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Myanmar Vows to Improve Company Registry, Cut Red Tape

Myanmar plans to launch an electronic company-registry system this year and boost its efforts to reduce red tape for businesses after it amended its Companies Act last month to attract foreign investment. “Within six to seven months, Myanmar will establish an electronic company-registry system similar to what we have seen in Hong Kong,” Robert San […]

Experts Divided Over Ramifications of Belt and Road Courts on Myanmar

“This is bad news for Myanmar. It will undermine Myanmar’s sovereignty and empower multinational corporations,” said Dr Charlie Thame from Thammasat University. CRITICS questioned Beijing’s decision to set up three commercial courts in China to resolve Belt and Road-related project disputes, arguing that legal disagreements involving transnational investors should be settled in host states or […]

Davos 2018: China’s economic shift and implications for Myanmar

Myanmar will capture Chinese investment as Beijing prioritises poverty alleviation and development in Yunnan AS the fight against poverty takes centre stage in Beijing’s economic policy, Yunnan and Myanmar will remain a priority for Chinese investment, while China’s fast-growing middle-income population, especially those in the southwest, presents a crucial market for Myanmar’s growth-oriented businesses as well […]

China And Japan’s ‘New Great Game’ Intensifies In Myanmar

Throughout Asia the frontiers of investment are being pushed ever onward, gobbling up former backwaters in the hunt for cheap labor, natural resources, infrastructure deals, and the massive profits that can be made in the margins of a country transitioning from “emerging market” to “plain old market.” As the developed, investor countries of the world […]

Golden Myanmar Business Exchange Plans $5 Million Data Center

GMBX, which bills itself as Myanmar’s only provider of wholesale infrastructure-as-a-service based on OpenStack, is a joint venture between Yangon-based Golden TMH Telecom Co Ltd (GTMH) and Golden 11 Investment International. The company already operates a data center in East Dagon with a current capacity of 100 racks, which could be expanded to about 400 racks, according to Kyaw Naing, […]

China Moots Economic Corridor with Myanmar for Easy Access to Indian Ocean

China has proposed to build an economic corridor with Myanmar to enhance trade investments, which Chinese experts say would allow access to the Indian Ocean for the country. Chinese Foreign Minister Wang Yi who visited Myanmar made the proposal yesterday. The proposed corridor is regarded significant as the BCIM (Bangladesh, China, India, Myanmar) Economic Corridor […]

Myanmar’s Infrastructure Deficit Outpaces the World

SYDNEY — A wide-ranging assessment of Myanmar’s infrastructure deficit and its ability to start closing the gap has found that the country is likely to meet only half of those investment needs by 2040, dampening hopes that it can lift the estimated 54 million population out of poverty by then. Of the 50 nations surveyed […]

The ‘Belt and Road’ Projects China Doesn’t Want Anyone Talking About

Kunming, Yunnan’s provincial capital, occupies a key place in China’s economic diplomacy efforts as the terminus of oil and gas pipelines from the Bay of Bengal and the starting point of a planned railway network winding through Indo-China to Singapore. But the provincial authorities have obscured the location of a brand new, 29.2 billion yuan […]

What do Local and International Businesses Make of The Belt and Road?

Businesses in Myanmar generally welcome the Belt and Road Initiative’s (BRI) investment boost for the country’s infrastructure development. Some urged Myanmar to be more proactive in navigating its involvement in the scheme. Many emphasised the importance of transparency, public engagement and adhering to international practices. But some have also expressed reservation and scepticism against China’s ambitious […]

China and Myanmar to Set up Border Economic Cooperation Zone

A JOINT-COMMITTEE for the establishment of China-Myanmar Border Economic Cooperation Zone would be formed within the year in a bid to boost border trade between the two countries, according to the Ministry of Commerce. The committee would be headed by the commerce ministers from both Myanmar and China, according to Minister for Commerce U Than […]