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Myanmar still weak in enforcing contracts, protecting minority investors

Myanmar has done undertaken two reforms to improve access to power supply and the ease of starting a local business, according to the latest report from the World Bank. However, pace of reform on most regulations affecting the private sector remain stagnant. In the newly-released World Bank’s 2019 Doing Business rankings, Myanmar ranks 171th out […]

WB suggests five points for higher rank in the Ease of Doing Business

World Bank (WB) has suggested five points to create a framework for e-government and redraft over-100-year-old taxation law in a bid to get the higher rank in the Ease of Doing Business, said Aung Htoo, Deputy Minister for Commerce. The WB suggested the emergence of a law framework pertaining to Companies Act, e-Commerce and legislation […]

Foreign Direct Investment into a country is influenced by Ease of Doing Business

FDI is desired by most of the countries as it can help in boosting the economic development of the country. Therefore almost every country tries to attract the foreign investment by offering the incentive such as tax incentive, tax grace period and etc. Our neighbouring country, India had amended the Foreign Direct Investment Law in […]

Myanmar business environment improves after reforms East Asia and Pacific Makes Steady Progress to Improve Business Environment: Doing Business Report

Myanmar has improved its business regulatory environment over the past year through reforms on business registration and the enactment of a law that allows the establishment of a new credit bureau, finds the World Bank Group’s annual Doing Business report. The report finds that over two-thirds of East Asia and the Pacific region’s 25 economies […]

Early Returnee Dutch firm lends helping hand in project management

For many potential foreign investors the outcome of Myanmar’s elections in 2015 will determine if the country is firmly on the path of democratization, but Dutch firm Royal Haskoning DHV has no such reservations. The engineering and project management consultancy was one of the first to return to Myanmar as part of an unofficial Dutch […]