Unblocking the path to capital freedom for SMEs

Myanmar’s financial sector must progress towards becoming more inclusive of small and medium enterprises (SMEs), which form the backbone of the country’s economy, but face difficulties obtaining access to funds for expansion and growth. “We need to liberalise the financial sector to encourage start-ups and support SMEs. This involves integrating the full-range of financial services […]

Myanmar mulls reforms to meet infrastructure funding

YANGON — With Myanmar mired in the Rohingya humanitarian crisis and few signs of any short-term solution, Aung San Suu Kyi’s government is struggling to maintain recent efforts to shore up the economy as uncertainty assails investment confidence and domestic sentiment. The government is facing an international outcry over its handling of the Rohingya refugee […]

Suu Kyi’s Myanmar Problem: Where’s the Economy?

YANGON, Myanmar — Aung San Suu Kyi came to power last year with a laser focus on ending the insurgencies that have dogged Myanmar for decades. The consuming nature of that goal has led to a new problem for the Nobel laureate: falling investor confidence in her ability to manage a fast-opening $67 billion economy. […]

Myanmar and ASEAN A Great Unknown to Trump

Eric Rose is lead director of Herzfeld Rubin Meyer & Rose (“HRMR”), the first US law firm established in Myanmar. HRMR is a founding member of the American Chamber of Commerce Myanmar, and Mr Rose serves on its Executive Committee, and also chairs its HR Committee. In an exclusive interview with the Myanmar Times, he […]

Business community pins sanction hopes on State Counsellor’s visit to US

With State Counsellor Daw Aung San Suu Kyi set to meet US President Barack Obama in Washington today, many in Myanmar’s business community will be watching closely. The two are set to discuss US sanctions that have been in place for decades, and that investors are rearing to have removed. Businesses have long called for lifting sanctions they say cripple […]

US hikes investment ceiling for Myanmar reporting

The US intends to raise the minimum amount of investment that triggers reporting requirements for its firms in Myanmar, although there are doubts that the move would trigger much of an increase in investment. Senior US administration officials said on May 17 that as part of actions to help trade, investment and the new government, […]

US unlikely to lift sanctions in 2016

Despite boasting a new democratically elected government that enjoys enormous popular support, Myanmar looks unlikely to shed the US sanctions that have restricted the country for decades, according to experts familiar with the sanctions program. Various individuals and organisations – international and domestic – have called for the US to lift sanctions against Myanmar, following […]

Myanmar a letdown for US Companies

Buzz Over Post-Sanctions Myanmar Fades for Many U.S. Investors Initial rush for opportunities turns to disenchantment as political changes lag behind YANGON, Myanmar- Many people thought this would become one of the hottest new markets for American capital a few years ago, when the country began opening to the West after decades of military rule. […]

Myanmar aims for US duty free by 2014

Myanmar’s exporters stand to benefit from duty-free access to the United States by the end of the year under the US Generalized System of Preferences, experts say. The Ministry of Commerce said Myanmar must prove that it has improved labour rights and its property laws in line with the international standards provided by foreign institutions. […]

US investment in Myanmar focus on natural resources, infrastructure and agriculture

Five broad sectors most interest American business people, including natural resource extraction and consumer goods manufacturing through companies such as Colgate, Pepsi Co and Coca-Cola, trade experts said. Other US interests lie in infrastructure development for electricity production and distribution, road construction, and agriculture; where US firms can provide mechanical equipment as well as seeds […]