Confusion over taxes for Yangon jewellery fair

The amount of taxes on sales transactions during the recently concluded Third Yangon International Gems and Jewellery Fair have yet to be determined, officials said. Several days after the conclusion of the fair, the relevant authorities still have not agreed on the taxes for certain transactions,” Daw Myint Thet Naing, vice chair of the Yangon […]

Myanmar has too many banks

The domestic market is still underserved by local banks despite a large number being approved to open in recent years, according to experts. Shwe Rural and Urban Development Bank, tied by local media to conglomerate Shwe Thanlwin led by tycoon U Kyaw Win, is the latest local bank to receive a private banking licence in […]