UK-based publishing firm Oxford Business Group (OBG) has signed a memorandum of understanding on research with law firm Kelvin Chia Yangon Ltd to produce the Law Chapter of OBG’s country report for Myanmar in 2016.
This is the third time that OBG has teamed up with Kelvin Chia to provide analysis of Myanmar’s legal framework.
Cheah Swee Gim, director, Kelvin Chia Yangon Ltd, said she looked forward to plotting the next phase of Myanmar’s legal reforms with OBG and explaining their significance to the growing number of international investors eyeing the country.
“Laws and regulations are being drafted and updated at an aggressive pace to address the needs of this emerging market,” she said.
OBG’s Country Director for Myanmar Stephanie Harl agreed that significant developments in Myanmar, such as the move to allow several foreign banks to enter the market and the allocation of licences to telecoms providers, had signalled a new era of heightened economic activity.
“Structural reforms and modernisation efforts continue to improve the business climate in Myanmar, while major infrastructure projects are set to bolster trade activity,” she said.
OBG claimed that its report will map out the opportunities emerging for investors across the sectors of the country’s economy, which range from openings in telecoms and industry to financial services, following the lifting of key international sanctions.
There will also be coverage of the challenges the country faces, led by high inflation, a depreciating kyat and infrastructure shortfalls, which come against a backdrop of looming presidential elections and full ASEAN integration, it added.
Source: Myanmar Business Today