MIC issues ‘ominously broad’ foreign investment restriction

A directive issued at the end of March by the Myanmar Investment Commission has added an additional layer of complexity for foreign investors and granted ministries greater scope to make exceptions on a case-by-case basis. The notification – designated 26/2016 – adjusts the list of economic activities that require a joint venture under the Foreign Investment Law. In […]

Ministry of Mines ready for handover

The Ministry of Mines has set its affairs in order and is ready to serve under the incoming government, director general U Win Htein told The Myanmar Times. All government departments are now preparing to receive the new ministers of the National League for Democracy government that will take over on March 31. At the […]

Condo defaults forecast as the cash runs out

Off plan sales of condominium units in Yangon have slowed this year, following a three year boom. As a result, some developers are likely to be left without enough money to continue to build and will be forced to default on their projects, which could further hurt market confidence, say experts. “Of over a hundred […]

In Myanmar, a Fight for Affordable HIV Medicine

People living with HIV in Burma are worried that a patent law under development could significantly hinder their ability to access affordable medicine, in a country where about 40 percent of those requiring HIV treatment are already unable to get it. Facing pressure from Western nations looking to invest in the country as it transitions […]

Myanmar growing at breakneck speed

When Singapore lawyer Chester Toh starting working in Yangon, Myanmar’s commercial centre, 18 months ago, his commute to the centre took 15 minutes; now it’s a 45-minute slog through increasingly clogged streets. Call it the price of progress, or reform to be more exact. Toh, a partner at law firm Rajah & Tann, told The […]