New Investment Law Hailed as ‘Essential’ to Development

Business leaders have welcomed the approval of a new investment law that they hope will cut red tape and bring an end to concerns that foreign and local businesses are being treated differently. The Upper House approved the Myanmar Investment Law without amendments last week, and the legislation is due to come into effect in […]

The Wartime Supply Road That Became Myanmar’s Thriving Trade Route

YANGON — As trucks barrel down the well-paved road between Mandalay and the southwest of China, few of the men working on the construction sites lining the road probably realize that it was once a vital wartime supply route. As Myanmar’s overland tradewith China expands, the roadis now being revived as a bustling trade artery between the two countries. In Mandalay, […]

Government continues to push capital as a tourism destination for event holders

The government has again announced a series of initiatives to help draw tourists to Nay Pyi Taw, including stepping up its efforts to lure foreign travellers looking for a destination to hold events and conferences. Speaking at a press conference in the capital on September 28, on the eve of World Tourism Day, U Tint […]

Insurance market will be open to foreign firms in 2017: ministry

The government is planning to open Myanmar’s struggling insurance industry to foreign firms early next year and free local players from an array of restrictions – part of a coordinated push to speed up liberalisation in a sector crucial to economic development, a senior government official told The Myanmar Times. “We’re going to speed up liberalisation, […]

Chinese paper calls opposition to Myanmar dams ‘extreme’

Opposition to Chinese-invested hydropower schemes in Myanmar is being orchestrated by “extreme” groups in the country and has been extremely damaging to joint investment projects, an influential Chinese newspaper wrote on Monday. The suspension in 2011 of the $3.6-billion Myitsone megadam project by former president Thein Sein remains a sore point between the two countries. […]

Myanmar’s Foreign Policy Rebalance

The country’s shift in its alignments is about more than just China and the United States. Myanmar’s new government is making its international debut. In mid-August 2016, Beijing welcomed Aung San Suu Kyi on her first visit to China since becoming Myanmar’s state counselor and foreign minister. This followed her trips to Myanmar’s ASEAN neighbors […]

Business community pins sanction hopes on State Counsellor’s visit to US

With State Counsellor Daw Aung San Suu Kyi set to meet US President Barack Obama in Washington today, many in Myanmar’s business community will be watching closely. The two are set to discuss US sanctions that have been in place for decades, and that investors are rearing to have removed. Businesses have long called for lifting sanctions they say cripple […]

Malaysia visit for Myanmar citizen still requires a visa

Malaysia is keeping its visa requirements for Myanmar citizens in place for the foreseeable future, Malaysian ambassador to Myanmar Mohd Haniff Abd Rahman has confirmed. It is possible that, in future, Myanmar nationals will be granted hurdle-free entry, he told The Myanmar Times last month, but that will not be any time soon because of issues related […]

British Chamber Launches Business Program to Entice UK Firms to Myanmar

The British Chamber of Commerce has launched a variety of business services to help attract British businesses to enter the Myanmar market. Some of the more prominent services the chamber is offering include business matching, market visits, trade missionsand bespoke events where businesses can showcase their products and services. With Myanmar considered one of the […]

Myanmar green energy sector faces hurdles

YANGON – Myanmar’s goal of achieving a 100 per cent electrification rate by 2030, with 20 per cent of energy from renewable sources, is achievable but several hurdles need to be tackled first, energy experts have said. At the Myanmar Green Energy Summit 2016 last week, panellists agreed that hydroelectricity, plus wind and solar energy, […]