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EU’s threat to scrap trade preferences spurs Myanmar’s reforms

Economic reform is getting a second wind in Myanmar as the government tries to lure back foreign investors scared away by reports of human rights abuses against the country’s Rohingya Muslim minority. The government has announced the easing of restrictions on foreign banks and the creation of a new ministry to oversee foreign investment in […]

‘Window is closing’: business leaders vent frustrations over govt’s economic performance

Business leaders in Myanmar have cast serious doubts on the government’s management of the economy for the last 2.5 years, with one domestic investor warning that “the window is closing” on reforms and a leader of an Asian business group criticising Nay Pyi Taw as working “in silos” and having “no urgency to get things […]

Investor sentiment buoyant in ASEAN; PH leads in GDP growth forecast

Despite concerns on the domestic tax environment in the Philippines, the country still ranks highest in terms of high GDP growth projection in ASEAN, which growth is partly driven by government spending, according to a survey. The Oxford Business Group launched its edition of the Business Barometer: OBG in ASEAN CEO Survey, which pointed to […]

Businesses demand quicker reforms, policy clarity in 2018

After a somewhat “disappointing” 2017 for the private sector, during which key economic legislation failed to take shape as expected, leading businessmen and chambers of commerce have urged Nay Pyi Taw to be more decisive and efficient in implementing reform in 2018. Moving forward, the business community wants to see stronger leadership and direction from […]

Yangon looks to cut rice production

Military-appointed First Vice President Myint Swe meets business leaders in Yangon. The Yangon regional government is holding discussions with the Ministry of Agriculture, Livestock and Irrigation about growing other crops in 1.2 million acres of paddy fields, said the region’s Chief Minister Phyo Min Thein on September 23. “We are drafting a master plan for […]

Event Invitation: Euromoney’s Myanmar Global Investment Forum,12-13 Sep 2017, Naypyidaw

In the first year of the National League for Democracy (NLD) government, Myanmar’s economy decelerated and the pace of economic reform slowed. Yet, the government appears confident growth will return and has pledged to boost its economy in 2017-18. Foreign investors have reason for optimism too. A new Investment Law came into effect on 1 […]