Myanmar's once-booming magazine market is shrinking fast, and many publications may be on the verge of extinction, industry experts say. The problems include the proliferation of TV channels, loss of advertising and an increase in postal rates that has decimated their foreign circulation.
Asian Development Bank (ADB) president Takehiko Nakao pledged to continue supporting the development of Myanmar, while also pushing for more reforms in a variety of sectors during a meeting with president U Thein Sein and several government ministers earlier this week in Nay Pyi Taw, the ADB said in a release last week.
The gold mining industry is dumping an estimated 16.3 kilograms (36 pounds) of mercury – a dangerous and toxic mineral – into Myanmar’s waterways per day, from where it is entering the food supply and potentially poisoning the population, a former government official has warned.
Expats living in Myanmar you have access to some very favourable wealth accumulation plans which you will not see back home. Expats everywhere have access to these because they are structured internationally in tax havens and available from anywhere in the world.
Several laws have been passed recently that bring important changes to income tax, commercial tax and stamp duty effective 1 April.
For Chew Seng Kok, the ASEAN Economic Community (AEC) – set to launch in January 2015 – is not a nebulous concept too far off or too unwieldy to take shape.
A new Financial Institutions Supervision Department will be formed under the auspices of the Central Bank this year to act as a credit bureau in a bid to increase credit access across the country, officials said last week.
In a move to cut red tape and facilitate overseas trading, the Ministry of Commerce has announced the abolition of fees for the cancellation of export licences.