The State Administration Council has imposed K20,000 per SIM card on the sales and activation of the SIM Cards and 15% commercial tax on internet services after amending Union Tax Law 2021. "No matter what provisions the Commercial Tax Law comprises, only once commercial tax shall be levied K20,000 per the...
Better Technologies Myanmar (trading as Better HR), based in Yangon has grown to 150 customer companies across 3 countries within 1 year, making it the first Yangon-based startup in the HR space to make it regional. Better HR is a cloud-based application that allows organizations to streamline HR processes such...
After the Central Bank of Myanmar has tightened the dollar exchange rate to between 0.5% of its reference rate by an order issued on November 9,  the dollar rate against Myanmar Kyat has dropped to MMK 1,778 per dollar today. Following the order, there were more buyers than sellers in...
U Kyaw Tin, Union Minister of the Ministry of International Cooperation, has requested China for early access to the COVID-19 vaccine.  “We need to increase collaboration between the developing country to respond to the health challenges we are facing and fight all forms of poverty. Myanmar is continuing its fight...
Stanley White(REUTERS) TOKYO Japanese stocks edged lower December 11 as an approaching deadline for U.S. tariffs on nearly $160 billion worth of Chinese consumer goods just weeks before Christmas kept investors risk-averse. The Nikkei index fell 0.26 percent to 23,350.20, with industrial and healthcare sectors leading the declines. The tariffs were set to...
Yangon Gold Enterpreneur Association (YGEA) is working on innitiating Paper Gold scheme, which allows people to trade gold using the gold certificate issued by the banks. Under the paper gold system, gold is deposited at the banks as assets, for which the banks issue certificate equivalent to the deposited gold....
BEIJING, May 29 (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group. Ninety percent of the 100 or so respondents said they...
Jamie Freed (Reuters) HONG KONG Asian airlines are cautious about the outlook for 2020 after trade disputes undermined confidence and led to economic growth below initial forecasts this year, the head of the Association of Asia Pacific Airlines (AAPA) said on Monday. Airline passenger growth in Asia has moderated this year to...
(Reuters) Here’s what you need to know about the coronavirus right now: Most infectious at the start Studies show people with the coronavirus are most infectious just at the point when they first begin to feel unwell, World Health Organization (WHO) experts said on Tuesday. Dr. Mike Ryan, WHO’s top emergencies expert, said...
Kaori Kaneko and Daniel Leussink (REUTERS) TOKYO Just as Shinzo Abe becomes Japan's longest-serving prime minister, he may be leading the world's third-biggest economy into a downturn, with little ammunition left over from his landmark "Abenomics" stimulus policies deployed seven years ago. The three arrows of Abenomics - bold monetary easing, fiscal...