The Myanmar Times
The Myanmar Times

Decentralise and let regions and private sector develop infrastructure: WEF takeaways

World Economic Forum on ASEAN 2017

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European Chamber chief voices scepticism against the BRI

Filip Lauwerysen, executive director of the European Chamber of Commerce Myanmar, wrote to The Myanmar Times and said that the Myanmar government and businesses should be cautious about the BRI, a scheme which he saw as a move by China to align the terms of trade and determine technical and environmental standards more closely with the domestic Chinese practice and hence increase China’s competitiveness:

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What do local and international businesses make of the Belt and Road?

Businesses in Myanmar generally welcome the Belt and Road Initiative’s (BRI) investment boost for the country’s infrastructure development.

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Pyithu Hluttaw set to amend draft legislation on the gemstone sector

Amendments would be made to the proposed gemstone law currently under discussion at the national legislature, said U Tint Soe, Pyithu Hluttaw MP of Hpakant township.

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China-Myanmar Border Economic Cooperation Zone location speculated

Zhou Rong, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China in Bejing, told the Chinese state-run Global Times that the China-Myanmar Border Economic Cooperation Zone was likely to be established at the border between Yunnan province and Kachin State.

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MRF, IRD to discuss withholding tax

The Myanmar Rice Federation (MRF) is going to negotiate with officials from the Internal Revenue Department (IRD) about withholding tax on high-income agri-businessmen, U Nay Lin Zin, joint secretary of Myanmar Rice Federation, told The Myanmar Times.

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Pipelines will supply oil and gas to Myanmar for domestic consumption

Some two million tonnes of oil and two billion cubic metres of gas will be supplied annually for domestic use after the completion of Myanmar-China oil and gas pipelines, the South East Asia Crude Oil Pipeline Co Ltd (SEAOP) and the South East Asia Gas Pipeline Co Ltd (SEAGP) said in a statement.

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Investor-friendly environment and human capital essential for Myanmar’s success in the Belt and Road Initiative

The Belt and Road Initiative: interview with Jonathan Woetzel, McKinsey senior partner and MGI director

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Gas-fired plant in Mandalay to operate with BOT agreement

The biggest gas-fired power plant, with a capacity of 225 megawatts, will start operations in December this year in the Taungtha and Myingyan district in Mandalay Region, a senior official from the Ministry of Electricity and Energy (MOEE), told The Myanmar Times.

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Thilawa SEZ zone B open to investors soon

Land plots in zone B of the Thilawa Special Economic Zone (SEZ) will be put on lease shortly because of high demand from investors, despite the issue of power outages in the area, according to Takashi Yanai, president of Myanmar-Japan Thilawa Development Limited (MJTD).

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