State Counsellor Encourages Greater Transparency with Resource Sector Investors

State Counsellor H.E. Daw Aung San Suu Kyi received representatives from the International Investors for the Mineral Development Association (IIMDA). Measures to improve transparency in the sector were a priority, including enhancing the availability of data and providing public access to resource agreements, the IIMDA said in a statement. International standards such as the Extractive […]

Nay Pyi Taw Gem Emporium Kicks off, Lower Sales Expected

A total of 6,875 gems, including two jade lots worth €5.8 million, will be exhibited for sale at the 2017 year-end Myanma Gem Emporium which will be held from December 12 to 21 at Mani Yadana Gems Hall in Nay Pyi Taw. “The two jade lots have the highest floor price among all the gems,” […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]

Foreign and domestic investments rise during govt’s first fiscal year

In the National League for Democracy (NLD) government’s first fiscal year in power local investors made investments amounting to K1.57 trillion while foreigners made investments worth a total of US$7.44 billion in Myanmar, Deputy Minister of Planning and Finance U Set Aung said at the Pyidaungsu Hluttaw on August 31. DURING the 2016-17 fiscal year, […]

India’s policy change on pea imports impacts Myanmar

Severe restrictions announced recently by India limiting the amount of pea products from Myanmar has quickly and adversely affected the local pulses market, officials said yesterday. On Monday, India capped imports of mung beans and green mung beans (pigeon peas) at only 300,000 tons, after the prices of the pulses plummeted due to record production. […]

How Genius Coffee cracked Myanmar’s premium export market

One of the main challenges facing Myanmar is developing its export trade. The majority of Myanmar’s exports are extractives and raw goods. But some of Myanmar’s most lucrative potential export markets need to produce more value-added high-quality goods. The Global New Light of Myanmar Daily Newspaper interviewed U Ngwe Tun, founder mof Aung Nay Lin […]

Canadian engagement – Interview with Canadian Ambassador to Myanmar Karen MacArthur

Canada has a growing relationship with Myanmar and recently hosted a visit of Myanmar State Counsellor Aung San Suu Kyi to Ottawa. From the latest statistics, Canada currently has US$202 million invested in Myanmar. Bilateral trade as of 2016 stood at US$92 million, according to Canadian government statistics. In the following interview carried out this […]

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 […]

Traders repeat calls for tax reduction

Businesses in jade and gemstone sector have, again, asked for tax reduction, and have set out recommendations for the government with the aim to make Myanmar competitive in gemstone export. During a meeting last week, the vice president and the minister of the Ministry of Planning and Finance have been requested by various businesses in […]

Sustainable Yangon Relies on Waterfront and Railway

Yangon has a framework to become a sustainable city, with three key areas which need to be prioritised for development in order to develop the city’s sustainability, said Robert Marshall, director of planning and landscape of Canada-based urban planning firm B+H Architects. Pedestrian routes through historic central business district (CBD) areas, water bus transport and […]