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.
Trading volumes leapt on the second day of First Myanmar Investment’s life as a listed company. The firm’s share price has increased almost 35 percent in just two trading days, although there are signs the sharp rise in value is slowing.
Myanmar Investment Commission has chipped away at the list of enterprises in which foreign investors must form joint ventures with a local company – opening up the areas of seed and rubber production.