Surging land prices, opaque tender process ‘deterring foreign investment’

Foreign investors are disappointed that only domestic construction firms are being granted contracts to build government housing projects as surging land prices continue to make them wary of investing in housing, panellists said at the second day of the Myanmar Global Investment Forum. Cyrus Pun, executive director of Yoma Strategic Holdings, said surging land prices […]

Myanmar to implement the ASEAN Economic Community by 1st Jan 2015

Myanmar plans to implement the ASEAN Economic Community (AEC) by January 1 of 2015, according to the Minister for National Planning and Economic Development. The Minister was speaking at the first day of the 24th ASEAN Summit being held in the capital Nay Pyi Taw. “AEC is the one of the programmes. We plan to […]

Investment Commission Could Have Wings Clipped

The Myanmar Investment Commission (MIC), the body that vets would-be foreign investors into Burma, could have its discretionary powers curbed as part of a review of investment policy being undertaken by the Burma government and the Organization for Economic Co-operation and Development (OECD). Dr Khin San Yee, Burma’s Deputy Minister of National Planning and Economic […]