As the world’s nations and businesses become increasingly interconnected, so too does the flow of global migration. According to the OECD’s “International Migration Outlook 2018”, in 2017 some 258m people resided in a country other than the one they were born in, and more than 5m foreign-born persons settled in OECD countries. The flow of...
In 2019 Myanmar’s Internal Revenue Department (IRD) pushed forward with two major reforms – a new tax law and a new tax administration law. The first of the two, the Union Tax Law (UTL 2019), passed by Parliament in September 2019, drew headlines for granting tax amnesty to citizens with undisclosed sources of income. The law brought other...
As Myanmar is liberalising its economy, an increasingly wide range of traditional business practices and structures are being challenged. These range from how to raise finance to how to attract and keep talented employees, with changes in corporate governance now seen as a vital step to ensure sustainable future growth.
Myanmar is considered a crucial component of China’s Belt and Road Initiative (BRI), the multibillion-dollar project that has the potential to shake up global trade and improve transnational infrastructure links. Of particular interest to China is a planned special economic zone (SEZ) and deepwater port at Kyaukphyu in Rakhine State, which...
If Myanmar is to fulfil its economic potential, significant investments are required in transport infrastructure. In all areas – from roads, to railways, to ports – the country has fallen behind its neighbours in the region. Encouragingly, the government recognises the need to prioritise this area, and has begun to make progress on much-needed...
FOREIGN EMBASSIES Australia (01) 251 810 Bangladesh (01) 515 275 Brazil (01) 221 268 Cambodia (01) 549 609 China (01) 221 280/1 Egypt (01) 222 886/7 France (01) 212 532 Germany (01) 548 951/2 India (01) 243 972 Indonesia (01) 254 465 Israel (01) 515 115 Italy (01) 527 100/1 Japan (01) 549 644/8 Laos (01) 222 482 Malaysia (01) 220 248/9 Nepal (...
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