Domestic investment draft law allows income-tax exemption for 5 years

summit

The Myanmar Citizens Investment draft law will allow local investors income-tax exemption for five consecutive years from the time a business is set up. Private firms that operate state-owned businesses under the Build-Operate-Transfer (BOT) system and manufacturers of beverages and cigarettes will benefit the most from the law. Paragraph 24 (a) under More...

by AOW | Published 5 years ago
china-oil-pipelines-gUANG-AN
By AOW On Sunday, June 3rd, 2012
0 Comments

Govt calls for offshore block investment

MYANMAR recently announced that 23 offshore oil and gas blocks were available to international oil companies interested in working in the potentially lucrative sector. The announcement was made by U Aung Kyaw Htoo, More...

images
By AOW On Saturday, June 2nd, 2012
0 Comments

Suu Kyi demands ‘urgent’ legal reform in Myanmar

BANGKOK: Democracy leader Aung San Suu Kyi on Friday urged Myanmar’s government to carry out urgent judicial reform to cement recent political progress and foster clean investment in the country. Addressing world More...

Image
By AOW On Friday, June 1st, 2012
0 Comments

Myanmar’s economic opening concerns Chinese investors

While all the signs point to the ushering in of an “economic spring” in Myanmar, as great opportunities attract foreign investors, there is unease among Chinese businessmen. The latest sign of this “spring” More...

index
By AOW On Tuesday, May 29th, 2012
0 Comments

India to open super highway to Burma and Thailand

India plans to open a new motorway that will allow access to Burma, Thailand, Cambodia and Vietnam in hopes of creating a new economic zone. The plan to build the economic zone was previously difficult due to international More...

index
By AOW On Monday, May 28th, 2012
0 Comments

India Tries to Play Catch-Up in Myanmar; Signs 12 Deals

NEW DELHI – India is jostling for space in energy-rich Myanmar, signing as many as 12 bilateral agreements Monday in an effort to play catch-up with well-entrenched rival China. The agreements — signed by More...

images
By AOW On Monday, May 21st, 2012
0 Comments

People protest against electricity shortage in Mandalay

After frequent electricity cut-off in Mandalay city for several days, people in this former kingdom city protested against power shortage and demanded 24-hour electricity supply every day. Mandalaynites started More...

index
By AOW On Wednesday, May 16th, 2012
0 Comments

Myanmar opens for business, India Inc treads cautiously

Myanmar is open for business, but not everyone is ready to dive in just yet. Foreign direct investment (FDI) into the country — one that is rich in resources but remains deeply impoverished — has grown over More...

index
By AOW On Tuesday, May 15th, 2012
0 Comments

US/Burma: Don’t Lift Sanctions Too Soon

(Washington, DC) – The US government should not ease sanctions on business activities in Burma until adequate safeguards are in place to prevent new investment from fueling human rights abuses. A US presidential More...

index
By AOW On Monday, May 14th, 2012
0 Comments

Is it time for investors to look to Burma?

“Burma is open for business once more” has been the cry that has gone up from many on hearing the news that EU sanctions are to be suspended on the military-dominated state. Indeed many have declared More...