Myanmar government relaxes restrictions on foreign investment

Myanmar issues a new Myanmar Companies Act to attract foreign investment. The local companies are expected to take their businesses to a level. Editorial On 6 December 2017, Myanmar’s President U Htin Kyaw signed a new Myanmar Companies Act. The government aims to improve the investment environment and attract more foreign investors. “The Myanmar Companies […]

Myanmar Companies Act approved

President U Htin Kyaw signed the Myanmar Companies Act at the Pyidaungsu Hluttaw Wednesday, approving the most anticipated piece of legislation in the country this year. Under the new Myanmar Companies Act, foreigners will be permitted to take up to a 35 percent stake in local companies. It also stipulates that businesses with foreign stakes […]

Electricity demand soars as cuts hit Yangon

Myanmar’s electricity demand is constantly increasing and 7.2 million new household electricity connections will be required by 2030, according to analysts speaking yesterday at the Myanmar Power Utilities Congress 2015 in Yangon. Chester Toh, head of integrated regulatory practice at Rajah and Tann law firm, said demand will increase by an average of 450,000 new […]