India, Myanmar agree to open Sittwe Port in 2021

India and Myanmar have agreed to work towards launching the Sittwe Port in Rakhine State in the first quarter of 2021, according to announcements by the Myanmar government and the Ministry of External Affairs of India. The developments were made during the visit of an Indian government delegation to Myanmar this week. The Sittwe Port […]

Myanmar Government moves to cool property market

Government officials say they are planning to introduce additional real estate transaction taxes to cool the overheated the sector. The statements follow announcements in state media last week that a tax on real estate transactions will not be lowered from its current 37 percent, despite industry pressure. Deputy Minister of Finance Maung Maung Thein said […]