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Tanintharyi Residents Call on Myanmar’s Aung San Suu Kyi Address Corruption Concerns

Residents of a coastal town in southern Myanmar’s Tanintharyi region demanded Wednesday that State Counselor Aung San Suu Kyi take action against their government over complaints about corruption and poor administration by removing the chief minister and the minister of planning and finance. During a three-day visit to the far-flung region, people at a gathering […]

How A Chance Meeting On A Night Bus Brought Down FDA Chief

During the work week, Myanmar’s members of parliament spend their evenings housed in bland dormitories in Naypyitaw. So for many MPs, Friday night is travel night. Some board buses for long, bumpy journeys to their hometowns in far flung corners of the country. Others take shorter trips to closer cities like Mandalay or Yangon for […]

Long-term investment is the key, according to Ascent Capital founder

Myanmar is an emerging market and long-term play for investors seeking to come in. In the following interview, Mizzima talked with Mr Lim Chong Chong, Ascent Capital Partners Founder and Managing Partner about the launch of a Myanmar-focused private equity fund – Ascent Myanmar Growth Fund – and the prospect for the economy and investors. […]

‘Tone from the top’ crucial in anti-corruption: DICA

There is a lack of awareness about the transparency and corporate governance aspects of the new Companies Law, according to a senior government official, who argued for the importance of tone from the top in combating corruption. The Myanmar Centre for Responsible Business (MCRB) and the Union of Myanmar Federation of the Chamber of Commerce […]

Workers demonstrate in Mandalay

Workers in Mandalay Region held a protest to demand the appointment of a new regional labour minister and urged officials to pay attention to labour affairs. Led by Myanmar Industries, Crafts and Services (MICS) Trade Union Federation, about 300 workers from 20 factories in the industrial zone staged a protest march last Saturday. “Under the […]

Companies should clean up their acts to fend off corruption risks

Transparency International’s 2017 Corruption Perception Index ranks Myanmar at 130 out of 180 countries, showing that we have a long way to go in both corporate governance and uprooting graft. Nevertheless, over the last two years, Myanmar has advanced from a low base. The new Companies Laws (2017) and Rules (2018) revised the legislative framework, […]

China’s top planning agency doubles down on Belt and Road collaboration

Ning Jizhe, vice chair of China’s top planning agency National Development and Reform Commission (NDRC), visited Myanmar from November 24 to 27. The visit is built on the consensus reached by State Counsellor Daw Aung San Suu Kyi and China’s leader Xi Jinping at the end of 2017, with regards to the China-Myanmar Economic Corridor […]

Govt deploys strategy to raise tax revenues

Myanmar will implement plans to raise tax revenues in the coming years. “Our target is collect over 15 percent in taxes to GDP,” said U Min Htut, director general of the Internal Revenue Department under the Ministry of Planning and Finance. The tax to GDP ratios of other ASEAN countries are all above 10pc, with […]

Myanmar land management encounters challenges such as lack of following rules and regulations and corruption

Vice President U Henry Van Thio delivers an address at the National Land Use Policy Forum at Myanmar International Convention Centre-2 on October 2. Myanmar land management is coming across different forms of challenges such as lack of abiding by rules and regulations and corruptions, said Vice President U Henry Van Thio. The remarks came […]

Anti-corruption drive dodges political donations and criminal liability

Nay Pyi Taw has stepped up its efforts to curb corruption by empowering the anti-graft body and reaching out to the private sector. Yet, the announcement from the Directorate of Investment and Companies Administration (DICA) has created confusion among businesses. Crucially, there are still no criminal liability for offering bribes and no effective regulations on […]