Yangon city plans to invite businesses to bid on opening restaurants in parks that offer food at reasonable prices, Yangon Mayor Maung Maung Soe said in a press briefing. “If the hluttaw approves the plan, we will choose these restaurants in a transparent process,” he said. The city will allow the restaurants based on location […]
No proposals or plan to permit casinos: Yangon Region Chief Minister
September 2, 2019 by
THE Yangon Region Investment Committee (YRIC) has not received any proposals for casino businesses, and it does not plan to green light such businesses, said U Phyo Min Thein, the Yangon Region Chief Minister. He made the remarks at a press conference held on Wednesday at the YRIC office. “There is no proposal for setting […]
To pay or not to pay? INGOs wrangle over income tax
May 5, 2016 by
With a new government in office and the start of a new financial year, international non-government organisations (INGOs) are holding intense discussions over whether their well-paid expat staff should pay income tax in Myanmar. Some have been paying tax for years; others claim to have deals that exempt their foreign staff; and others would not […]
Kyaukphyu SEZ plan nears finish as ‘mud volcano’ causes move
June 17, 2014 by
The developers behind Kyaukphyu Special Economic Zone plan to release the master plan at the end of June, even as a “mud volcano” has forced some of the project to move, according to officials. Singaporean firm CPG was selected in March to be the lead consultant on the project. Kyaukphyu is slated to eventually include […]
Coca Cola to build more factories in Myanmar
December 16, 2013 by
Coca-Cola has a plan to build more factories to satisfy the growing demand in Myanmar because the two factories currently in operation are not enough, according to the company officials. Rehan Kam, the operations director for the company said, “The two factories cannot cover the whole market of the country. We have plan to extend […]
