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 […]

UMFCCI plans survey of business conditions

The Union of Myanmar Federation of Chambers of Commerce and Industry plans to use information gleaned from a business survey it begins this month to help the government formulate economic policy. The survey will also help the government to decide which sector or sectors to promote when the Asean Economic Community takes effect in 2015, […]

Japan Awakes to Revamped Dawei

YANGON — After last week’s takeover of the proposed Dawei port and economic zone project by the Myanmar and Thai governments, Japan’s government and private sector are taking a renewed interest in the project after previously appearing lukewarm to the proposition. “Dawei Special Economic Zone [SEZ] is a very important project for the region,” said […]

Myanmar to spend Ks 33.4 billion budget to host Asean Summits

President’s Office has allocated a budget of Ks 33.4 billion (US$34 million) to host Asean Summit after Myanmar took over Asean Chairmanship, a senior official from the Ministry of Foreign Affairs said on Friday. Aung Htoo, deputy director-general of Asean Affairs department under the Ministry of Foreign Affairs, said he cannot be sure whether the […]

Myanmar encourages visa-free travel between ASEAN nations

Consult-Myanmar welcome you to the 27th SEA Games Myanmar, 11-22 Dec 2013 Myanmar has invited ASEAN countries—except for Vietnam, which already has the policy—to allow visits by citizens from other ASEAN countries without requiring a visa, says the Ministry of Foreign Affairs. Myanmar will take over the ASEAN chair in the coming year and will […]

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 […]