Myanmar expects a more vibrant post-election economy

Foreign investors are being wooed to invest more in Myanmar to take advantage of the country’s Asean membership and geographic location, which should enhance its attractiveness after the election in November. “By the end of this year, the Asean Economic Community will be launched. That means our market will be tenfold bigger. We are also […]

Businesses worry red tape will remain an obstacle despite reforms

Cutting red tape in line with regional standards is going to be an uphill struggle for many government departments, experts said, as the government has instructed its ministries to simplify bureaucratic procedures to meet ASEAN standards by the end of March. U Tin Maung Than, director and senior research fellow of Myanmar Development Resource Institute […]