With a coastline stretching out over 2832 km along the Andaman Sea and the Bay of Bengal, Myanmar’s beach resorts are increasingly becoming a tourist hot spot. One of the more popular destinations is Ngapali Beach, which is located in Rakhine State and was known as Sandoway during the colonial period. This tranquil paradise has no remnants of...
Yangon Port is in some ways still decidedly 19th-century. Cargo handling is manual and paperwork old-fashioned – a shipper must submit copies of each document to three separate offices. There is no single window and no electronic reporting. Bills of lading are inaccessible online and tracking is done by hand, making it hard to know the precise...
ity to receive visitors. Its drawback is its location, some 50 miles north-east of downtown Yangon, which, with growing traffic, could be a long drive.
The consortium also includes three of Korea’s largest construction firms: Halla, Lotte and Kumho. Kumho, part of the Kumho Asiana group that also owns Asiana Airlines, specialises in airport...
Myanmar’s tax system is mainly based on the Income Tax Law and the Commercial Tax Law. As the reform agenda put in place by the Myanmar government continues to change the country’s political and economic landscape, we also expect that these tax laws will be updated through notifications issued by the Internal Revenue Department (IRD) to...
Myanmar is one of the more promising nations for investment into manufacturing. Wages are some of the lowest in the world, workers are productive and the literacy rate is in the high ninety percentile. In addition, the country is actively targeting manufactured goods after years of isolation, with legal reform and better regulation gathering...
Myanmar’s very name is evocative for many, conjuring images of an exotic land of famous golden pagodas, teeming jungles, rolling mountains, pristine tropical beaches, longyi-wearing monks and traditional cities with wooden shophouses and busy markets. Now more and more foreign visitors are able to come and see this storied country for...
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