The Myanmar Times
The Myanmar Times

Hong Kong, Shanghai and Singapore to offer support for gold exchange market

The operators of gold exchange in Hong Kong, Shanghai and Singapore have offered the Myanmar government professional and technical support in order to establish a bourse in the country for trading the precious, according to the Myanmar Gold Entrepreneurs Association (MGEA).

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36 investment proposals permitted under two old laws

For the first month of this fiscal year, 36 businesses, approved under two older investment laws, have been permitted to operate, according to Myanmar Investment Commission (MIC) secretary U Aung Naing Oo.

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Land rights major risk for EU-Myanmar IPA

As EU-Myanmar Investment Protection Agreement (IPA) negotiations entered the fifth round, a report released by ACT-Alliance on the potential risks and opportunities of the agreement has named Myanmar’s widespread land conflicts, land-related human rights, the need for policy space and limited institutional capacity as major obstacles to the forthcoming IPA.

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Tapping Uber to reform and regulate Yangon’s traffic

The commercial capital has tapped into the sharing economy to reform and regulate the city’s road transport. Uber, a ride-hailing app provider, officially started its services in Yangon yesterday.

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No airport extension in Ngapali until trash is slashed

The tourism minister is very keen to “slash the trash” in Ngapali.

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Fuel storage terminal with US$92m FDI to start operation at Thilawa port

The first and largest fuel storage terminal in Myanmar, which has involved US$92 million of investment, opened during the first week of May, said officials from Puma Energy Asia Sun (PEAS).

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Politics and economy two sides of the same coin

As part of the interview, EU ambassador Roland Kobia spoke to The Myanmar Times on the importance of political stability on investor confidence and the economy.

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Political stability and investment protection necessary for more investments: EU ambassador

More than a year ago, the Myanmar Times asked the European Union ambassador Roland Kobia for his views on the priorities for the new government. Roland Kobia, a Belgian, became the first resident ambassador of the European Union to Myanmar in September 2013, having previously served in the Democratic Republic of Congo, Kenya and Azerbaijan among others.

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Water transport to begin operation in early June

Water vehicles will start serving commuters in early June with ships and boats bought from Thailand and Australia, according to Daw Tint Tint Lwin, CEO of Tint Tint Myanmar.

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5pc commercial tax on pure gold opposed by traders

In a meeting on April 30, gold entrepreneurs and traders decided to suspend the commercial tax on pure gold in 2017. Earlier, they have collected signatures and sent a petition to the Legal Affairs and Special Cases Assessment Commission, Ministry of Planning and Finance, Ministry of Commerce and Ministry of Mining. They said that a 5pc commercial tax should not be levied on pure gold.

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