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...
Despite years of isolation and despite being a relatively poor country, Myanmar has a surprisingly developed transportation network. It has 66 airports, eight airlines, more than 5500 km of rail and about 150,000 km of roads. Some of it is no doubt historic. The first railway line was installed in 1877 by the British and by the Japanese invasion...
Judging by the size of its mineral deposits, you would expect a bonanza: Myanmar has an abundance of gold, silver, platinum, tin, tungsten, zinc, copper and gemstones. Yet very little of this has been exploited. Insurgent activity and poor transport have made the more ore-rich areas of the country hard to reach, while a host of foreign sanctions...
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