Often described as wedged between India and China to illustrate its growth potential, Myanmar’s proximity to the two resource-hungry giants has not always been a blessing. For a long time, the state has fostered the interests of smugglers of various resources, creating a black market that grew to some $100bn between 1960 and 2013, according to...
While most industries have benefitted from an influx of foreign investment since the opening of the economy in 2011, the mining sector has yet to catch up. There are a few reasons for this, including legal inconsistencies and ongoing civil unrest in key areas. Through the implementation of mining law reforms passed in late 2015, many...
VISA: Both tourist and business visas can be applied for online. The tourist visa has a duration of 28 days and takes no more than three days to get approved, while the business visa is valid for 70 days. You are required to submit a colour passport-sized photo, letter of invitation and company...
Home to floating villages and monasteries, and wrapped by mountain ranges, the pristine freshwater of Inle Lake continues to attract visitors. Even before the reopening of the country to the outside world, foreign tourists ventured to Myanmar, eager to soak in the lake’s natural surroundings. Today the lake is still one of the country’s top...
CHATRIUM HOTEL ROYAL LAKE YANGON No. 40 Natmauk Road, Tamwe Township, Yangon T: +951 544 500 F: +951 544 400 info.chry@chatrium.com www.chatrium.com Rooms: A total of 300 rooms and suites, with 165 deluxe rooms, 89 Chatrium club rooms, 10 corner deluxe rooms, 7 studio suites, 8 junior suites, 15 deluxe suites, 5 luxury suites and 1 royal lake...
The years 2012 and especially 2014 witnessed several constructive changes through amendments to the Income Tax Law (ITL), the Commercial Tax Law (CTL), the Stamp Duty Act and the Court Fee Stamp Act. These were aimed at meeting the tax reform agenda that was set by the parliamentary government installed in 2011, in order to eradicate the...
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