Defunct Yangon car sales centres are causing headaches for the Ministry of Commerce. Businesses are failing to formally report closures, leaving the ministry with an out-of-date registry on which two-thirds of listed sales centres no longer exist.
Banks are trying to increase the number of credit cards in circulation, though this will depend on better infrastructure, more relaxed regulations and an official credit bureau, bankers said.
The ban on barter has almost shut down overland trade with India, local merchants say. Since the popular barter system was suspended at the Myanmar-India border post of Tamu, cross-border trade has slumped.
Myanmar's state-owned enterprises (SOE) are contributing less to the government even as their revenues rise, while the Ministry of Finance has started work on devising them a better reporting system, according to a new report.
Parliament approved a new tax law for the coming fiscal year on January 22, including incentives for whistleblowers as well as a dizzying array of tax brackets for locally made alcohol and cigarettes.
Malaysian firm IHH Healthcare is building a US$70 million 250-bed hospital in Yangon through a Singaporean subsidiary, which will help efforts to train local Myanmar health professionals, the company said.
Construction of a temporary replacement for Mingalar Market, which was destroyed by a fire on January 9, may be delayed due to disagreement on whether to reconstruct the market or build a new one, shop owners say.