Yangon Regional Bill Approved

The regional planning bill on the development of 33 townships in the Yangon municipality area and 12 other townships outside it as part of an urbanisation of Yangon, was yesterday approved by the regional Hluttaw. The Yangon Regional Planning Bill focuses on developing electricity infrastructure, road and water transportation in order to reduce traffic congestion, […]

Yangon Government Submits Economic Plan to Parliament

​​ An economic plan for 2017-2018, which aims to increase Gross Domestic Product by 8.5% was submitted to the Yangon Region Government by the Minister of Planning and Finance, Myint Thaung. The minister explained that the draft of the plan was designed to match the budget of the Yangon Region. It was drafted together by […]

IFC to Help Myanmar Develop a Secured-Transactions Framework

IFC, a member of the World Bank Group, is helping Myanmar’s government to develop a secured-transactions framework that will allow businesses, especially micro, small, and medium enterprises (MSMEs), to access finance by offering movable assets as collateral, IFC said in a statement on 5 November. This will unlock significant financing for MSMEs, for whom lack […]

UK aid program seeks to make it easier to do business in Myanmar

The United Kingdom’s development arm announced a £25 million (US$32.5 million) aid program yesterday geared toward making it easier to do business in Myanmar and boosting growth in key sectors of the economy, like agriculture and garment manufacturing. The UK and Australia are currently working with the Directorate of Investment and Company Administration and the […]

In Myanmar, the AIIB Could Buttress China’s ‘One Belt, One Road’ Framework

The Asian Infrastructure Investment Bank could come to play a greater role in Myanmar. Is the Asian Infrastructure Investment Bank (AIIB) just another vehicle for spreading Chinese geoeconomic primacy throughout the Asia-Pacific? Earlier this year, reflecting on the bank’s first projects, I argued that such fears were overwrought. The AIIB, with modest partnership-based undertakings along with […]

Removing Barriers to Doing Business Will Help Create a Strong Private Sector in Myanmar

NAY PYI TAW, Myanmar, March 24, 2015—Access to finance is the top constraint for private enterprises as Myanmar’s economy undergoes market-oriented reforms after emerging from decades of isolation, and addressing this and other challenges will help create a strong private sector to drive the country’s future growth and create much-needed jobs, the World Bank Group’s […]