Latest News & Events

New 2% Tax on Imports and Exports

(Updated: 2013-06-10) The Internal Revenue Department will levy a 2% income tax on the customs value of nearly all imports and exports as the country bids to simplify taxation and widen the base of taxpayers, says an analysis compiled by law and tax advisory firm VDB Loi. The change takes effect from June 14 and […]

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Posted in: Myanmar

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Retailers Chase Growth in China’s West

(Updated: 2013-06-07) Finding a table during lunch time at Ikea’s restaurant in Southwest China’s Chengdu is never easy, even on weekdays. The reason can be found in the parking lot, packed with cars with license plates from other provinces in west China, a sign that the furniture retailer’s client base stretches beyond Chengdu, capital of […]

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Posted in: China

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TPP Challenges to Garment Sector

(Updated: 2013-06-07) Domestic garment makers will have to meet the “Yarn Forward” Rule of Origin of the Trans-Pacific Partnership (TPP) Agreement if they want to enjoy tax preferences. The rule requires the TPP nation to use a TPP member-produced yarn in textiles in order to receive duty-free access. This rule will exert a big impact […]

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Posted in: China

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Field Narrows in Mobile Network Tender

(Updated: 2013-06-01) Vodafone and China Mobile said Friday they were dropping out of the race to enter Myanmar, one of the world’s last unexplored mobile telephone frontiers. They were one of 12 foreign consortiums short-listed by the former army-ruled country to bid for two licenses to build, own and operate a nationwide network for an […]

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Posted in: Myanmar

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Georgia-Pacific mulling $400M investment in plywood, lumber facilities

George-Pacific said it is developing plans for nearly $400 million worth of investments in its plywood and lumber operations, which include five facilities in South Carolina. Funding for significant engineering has been approved, the Atlanta-based company said, adding that it is evaluating facilities in South Carolina, as well as North Carolina, Georgia, Alabama, Mississippi, Arkansas […]

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Posted in: USA

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