After Myanmar protests, China says companies should respect laws

China has consistently demanded its companies operating abroad respect local laws, China’s Foreign Ministry said on Monday after hundreds of villagers in Myanmar protested against the resumption of operations at a Chinese-backed copper mine. The protests have gathered momentum since last Wednesday when some people broke through police barriers protecting the mine, operated by Myanmar […]

YCDC Fights Fake Permits at Private Construction Sites

Constructors will not be allowed to post building permits for buildings themselves anymore, and have to use YCDC-made signboards instead, according to the Yangon City Development Committee (YCDC). YCDC said illegal builders are putting up signs on their projects that claim to have the Committee’s permission, while in reality the projects are illegal and the […]

Myanmar urged to prioritise long list of reforms

Property rights are not well-established in Myanmar and land confiscation is a major concern among foreign investors, according to a report by US Department of State. In its 2015 Investment Climate report, the government’s limited capacity was highlighted. Myanmar is urged to prioritise its long list of desired reforms, to focus on matters that concern […]

Singapore tops FDI list

Foreign investment exceeded US$2 billion in the first five months of the year, with funds from Singapore accounting for $1.9 billion of the total, the Directorate of Investment and Companies Administration said. Investment from Thailand ranked second, at $114 million. Investment from mainland China was $51 million, while Hong Kong investment totaled $42 million. Japan, […]

Channel NewsAsia launches Yangon bureau

YANGON: Channel NewsAsia held its Business Insights Seminar in Yangon on Thursday as part of the official launch of its Yangon bureau. Participants agreed that laws in Myanmar are still vague and uncertain, despite progress made in the legal environment. But many are still optimistic about the business opportunities the country has to offer. Launching […]