Myanmar: Junta Plans Major Hike in Annual Licensing Fees for Gem Traders

Sep 20, 2023 | Aung Naing, Myanmar Now
View Original

The junta is reportedly considering raising its annual licensing fees for gem retailers by sixfold in early 2024. The shift would apply to several types of businesses in the gem trade, according to the junta-controlled Myanmar Gems Enterprise (MGE), which informed sellers on September 15 that their yearly licensing fees—which had remained unchanged for a decade—would be adjusted to fit the current times.