The Myanmar Times
Wednesday, 24 September 2014
The Myanmar Times
The Myanmar Times

Nestlé products to be made in Myanmar

Nestle will partner with Myanmar Distribution Group (MDG) to distribute its made-in-Myanmar products by the end of 2016, according to company officials.

 

 

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Record year may be coming for rice exports

Rice exports are booming and may hit their highest volumes in over 70 years this year, according to one of the country’s largest exporters.

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Hoteliers claim to face double taxes for liquor licences

Hotels that serve liquor are groaning under the burdens of taxation and red tape, hoteliers have complained, as police raided hotels in Bagan on suspicion of importing alcohol illegally.

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Job creation falling short: Serge Pun

Prominent local businessperson Serge Pun said Myanmar has a mixed scorecard on job creation, and is not generating the employment growth it could achieve.

 

 

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Telecoms keep improving but expectations are high

The mobile race is nearly in full swing, though consumers need to be realistic as service rollouts across the country have years to go, industry observers say.

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Yoma receives IFC loan

Yoma Bank will receive a US$5 million convertible loan from the World Bank Group’s International Finance Corporation (IFC), the first part of what could be total financial support of $30 million in the coming years.

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Devalued kyat blamed on dollar strength

The peak export season in the last four months of a calendar year normally sees the kyat strengthen against the US dollar, though this year the opposite is happening.

 

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The Fine Print, Legal & tax insight: Mitigating tax exposure by using holding companies

Foreign investors wishing to sell their investment in Myanmar face a capital gains tax rate that amounts to a whopping 40 percent for non-residents.

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Minding the country’s education gap

Myanmar's strong economy is creating new employment opportunities across the board, but it is not a given that people are being trained for the job market.

 

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Preparing workers for the rigs

The local oil and gas industry is garnering global headlines, as international firms rush to participate in onshore and offshore development.

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