A Cuba Reality Check, From Golf Course to Myanmar Towers

(Bloomberg) — For companies seeking Miami attorney Pedro Freyre’s advice on how to exploit President Barack Obama’s opening to Cuba, two stories may serve as cautionary tales. One concerns an 18-hole golf course that took a Canadian designer eight years to build near the island’s famed Varadero beaches. The second involves the rooftop cell-phone towers […]

EU launches EuroChamber in Myanmar, in big step to closer ties

European firms are expected to bring with them three things – finance, technology, and management, said the presidential economic adviser to welcome the launch of European Chamber of Commerce on Friday. “We need finance. We hope good European companies will come. Global brand names will come. We also hope the European companies will give us […]

MIC to take action against foreign investment registering locally

A crackdown is coming to foreign investment circumventing rules by registering under the names of Myanmar citizens, according to Myanmar Investment Commission (MIC) secretary U Aung Naing Oo. The commission first announced in early 2012 there would be a grace period for foreign investment to re-register properly and promised future action against offenders which did […]

Frontier markets beckon, but there are bullets to dodge

By Jose B. Collazo And Curtis S. Chin For The Straits Times S.e.a. View As China’s economy continues to slow, businesses may find new opportunities in South-east Asia as the Asean Economic Community’s (AEC) end-of-2015 launch date approaches. The AEC promises a 10-nation market and new opportunities and returns. Yet, investor beware. The findings of […]

Trade volumes likely to fall short of $25b goal

But bilateral trade is growing across the board as new trade partners around the globe are taking more interest in doing business with Myanmar Myanmar has only managed to meet 63 percent of its annual bilateral trade target of US$25 billion through the first months of the 2013-14 fiscal year, drawing doubts for the first […]

DICA confident of hluttaw approval on combined investment law

A planned amalgamation of two of Myanmar’s investment laws is set to proceed smoothly ahead of the ASEAN Economic Community in 2015, making it easier for both foreign and local investors to conduct business under a more modern and comprehensible framework, a senior government said. The current rules, which are set under the 2012 Foreign […]

Thilawa SEZ’s progress will determine Japanese investments — Japanese minister

YANGON—Japan is quite hesitant about investing in Myanmar and its future investments will depend on the progress of the Thilawa Special Economic Zone, said Yoshihiko Isozaki, Japan’s Vice Minister for Economy, Trade and Industry, on Saturday. “Several Japanese leaders visited Myanmar this year. Japanese investors are really interested in boosting bilateral trade. In fact, Myanmar’s […]

Unilever Food Solutions looks to double B2B in Myanmar every two years

Unilever Food Solutions aims to double its business-to-business deals every two years in Myanmar, said Prasith Preechachalieo, managing director for Thailand, Indochina and Vietnam. He said the company, which is a unit of Unilever Thai Trading Ltd, began doing business in Myanmar in 2010, focusing on the restaurant market. Serving 200 restaurants in 2011, that […]

Myanmar is definitely not that hardest place to do business if just want to start a Service Company

The recent World Bank’s “Doing Business”² report says that Myanmar is one of the most difficult place to do business ranking it at the bottom of the table (189 out of 189) in terms of ease of starting a business. If you look at the result it is to be expected due to more than […]

Japan and China buy land plots under Myanmar citizens’ ownership

YANGON—Japan and China have been using Myanmar citizen ownership to close recent purchases of high-rent land plots in the Thilawa Special Economic Zone, real estate agency sources say. “Currently, Chinese are buying buildings in the Shwe Pyi Thar industrial zone, doing business with local businessmen as usual. After the government fixed land prices based on […]