Conflicts in Myanmar a challenge for businesses, says World Bank

Myanmar is expected to grow at a rate of 6.4 percent in fiscal 2019-20 from as a result of higher government spending and private investments but a rising occurrence of conflict and violence could hold investors back, according to the World Bank’s Myanmar Economic Monitor report, released Tuesday. The report noted that the presence of […]

Hong Kong Firm Close to Finalizing New Yangon City Proposal

Hong Kong-listed China Communications Construction Co. Ltd (CCCC) has nearly finalized its proposal for the development of US$1.5 billion (2.4 trillion kyats) worth of initial infrastructure for the controversial “New Yangon City” project across the Yangon River from Myanmar’s commercial capital, according to a government body established to oversee the project. New Yangon Development Company […]

Telecoms keep improving but expectations are high

The mobile race is nearly in full swing, though consumers need to be realistic as service rollouts across the country have years to go, industry observers say. The introduction of foreign telcos has already led to visible communications improvements, with SIMs now routinely sold at K1500 and speeds and communication reliability better than a year […]

Business Friendly Environment, Myanmar-style

How easy is it to do business in Myanmar? The World Bank and the International Finance Corporation have for the first time added Myanmar to their annual ranking of business-friendly countries around the world. The 2014 Doing Businessreport examines the legal and regulatory environment in 189 economies. Overall, the trend around the world is towards […]