Jade, drugs and GDP

Myanmar boasts of possessing precious natural resources including those that are mined, legally or otherwise, and one of these resources is jade. But there is an enormous difference between the official data and estimates provided by non-profit organisations like Global Witness. Keep reading ...

Kachin Jade Sales Net Tax of $8.77m, a Figure Dwarfed by Black Market

Kachin state has gen­erated K12 billion, roughly $8.77 mil­lion, for state coffers from sales of jade so far this fis­cal year, the state’s chief minister has said. But that figure is minuscule com­pared to the multi-billion dollar black market thriv­ing in the region.Keep reading  ...

Miners to Miss Out on Tax Exemptions Under New Investment Law

The mining sector will miss out on a number of incen­tives including special income tax exemptions under the new invest­ment law which is due to take effect next month, the Director General of the Directorate of In­vestment and Company Administration(DICA) told a press briefing. Keep reading  ...

134 mining blocks to expire this month

The Myanma Gems Enterprise under the Ministry of Resources and Environmental Conservation announced that a total of 134 authorised mining blocks in the country’s gemstone tracts are going to expire within this month.Keep reading ...

Kachin MPs slam vague mining deals

MPs representing Hpakant Township, Kachin State, claim mining regulation is as vague as it was under the former administration and argued the government still cannot regulate mining properly. Keep reading ...

Gems Emporium Expected to Attract US and EU Traders

RANGOON — More Western jade traders are expected to attend to the upcoming Naypyidaw Gems Emporium, after the lifting of US economic sanctions last month. Keep reading   ...

Investigation reveals gold mining destruction in Myanmar

A lengthy investigation published by Radio Free Asia is putting the spotlight on the disastrous effects of the poorly regulated gold mining industry in Myanmar.From unprecedented environmental destruction to the human toll of low-paying and hazardous jobs, RFA’s multimedia story delves deeply into the consequences ...

No need to seek approval from MIC for investment except for businesses with environmental impact

Investment businesses are no longer required to seek approval from Myanmar Investment Commission (MIC) apart from the businesses needing environmental impact assessments.Those investment businesses can apply for registration at the Directorate of Investment and Company Administration (DICA) branches in the regions and states concerned.Keep reading ...

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