Myanma Economic Holdings Limited has applied to the national planning ministry to become a public company, as speculation builds that the sprawling military-owned giant is considering corporatisation.
The new government is considering appointing new senior Central Bank officials to ensure the monetary authority can properly regulate Myanmar’s increasingly complex financial environment, according to sources close to the National League for Democracy.
Rising economic growth and three successive years of falling inflation were among the highlights from the Asian Development Bank’s 2016 predictions for Myanmar as part of its annual economic outlook for Asia.
Planned regulations on the Specific Goods Tax, which will be introduced in the coming fiscal year, will help resolve confusion among taxpayers over what taxes they should be paying on different items, the Internal Revenue Department has said.
Testing of a high-yield groundnut suitable for genetic modification will start during the coming monsoon season, scientists have announced. A preliminary test on a 200-square-foot lot at Magwe University was completed in January under a project proposed by the Ministry of Education.
The Myanmar Investment Commission has approved an unusually large number of projects in its final meeting before the new government takes office, including luxury resorts, office towers, port developments, factories and roads.
Mawdaung border trading post, which opened three years ago to help stimulate trade with Thailand, is having the opposite effect according to frustrated orchid dealers, who say the thriving trade in rare flowers that they used to enjoy is on its last legs.