ADB Urges Myanmar to Fix Big Infra Gap

​​ EVEN THOUGH Myanmar is at a critical juncture politically, socially and economically, it has a substantial infrastructure gap that needs to be tackled as a priority, said Winfried Wicklein, Asian Development Bank’s country director in Myanmar. “I think it is important to start the development quickly to get some early runs on the board. […]

Rural Myanmar Spells Opportunity for Retailers

​​ TOKYO Myanmar is projected to post the fastest growth of any emerging Asian economy in 2017. Yet in many respects, its consumer market is still underdeveloped. This presents a golden chance for the country’s largest retailer to extend its reach, according to the company’s top executive. “If we look at the distribution of basic commodities, […]

Ministry Declines ADB Infrastructure Loans

​​ As lawmakers last week questioned the government’s reliance on foreign loans, the tourism ministry decided to decline US$45 million offered by the Asian Development Bank. The loans and the ministry’s goals were at cross purposes, according to U Yee Mon, who serves as permanent secretary of hotels at the Ministry of Hotels and Tourism. The […]

ADB to Help Improve Irrigation, Agriculture Production in Myanmar

​​ The FINANCIAL — The Asian Development Bank (ADB) has approved a $75 million loan to help strengthen Myanmar’s agriculture production and value chain development by improving and modernizing irrigation systems in three regions of the country’s central dry zone (CDZ). The Global Environment Facility is also providing a $4.79 million technical assistance grant to […]

Millcon Thiha GEL Foresees Advantages in Being Steel First-Comer in Myanmar

MILLCON THIHA GEL is bullish that international development banks’ planned projects in Myanmar and demand from new factories to be constructed in Thilawa Special Economic Zone will keep its newly completed steel plant busy in the very near future. The company last week officially became the first manufacturer of industrial-grade steel products in Myanmar, being […]

Burma’s Electricity Demand Predicted to Nearly Double By 2020

RANGOON — Demand for electricity consumption in Burma could double over the next four years, the Asian Development Bank (ADB) and government officials have predicted. Electricity consumption throughout Burma is limited to 2,500 megawatts per day, while total production is 4,500 megawatts from both hydropower and thermal power production. The commercial capital of Rangoon accounts […]

Playing PPP Catch-up

Public-private partnerships (PPPs) have been used as a mechanism to build and upgrade infrastructure in the developing countries of Southeast Asia for several decades. However, PPPs are relatively new to Myanmar. The country is lagging behind the other ASEAN member states, and its development needs are enormous. Myanmar can benefit from PPPs for both hard […]

Transforming Myanmar’s corporate landscape – Aung Naing Oo and Winfried Wicklein

For more than a century Myanmar companies have been regulated by the colonial-era Myanmar Companies Act of 1914. The law shares similarities with company laws from other former British colonies such as Singapore, Malaysia and Hong Kong – yet while they have updated their laws to reflect the realities of modern businesses, the Myanmar Companies […]

China faces tougher laws in Myanmar

In the wake of the controversial Myitsone dam, Aung San Suu Kyi is demanding more from investors involved in high risk projects, reports Vicky Bowman A new government took power in Myanmar on March 31, 2016, led in practice, if not on paper, by Daw Aung San Suu Kyi.  Governments and businesses around the world are keenly […]

Transforming Myanmar’s corporate landscape

For more than a century Myanmar companies have been regulated by the colonial-era Myanmar Companies Act of 1914. The law shares similarities with company laws from other former British colonies such as Singapore, Malaysia and Hong Kong – yet while they have updated their laws to reflect the realities of modern businesses, the Myanmar Companies […]