Price of higher-end vehicles fall after tax reduction

Some high-end cars are looking a little cheaper following a reduction in taxes on special goods under the new 2018 Union Tax Law, which was signed into legislation on March 20. Under the new law, the Special Goods Tax has been halved to 10 percent from 20pc last year. Falling under that category are cars […]

YCDC budgets $77 million for Yangon flooding

The Yangon City Development Committee (YCDC) will spend US$77 million (K104.7 billion) to fund projects to end flooding in Yangon Region, said Yangon Mayor U Maung Maung Soe. The mayor said the money is part of the $124 million loan provided by the World Bank to end the perennial flooding in the country’s economic capital […]