Weekly Business News from Myanmar

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  According to the new amendments in the Union Taxation Bill; Alcohol, cigarette and tobacco products, which are in a list of 16 products, will see a rise in tax in 2015-22016 fiscal year which starts in April

  According to the new amendments in the Union Taxation Bill; Alcohol, cigarette and tobacco products, which are in a list of 16 products, will see a rise in tax in 2015-22016 fiscal year which starts in April
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  Thai hospitality and hotel conglomerate Dusit International has signed a hotel management agreement (HMA) to open its contemporary D2 brand in Myanmar

  Thai hospitality and hotel conglomerate Dusit International has signed a hotel management agreement (HMA) to open its contemporary D2 brand in Myanmar
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  Japan has offered Myanmar USD 250 million for development projects

  Japan has offered Myanmar ¥25.8 billion ($258 million) in loans to help the country carry out its development projects.
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  More internet service providers (ISP) may enter Myanmar market as the telecommunication bylaws have been passed

  More internet service providers (ISP) may enter the Myanmar market as the telecommunications bylaws have been passed, U Thaung Tin, deputy minister for telecommunication and information technology, said.
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  Yangon high-end residential supply to quadruple by 2017

  More than 10,000 new high-end residential apartments in luxury condominium towers will be added to the Yangon market before the end of 2017, according to a new report.
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  BMW Motorcar Company has opened the first showroom/service center in Yangon

  World-famous Germany-based BMW Motorcar Company’s the first showroom, service center and S3 center that include spare parts was opened in Yangon on November 15 at the corner of Narnattaw Road and Pyay Road, Kamayut Township, according to Prestige Automobiles Co., Ltd.
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  French cement giant, Lafarge, has opened repacking factory in Thilawa SEZ

  Lafarge, a French cement manufacturer, and two local companies – Aung Myin Thu and My Associates, have opened a repacking factory with a US$10-20 million investment in the Thilawa Special Economic Zone.
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  Obama is optimistic on change in Myanmar, more work to be done

  U.S. President Barack Obama said on Thursday he was optimistic about political change in Myanmar and called on the country's top politicians to push on with reform toward a free, inclusive and transparent election in 2015.
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  Investment Climate Reforms Needed to Promote Private Sector Development: WB Survey

  Reforms of Myanmar’s investment climate are urgent across a number of areas, especially access to finance, land, electricity and skilled workers, which were identified as the top constraints in a survey by the World Bank Group.
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  The Ministry of Hotels and Tourism will reform tender regulations of leasing state-owned hotels to private investors

  The Ministry of Hotel and Tourism will reform the tender regulations over leasing state-owned hotels to private investors, the ministry said.