Govt Investment Director Confident in Foreign Investment Despite Rakhine Conflict

YANGON — U Aung Naing Oo, director-general of Directorate of Investment and Company Administration under the Ministry of National Planning and Finance, talked to The Irrawaddy reporter Shwe Lay about foreign investment in Myanmar and the government’s plan to promote it. How much investment has Myanmar had over the past year? Which countries are the […]

Myanmar’s Military Holds Key to Further Reform

What does Myanmar need to push through a successful democratic transition? It must build strong institutions, transform the economy, and end decades of conflict between ethnic armed groups and government forces, among numerous other challenges. Yet, these enormous tasks seem trivial when compared to what is probably the biggest obstacle to further democratic reform: the […]

Uber Stuck in Neutral Under Hong Kong Taxi Regime

HONG KONG — Uber Technologies’ ride-hailing service is stalling in Hong Kong, cut off by taxi interests that wield heavy influence in local politics. Law enforcement authorities in May arrested 22 Uber drivers on suspicion of operating without a taxi license or auto insurance. “Some companies … hope they can run their businesses and not […]

Foreign Direct Investment into a country is influenced by Ease of Doing Business

FDI is desired by most of the countries as it can help in boosting the economic development of the country. Therefore almost every country tries to attract the foreign investment by offering the incentive such as tax incentive, tax grace period and etc. Our neighbouring country, India had amended the Foreign Direct Investment Law in […]

Australia Wants AIIB to Invest in Coal Power

​​ Australia is reportedly lobbying hard for the China-led Asian Infrastructure Investment Bank (AIIB) to invest in coal power projects in Asian countries. The newly-established development bank is currently drafting its energy strategy and the prospect that coal could be excluded from its priorities has alarmed both the Australian government and the country’s powerful coal […]

Antiques selling well with increasing number of tourists

  With an increasing number of tourists coming to Myanmar, the sale of antiques are also on the rise, it is learnt. The antique shops are dependent on tourists because they have the appreciation, knowledge and income to collect antiques. The shops are found mostly in Yangon, Mandalay, Inle, Bagan and NyaungU. Antique store owners […]

How Long can Vietnam’s IT Industry Thrive on Low-Cost Labor?

Vietnamese engineers are now earning much less than their peers with similar skill sets in the region. Vietnam’s information technology (IT) sector may soon lose its competitive edge as salaries are likely to go up due to a shortage of skilled labor, experts have warned. Though holding equal qualifications, employees in the sectors are taking […]

Telenor on a building spree in Myanmar

The Norwegian-linked company Telenor wants to make sure that affordable mobile communication services reach all levels of Myanmar society, and not only targeting the high-income earners. CEO of the company, Lars Erik Tellmann, says that they plan on doing so by adopting the same sales and distribution model that was implemented in several other Asian countries. “Telenor is committed […]

Jovago Announces Myanmar Expansion

Present in over 40 African countries and in 2 Asian countries, Jovago – the first hotel booking online site in Africa has announced the opening of its third office in Asia and seventeenth in the world. This new expansion confirms the Jovago strategy to expands operations and presence in Asia with a local presence in […]

US engineering firm returns to Myanmar

Black & Veatch was recently appointed by Green Earth Power (Thailand) to provide design and consultancy services for a solar power project in Myanmar, the first after the company opened an office in the country. The contract marked the return of the US firm to the country. It has a history of working in Myanmar […]