Yang Ho, has nine major projects in the pipeline, valued at US$1 billion and expected to be all completed by ...

Government announces new MIC appointments, U Thaung Tun as new chair

27 Jun 18
The Union government on Saturday officially announced changes in the ranks of the Myanmar Investment Commission (MIC). According to notification (61/2018), U Thaung Tun, union minster of Ministry of the Office ...

IRD will reward those who lodge complaints on businesses that fail to pay tax

11 Apr 18
The government is raising its efforts to collect taxes from commercial enterprises. Last week, the Internal Revenue Department said it will reward those who provide information on establishments that fail to ...

Yoma Bank, Maha Agriculture support lending to microfinance

11 Apr 18
Yoma Bank and Maha Agriculture Public Co, a local microfinance institution, yesterday announced the completion of a K3.5 billion ($2.6 million) funding agreement in support of Maha Agriculture’s lending activities in ...

Myanmar to Hold Investment Forum in May

11 Apr 18
YRG Preliminary meeting to host Yangon Investment Forum in May 9th, attended by officials from Yangon Regional Government, YCDC, DICA, Myanmar Investment Development Association, Asia Development Bank, GIZ PwC Myanmar Myanmar ...

Legislation needed to govern industrial zone development

11 Apr 18
With the Yangon region government aiming to expand the industrial sector by around 10 percent in 2018-19, members of parliament have urged the authorities to prescribe the appropriate legislation to govern ...

NongHyup Financial and HTOO Group to start financing service in Myanmar in July

11 Apr 18
South Korea’s NongHyup Financial Group Inc. together with Myanmar’s HTOO Group will start a financial service for farming equipment businesses in the Southeast Asian country in the second half with this ...

Additional loans to be disbursed to profit-making SMEs

11 Apr 18
Additional loans will be disbursed to profit-making small and medium-sized enterprises after a review of their investments and progresses, said Union Minister for Industry Khin Maung Cho. For the business expansion ...