New investment law unlikely to be enacted this year

Parties involved in the drafting of the new investment law are willing to thoroughly review legal content, even though the process may delay the enactment to next year. Until March 26, the opinions of civil society organisations, local and foreign investors are being sought for the consolidation of two investment laws – Myanmar Citizens Investment […]

Corruption the Biggest Concern for Burma Businesses: Survey

RANGOON — Corruption is the top concern for businesses in Burma, which is undergoing liberal reforms after the end of military rule, according to a UN-led survey released on Tuesday. Five decades of military rule left Burma mired in poverty and plagued by corruption, but a quasi-civilian government that took power in 2011 has enacted […]

Despite low rating, Myanmar business climate improving – World Bank

For a country rolling out economic reforms at a startling pace, Myanmar’s lowly ranking among the likes of Eritrea and Chad for ease of doing business might set off alarm bells for would-be foreign investors. The good news for firms interested in tapping the country’s natural resources, tourism potential and urgent infrastructure needs is Myanmar […]