Govt Sticks to Courageous Target as Myanmar Slips Down in World Bank’s Doing Business Rankings

Myanmar is in fact slipping further away from the govt’s target of reaching top 100 in the Doing Business index by 2020. It remains to be seen how Nay Pyi Taw could deliver this commitment. DESPITE the fact that Myanmar has fallen one place last year in the World Bank’s Doing Business rankings, Nay Pyi […]

MIC Plans to Reduce SME Registration Fee

The Myanmar Investment Commission (MIC) is planning to reduce the registration fee for small-and medium-sized enterprises (SMEs), it announced at a press conference. Aung Than Kyaw, deputy director-general of the Directorate of Investment and Company Administration, said: “The MIC plans to reduce fee significantly. It is too early to reveal the exact amount. The move […]

IFC, Regulators Assess Corporate Governance of Myanmar Firms

IFC, a member of the World Bank Group, is working with Myanmar regulators to benchmark the corporate governance practices of Myanmar companies against international standards to help them improve performance, according to a statement. Numerous studies show that stronger governance helps companies operate more efficiently and manage risks better. In cooperation with the Securities and […]

Myanmar’s Manufacturing Sector Attracts over 1.5 Bln USD of Foreign Investment in 9 Months

​​ YANGON, Jan. 19 (Xinhua) — Myanmar’s manufacturing sector attracted 1.55 billion U.S. dollars of foreign direct investment (FDI) in the first nine months of present fiscal year 2017-2018, according to the Directorate of Investment and Company Administration (DICA) Friday. It was followed by real estate sector with 1.06 billion U.S. dollars and other service […]

Some Businesses Fret Over Myanmar Wage Proposal

Many business organisations in Myanmar have lodged objections against improving daily wages as approved by the National Committee for Designating Minimum Wage earฌlier this month. The committee has decided to set the minimum wage at 4,800 kyat, a 33 per cent increase from the current rate of 3,600 kyat. All businesses with 10 or more […]

Foreigners Allowed to Buy Jointly-Owned Condominium Apartment in Myanmar

YANGON, Jan. 2 (Xinhua) — Foreigners have been allowed to buy jointly-owned condominium apartment following the new rules under the Condominium Law announced early last month, said legal expert U Naing Lin Zaw Tuesday. In an interview with Xinhua, U Naing Lin Zaw clarified that the minimum requirements for a condominium project are to build […]

Stock Trading Down, But Investors Remain Interested

The Myanmar Stock Price Index tumbled 23 points, or around 4.7 percent last week, closing Friday at 463.70, after officials from the Directorate of Investment and Company Administration (DICA) said the new Myanmar Companies Law would take at least another 8 months to implement. The new law, which replaces the existing 1914 Myanmar Companies Act, […]

Delay in Companies Law Negative, but not Surprising

Implementation of the long-awaited Companies Law will be postponed until August 2018, Reuters reported Monday, citing top officials from Myanmar’s Directorate of Investment and Company Administration (DICA). Myanmar will delay implementing a new law that would have allowed foreign companies to take up to a 35 percent stake in local companies, bringing about badly needed reforms for […]

Myanmar to Delay Law That Would Have Allowed More Foreign Investment

YANGON (Reuters) – Myanmar will delay a long-awaited reform that would open the door further to foreign investment, two officials told Reuters, a move likely to disappoint cash-starved businesses amid growing doubts over the management of the economy by the country’s leader, Aung San Suu Kyi. The postponement of the corporate reform, which would have […]

Chin to Build Infrastructure Links for Investment

CHIN State, with a population of 478,801 as of 2014, is the least developed region in Myanmar and the second least populated. Basic infrastructure is still largely absent, and this has been a major hurdle for the Chin economy. Now, the regional government wants to attract investors by improving Chin’s road and maritime connectivity with […]