tax revenue

Negotiations on to ensure Alipay, WeChat use CBM payment gateway

October 4, 2019 by Thiha

Negotiations are under way to make sure transactions on the WeChat Pay and Alipay services — which are used by Chinese tourists visiting the country — pass through the payment gateway of the Central Bank of Myanmar (CBM), said Naw Pan Thinzar Myo, the Yangon Region Minister for Kayin Ethnic Affairs. The move would help […]

Filed Under: Latest News Tagged With: ban, Central Bank of Myanmar (CBM), cheap tour packages, Chinese Tourists, digital banking, Hotels and Tourism, Negotiations, tax revenue, WeChat Pay and Alipay services, zero dollar or zero budget tours

Foreign casino operators looking to set up in Myanmar

August 13, 2019 by Thiha

A number of casino operators from Hong Kong, Taiwan and Macau have enquired about operating casinos in Myanmar following the passing of the Gambling Law 2018 in May, which replaced an earlier law from 1986. Directorate of Investment and Company Administration acting director-general U Thant Sin Lwin said casino operators from Hong Kong, Taiwan and […]

Filed Under: Latest News Tagged With: business, Casino operators, Directorate of Investment and Company Administration, Gambling Law 2018, Hong Kong, Taiwan and Macau, tax revenue, tourist attraction

Kyaukphyu port: What happens next?

November 15, 2018 by Thiha

After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]

Filed Under: Latest News Tagged With: asean, Belt and Road Initiative, Chang Zhenming, China-Myanmar economic corridor, CITIC, CITIC Group, East-West Economic Corridor, economies, Environmental and Social Impact Assessments, Environmental Compliance Certificates, industrial zone, Kyaukphyu, Kyaukphyu SEZ, Management Committee, memorandum of understanding, National League for Democracy, Rakhine Commission, Rakhine State, SEZ, Sino-Myanmar, Strategic Environmental Assessment, tax revenue, Yunnan Province

Are municipalities Myanmar’s champions of reform?

May 2, 2018 by Thiha

2017 was a difficult year for Myanmar. The rocky peace process and crisis in Rakhine have complicated the government’s effort to put together a reform agenda following five decades of authoritarian rule. In such a challenging context, it is easy for bureaucratic inertia to set in and for people within government to become more risk […]

Filed Under: Latest News Tagged With: Alison Chan, Asia Foundation, Asia Foundation’s governance program, Ayeyarwaddy Region, Chin State, DAOs, Development Affairs Organizations, Facebook and Viber, finances, food safety, gender advisor, James Owen, Kayin State, license fees, licensing system, Livestock, meat prices, Minister for Development Affairs, Ministry of Border Affairs, mobile app technology, municipal revenues, Municipal staff, Myanmar cities, operations, rakhine, Renaissance Institute, RI, Shan State, Shan State government, Taunggyi, tax revenue, the economist, Union-level line ministry, urban services, Waste Management, workshop discussions

Minister says Myanmar open to allow casinos: report

February 19, 2018 by Thiha

Myanmar’s minister for hotels and tourism, Ohn Maung, says the national government is not opposed to casinos being developed in the country, as a way to boost the tourism industry, reports Myanmar-based English-language Eleven Media. The minister’s comments were made in response to a question by a member of the lower house of the country’s […]

Filed Under: Latest News Tagged With: casinos, Central Committee, current gambling law, Kayin, mandalay, Mon, MP Aung Hlaing Win, Myanmar, Myanmar Times newspaper, Myanmar-based English-language Eleven Media, Myanmar’s Mergui Archipelago, Myanmar’s minister for hotels and tourism, National Tourism Industry, Ohn Maung, Shan, Singapore-based firm, Tanintharyi, tax revenue, the chair of the Myanmar Tourism Federation, Yan Win

Parliament passes condominium law

January 27, 2016 by Thiha

Mired in legislative gridlock until the dying days of the outgoing government, the condominium law finally squeaked through parliament on January 22 after years of back-and-forth argument between the upper and lower houses. The president still has to approve the law, but in principle foreigners will now have the right to buy up to 40 […]

Filed Under: Latest News, Property Report Tagged With: Amyotha Hluttaw, Amyotha Hluttaw MP, Apartments, condominium, Foreign Buyers, foreign currency, MInistry of Construction, Pearl Condominium, president, Pyithu Hluttaw MP, tax revenue, U Khin Shwe, U Khine Maung Yee