FDI poised to flow on Myanmar’s political transition

Myanmar’s landmark November polls, lauded by international observers, may have given pause to foreign investors weighing the market — but the country’s political transition could attract a new rush of attention, according to industry experts. Once isolated under the regime of a military junta, Myanmar has made great strides in development under quasi-civilian rule. The […]

Condo law could help reverse investment drop, says DICA

Foreign investors would look to the incoming government to create a reliable and welcoming environment, experts say. The speedy adoption of the long-delayed condo law, which would allow foreigners to buy Myanmar real estate, and the reform of investment legislation that favours Myanmar citizens over foreign investors were two of the steps cited that could […]

Services Likely to Play Key Role in New Economic Plan, Experts Say

Burma’s service sector, not manufacturing, will likely be the focus of national attention after the new government is formed in March, observers predict. The country’s economy is expected to hit a lull in the post-election period, but experts say that the incoming administration will attempt to boost the service sector to keep the national economy […]

How ASEAN should navigate a tricky 2016

Many turbulent events in 2015 were symptoms of a world lacking in optimism and growth, and facing possible changes in the global order. Even as social and economic uncertainties continue, competition is increasing among major powers, especially between the US and China. There is not much that smaller countries can do to directly change these […]

Myanmar’s stock exchange to open, but not for business

There won’t be any bell-ringing or celebratory confetti explosions when Myanmar opens its new stock exchange this week. There won’t be any stocks to trade either. As Myanmar adjusts to the dizzying pace of its economic reforms and plays catch-up with Asia’s high-growth frontier markets, its bid to thrust a once military-run backwater into the […]

Estate agents predict foreign cash influx

Real estate sources are forecasting new laws and the availability of commercial property will draw in a wave of foreign investors. Active players market have reported increased interest in Mandalay and Bago, especially as prices rise in Yangon. “Next year, eyes will no longer just be on Yangon but on second and third cities. The […]

Parliament to Revisit Investment Laws in Final Session

Burma’s outgoing Parliament convened this week for its final session before surrendering their seats to newly elected lawmakers, aiming to make strides on investment reform. Lower House parliamentarian Khine Maung Yi told The Irrawaddy on Tuesday that this week’s agenda is set to include discussion of two new investment bills, meant to streamline and update […]

Suu Kyi’s focus on rule of law calms powerful groups as NLD takes power

Myanmar’s leading opposition party, the National League for Democracy, achieved a landslide victory in the general election on Nov. 8, and its leader, Aung San Suu Kyi, is slated to lead the new government. Are foreign investors happy with the result or concerned about the NLD taking power? Those who have already invested in the […]

Myanmar’s ABC wants partners for basics

ABC Group, operator of ABC convenience stores in Myanmar, is looking for foreign partners to help it expand. A deal with foreign partners would help the company branch into other retail formats such as hypermarkets and supermarkets, said Wai Thit Lwin, managing director of the ABC chain. Myanmar’s retail sector is rife with opportunities for […]

JLT to Provide Reinsurance Service in Myanmar

Jardine Lloyd Thompson (JLT) plans to offer reinsurance services to state-run Myanmar Insurance Enterprise (MIE), the British insurance firm said after it opened its representative office in Yangon on September 12. The company joins a growing list of international insurers that have established local offices in Myanmar after the country opened its doors to foreign […]