The Myanmar Times
Friday, 01 August 2014
The Myanmar Times
The Myanmar Times

Big gas turbine tender to launch

Myanmar's ageing natural gas turbines are due for renovations as the Ministry of Electric Power (MOEP) plans a tender this year, according to officials.

 

 

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Investment body’s resources put to the test

As of July, the Myanmar Investment Commission (MIC) will no longer be based in Nay Pyi Taw or answer to the Ministry of National Planning and Economic Development.

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Expat Finance: Domicile, residence and why the difference matters

There has been a great deal of feedback from the “Expat health nightmare planning” article, published last week. Much of this relates to expats who claim they are not domiciled in their country of origin, which often conflicts with the views of the relevant authorities there.

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The Fine Print, Legal & tax insight:Working with partner disputes through the Arbitration Bill

A common concern for investors is dispute resolution: If the relationship with a business partner turns sour, will I be at a disadvantage because the other party can influence the judge?

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Public feedback on tax law welcomed

The publics’ suggestions and complaints about the 2014 Union Tax Law are being collected by the Ministry of Finance in a bid to strengthen further taxation legislation, say officials.

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Onshore production sharing deals set to be inked this month

Production sharing contracts for onshore blocks will be signed this month after a half-year delay, according to Ministry of Energy officials.

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Sand dredgers grit teeth over tax grabs

Businesspeople in the sand trade complain they are being double taxed followed the introduction of a tax on dredging rivers in April this year.

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Business hub sets up shop in Dagon

The York Center office building on Yangon’s Yaw Min Gyi Street aims to open its door this month, offering minimum six-month leases to firms looking for office space.

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Bloom gone from flower farms

A land dispute has turned off the irrigation taps and hurt crop yields in Mandalay Region’s Kan Kyi Kome, according to area farmers.

 

 

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Rubber growth bounce leads to smuggling rise

Recent increases in rubber production are not reflected in export statistics, leading officials to conclude that illegal exports are on the rise.

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