As tax break nears expiry, exporters call for clarity
EXPORTERS are calling on the government to clarify whether temporary six-month tax cuts due to expire in February will be extended.
(Volume 31, No. 612 - January 30 - February 5, 2012)
Dollar and FEC rise on car import demand
THE government’s overage car import substitution program is helping to drive the exchange value of the US dollar and Foreign Exchange Certificates upward, industry sources said last week.
(Volume 31, No. 612 - January 30 - February 5, 2012)
Energy ministry reaps $25m windfall after block auction
THE Ministry of Energy will receive signing bonuses totalling about US$25 million from the winners of the latest onshore oil and gas block auctions, an oil and gas official familiar with the process said last week.
(Volume 31, No. 612 - January 30 - February 5, 2012)
Toyota bids to buy 300,000 tonnes of rice
JAPAN automotive giant Toyota Motors has made an offer to the Myanmar Rice Industry Association (MRIA) to buy and import 300,000 tonnes of rice, an official said on January 21.
(Volume 31, No. 612 - January 30 - February 5, 2012)
IMF notes Myanmar’s ‘potential’ in Article IV mission
THE government faces a “historic opportunity to jump-start the development process and lift living standards”, the International Monetary Fund said at the conclusion of its Article IV Mission to Myanmar last week. (Volume 31, No. 612 - January 30 - February 5, 2012)
Outskirt demand cools: real estate agents
SPECULATION buying at a number of townships around Yangon’s outskirts hit the skids in January as news concerning possible foreign-backed projects stopped flowing, a number of real estate agents said last week.
(Volume 31, No. 612 - January 30 - February 5, 2012)
Football club announces plan to build 100-bed hospital in Pathein
AYEYAWADY United Football Club is investing K5 billion to build a 100-bed hospital in Pathein, in Ayeyarwady Region, the club’s patron said last week.
(Volume 31, No. 612 - January 30 - February 5, 2012)
