Property market expected to pick up after elections in Myanmar

Real estate developers are expecting the market to pick up after the November 8 election, when uncertainty over COVID-19 and the political process has cleared. Although lower interest rates have attracted some buyers into the market, COVID-19 restrictions have dampened buyer sentiment. Many buyers are waiting until after the elections to make a move,” he […]

Tiddim silk factory expected to produce 2 tonnes per year

A silk reeling machine installed in Tiddim silk factory and silkworm plant research farm has a production capacity of two tonnes of silk per year, Chin state Minister for Agriculture, Livestock, Forest and Mineral. The machine was purchased under the 2019-2020 regional government’s allotted fund of K300 million. Silk reeling machines are required for the […]

Govt to issue revised tax brackets

Parliament is expected to announce new tax rates as early as next month in a bid to raise revenue from 3 to 4 percent of GDP to 4.5pc for the 2014-2015 fiscal year – and to more than 10pc in future years, officials said. U Win Myint, a member of parliament’s Banks and Monetary Affairs […]