NAY PYI TAW, June 28 (Xinhua) — A senior Myanmar Home Ministry official on Friday stressed the need to strictly supervise the implementation of the national strategy of combating money laundering and terrorism financing. Economic undertakings can be carried out safely under the strategy if collaborating with relevant sectors to bring about the promotion of […]
IRD to introduce Income tax bill to parliament
June 4, 2019 by
The Internal Revenue Department (IRD) drafted a new income tax law with the help of International Monetary Fund (IMF) expert, U Min Htut, director general of Internal Revenue Department (IRD), told The Myanmar Times. He said the new legislation will modernise the rules and “effectively cover” different parts of the economy, catching up with international […]
Our leaders should ask for more financial support: Dr Thaung Han
June 27, 2017 by
Dr, Thaung Han told The Myanmar Times in an interview that Myanmar’s leaders should be bolder in asking for loans and financial assistance from international financial institutions. Dr Thaung Han is an adviser of Max Myanmar Holding Co. Max Myanmar operates vehicles and heavy machinery trading and is involved in a wide range of sectors, […]
World Bank urges liberalisation of accounting and auditing sector
June 20, 2017 by
A New World Bank report has urged the government to finalise the statutory framework of the accounting and auditing sector and relax restrictions on foreign accountants and auditors to practice in the country. The Report on the Observance of Standards and Codes – Accounting and Auditing, released on June 16, noted that Myanmar’s revisions to […]
Moderate level of inflation good for economy, say economic experts
December 12, 2016 by
A moderate level of inflation is good for the economy, whereas deflation has a negative impact on the country’s economy at a particular level, said U Maung Maung Win, deputy minister for Planning and Finance. What is important is to exert efforts to effectuate the development in economy, boost the livelihood of people and scale […]
