Myanmar will for the first time host the ASEAN IPA (Intellectual Property Association) General Meeting and Annual Conference on April 5 and 6 in Yangon, the Myanmar IPA Association announced at a press conference on March 22.
The Pyidaungsu Hluttaw proposed that a new tax system for the 2013-2014 fiscal year is needed to help the country develop.
ACO Investment Group from the United States is planning to invest US$700 million in Myanmar, including $200 million for the Yangon International Airport and $500 million for a telecommunication license, Bloomberg News reported on March 18.
Visa will extend their network of Point-of-Sales (POS) transactions by April or May throughout the country, said the spokespersons of domestic banks.
The official exchange rate has depreciated to about K890 a dollar as of March 14.
Foreign nationals can now withdraw from their foreign-currency bank accounts every weekday, an official from the Foreign Exchange Management Department (FEMD) under the Myanmar Central Bank said.
Maersk Line and MCC Transport, subsidiaries of Danish business conglomerate AP Moller-Maersk Group, announced on March 8 that they intend to open a branch office in Myanmar following EU and US trade sanction suspensions last year.
Solar power can provide electricity for the whole country by 2031, said U Thoung Win, chairman of the Renewable Energy Association Myanmar on March 11.
The government is planning to draft a new energy policy based on the current Japanese model, said U Win Kyaing, a member of the Energy Development Committee.
Chief regional rice exporters held a meeting aimed to boost multilateral agricultural trade between the countries at Park Royal Hotel in Yangon.
