Parliamentarians have been urged to reform the nation’s taxation regime to bring more revenue to the government and allow it to spend more money on developing the nation.
Myanmar’s Central Bank is soon to become autonomous. The law to change its status is likely to be adopted when parliament sits again in late June, observers say.
One-stop service for investors has arrived. Investors who had to grapple with red tape in five or more separate ministries can now get everything done at the new Directorate of Investment and Company Administration (DICA).
Domestic banks are preparing for joint ventures with foreign lenders, several banks reported last week, even though they will not be allowed until the Central Bank of Myanmar is made independent.
Natural gas supply from the Yadana oil and gas project used for domestic electricity generation will not be greatly disrupted, a Myanmar Oil and Gas Enterprise official said on April 3.
The long wait is over, at least for drivers using one of Yangon’s many bottleneck junctions. As of 6am on April 10, after a 13-month period of construction, constriction and congestion, the Hledan overpass finally opened to traffic.
The annual building season in Mandalay may be slowing down as the monsoon approaches but the battle to be the nation’s number one cement is heating up, with new brands challenging more established products in the fight for market share.
Rigid lending practices are driving down produce prices and costing farmers money, they say.
Builders are using less wood from timber mills to construct Thingyan pandals and the trend is having a direct and negative effect on local timber suppliers and sellers, they say.
Representatives of the Palaung ethnic group in Shan State have asked the government to halt work on the Myanmar-China oil and gas pipeline project, which they say is negatively affecting their communities.
