Still no new takers in deregulated domestic fuel market

Despite the relaxation of regulations for foreign investors to enter the fuel import and distribution business in Myanmar, no new companies have entered the market over the last year, said U Thant Sin, vice chair of Supervisory Committee for Petroleum and Petroleum Product Enterprises at a press conference on October 11. Previously, the Ministry of […]

Laws to protect intellectual property, encourage business in the works

Businesses in Myanmar still rely on outdated colonial-era laws enacted by the British more than one hundred years ago to protect intellectual property (IP) rights. The encourage growth, draft laws are being formulated in the Hluttaw to update the country’s regulations covering IP rights, copy right law, industrial law, patents and trademarks for enactment. To […]

Don’t blame “economic malaise” on Rakhine, business groups warn, calling for less protectionism, gerontocracy

Two major business groups in Myanmar have warned against blaming all of the country’s economic woes on the northern Rakhine crisis, urging the government to tackle protectionism, involve the younger generation and provide clarity in the regulatory environment. The British Chamber of Commerce Myanmar (BritCham) said Rakhine is “far from being the sole or main […]

Fixed broadband next phase of growth in Myanmar telecomms: ZTE

Yan Xiao, CEO of ZTE Myanmar, is convinced the next big area of growth in the Myanmar telecommunications sector lies in high-speed, fixed broadband internet. With competition in the mobile space getting more intense, now is a good time for internet service providers (ISPs) to consider offering high-speed, fixed broadband (FBB) services to retain customers […]

Myanmar exported over 700000 tons of beans and pulses

Myanmar has exported over 700,000 tons of various kinds of beans and pulses as of April 2018 to date. At present, India has bought Myanmar’s beans and pulses with special license but it is quite difficult to anticipate whether India will buy beans and pulses in the future or not, according to Min Ko Oo, […]

Anti-corruption drive dodges political donations and criminal liability

Nay Pyi Taw has stepped up its efforts to curb corruption by empowering the anti-graft body and reaching out to the private sector. Yet, the announcement from the Directorate of Investment and Companies Administration (DICA) has created confusion among businesses. Crucially, there are still no criminal liability for offering bribes and no effective regulations on […]

Suu Kyi: Myanmar ‘not left behind’ in 4th Industrial Revolution

Myanmar leader Aung San Suu Kyi said on Wednesday her country, having been “practically bypassed” by the IT-based Third Industrial Revolution that began decades ago, is making “quantum leaps” to catch up amid the rapid advancement of transformative technologies driving the Fourth Industrial Revolution. “We have been forced to plunge straight into the fourth one,” […]

Electricity subsidy is wrong, Pun tells minister

Business leader Serge Pun weighed into the debate on the country’s energy tariff reforms at the Myanmar Global Investment Forum in Nay Pyi Taw on September 11, calling the electricity subsidy “wrong” and saying that the authorities are not pushing reforms due to “political sensitivity.” “I think it [subsidising electricity] has always been a wrong […]

From Asean to Zaw

MANILA, Philippines — Speaking of Pinoy pride, it’s such a joy to find Filipino brands being sold, used and patronized overseas. I remember visiting Papua New Guinea for the first time in 2015 and what did I find in the supermarket? Jack and Jill potato chips and Chippy snacks from URC. On my last visit […]

Broadband speed comparable to region

4G services may be a recent phenomenon in Myanmar, but the mobile broadband experience in terms of reach and speed, particularly in Yangon, is actually comparable to that of more developed cities in the region. In fact, 4G availability in Yangon is the fourth highest in ASEAN at over 80 percent, trailing Bangkok, Singapore and […]