fbpx

Hluttaw passes amendments to consumer law

The Pyidaungsu Hluttaw (Assembly of the Union) approved amendments to the Consumer Protection Law at its session on Tuesday. The bill passed by 410 votes for and 156 against. There was some debate among MPs over a provision in the bill requiring the labelling of goods in the Myanmar language that would take effect a […]

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 […]

Aust’s investment poised to rise after Chambers’ merger

Australian investors’ interest in Myanmar is forecast to rise, thanks to the recent merger of the country’s two chambers of commerce in Yangon. Jodi Weedon, CEO of the new AustCham Myanmar, said the new organisation would be formed following a memorandum of understanding signed on August 14. She said the merger would enable one unified […]

Foreign Chambers of Commerce raise Concerns Over New Legislation

​​ Foreign businesses active in Myanmar, represented by several Chambers of Commerce and Industry, have issued a statement in relation to new legislation being considered that is likely to have an impact on their ability to work in Myanmar. The statement notes that, ‘We would like to emphasize that such legislation is of utmost importance […]

Japan Awakes to Revamped Dawei

YANGON — After last week’s takeover of the proposed Dawei port and economic zone project by the Myanmar and Thai governments, Japan’s government and private sector are taking a renewed interest in the project after previously appearing lukewarm to the proposition. “Dawei Special Economic Zone [SEZ] is a very important project for the region,” said […]

Ahead of Elections, Thilawa Pitched as Jobs Booster

YANGON — Officials hope that the soon-to-start “Special Economic Zone” at Thilawa near Myanmar’s commercial capital Yangon will underpin a jobs boom in time for the country’s 2015 elections. Building work at the 6,000-acre Thilawa SEZ will begin soon, according to Set Aung, deputy governor of Myanmar’s Central Bank. Set Aung told The Irrawaddy that […]

US investment in Myanmar focus on natural resources, infrastructure and agriculture

Five broad sectors most interest American business people, including natural resource extraction and consumer goods manufacturing through companies such as Colgate, Pepsi Co and Coca-Cola, trade experts said. Other US interests lie in infrastructure development for electricity production and distribution, road construction, and agriculture; where US firms can provide mechanical equipment as well as seeds […]