- Venturing into Myanmar: Opportunities, misconceptions and challenges
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- Myanmar most improved for ease of starting business | The Myanmar Times
The government has also reduced the time it takes to set up a new electricity connection in Yangon, by scrapping a requirement for the Ministry of Electric Power to issue national-level approvals for each connection request. Conversely, Myanmar regressed on taxes, making corporate tax payment more expensive and complicated, by increasing the rate paid by employers and the ceiling for social security payments, requiring extra documents for commercial tax returns and introducing quarterly income tax filing and payments.
It takes around three years for a local company to enforce a contract through the courts in Myanmar, and costs more than half the value of the dispute, said the World Bank. In contrast, resolving a commercial dispute through the Singapore District Court takes days, the shortest time in the world, and costs Tweets by TheMyanmarTimes. Follow TheMyanmarTimes. Skip to main content.drainbalance.club/69.php
Venturing into Myanmar: Opportunities, misconceptions and challenges
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Embassy in Yangon many years ago. Robert has been sending us email updates from Myanmar for some time and we post some of them on here.
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In the last year. The electricity situation here is going to get worse before it gets better.
Several of the schemes for producing more electricity have hinged on gas coming in from offshore. But production is dropping in quantity and quality and Thai TPP has first call on it. The government has given a green light for companies to do LNG, but the only credible one is led by Total. Politics in general. Everybody and his brother wants to build and operate special economic zones and industrial parks. Here, there, and everywhere.
We cannot understand the drive for these parks, especially in areas where the roads and other infrastructure, -to say nothing of electrical power availability- are in general lacking. A lot of the developers are either ignoring or worse yet, -ignorant- of certain facts about Burmese workers.
For the garment manufacturing sector, the lack of US GSP for textiles and garments has really slowed things up. Well, the Chinese have not pressed pause, but rather accelerated plans. The Chinese are now everywhere in Burma, pursuing developments that are all rather land-intensive.
Myanmar most improved for ease of starting business | The Myanmar Times
What they all have in common is a lack of focus on fundamentals. As an aside, the current Burmese government still does not issue sovereign debt. In another year parts of the division are likely to become a forest of drilling rigs.
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