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Tax System to Change due to Speculation in Real Estate

Yangon - June 10 In Nay Pyi Daw, in order to control big land owners speculating land price, union minister U Soe Maung is advising state governments to come up with property taxes. Representatives from regional parliaments, regional businessmen, and members of regional governments should discuss...

Myanmar Teleport (MPT) Yet to Reach Agreement with Japan’s KDDI

Yangon - June 9 Myanmar Teleport has yet to reach an agreement with KDDI, a Japanese telecommunications company, due to ongoing discussions on issues regarding investment and staffing. “Although we expected to sign the agreement at the end of this month, the negotiations are not finished yet. This...

Foreign Bank Selection Team Urged to Include Representatives from Local Banks and Business Organizations

Yangon - June 9 The Foreign Bank Selection Team should include representatives from local banks and business organizations, said Myanmar Bank and Monetary Development Committee’s chairman U Aung Thaung. “We should negotiate and coordinate on the number and the types of businesses we are going to...

GAP: to Be Made in Myanmar

Yangon - June 6 Starting next summer, clothing with “Made in Myanmar” labels will be available in world famous GAP stores. As the first retail company to enter reforming Myanmar’s market, GAP has signed contracts on June 7th with two clothing factories to manufacture Old Navy and Banana Republic...

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