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Private capital needed to fund required infrastructure

Unlocking investment from the private sector is necessary for Myanmar to fund its building of transport infrastructure, speakers at a construction sector forum said. Bankability and risk-sharing would be the two key criteria to incentivise businesses to take part. Recently, the European Chamber of Commerce Myanmar (EuroCham) held the first construction forum in Yangon. The […]

Myanmar steps up financial reforms

The government of Myanmar is finally putting its long-anticipated plans for economic liberalisation into overdrive. In the past few weeks it has announced numerous reforms — including insurance liberalisation and further easing of restrictions on foreign banks, the establishment of a credit rating bureau and the formation of a “project bank” to encourage investment, especially […]

Business confidence in Myanmar sinks as scepticism mounts

More European businesses say they have lost confidence in Myanmar due to concerns about the National League for Democracy-led government’s management of the economy compared to the last two years, a new survey shows. According to the latest survey from the European Chamber of Commerce in Myanmar (EuroCham) published yesterday, a majority of firms (81 […]

Delay in new automotive policy for Yangon alarms business groups

Two major business groups penned a letter to the commerce and transport ministries to complain about the delay in implementing the new vehicle registration system in Yangon. Vehicle distributors and dealers have been waiting for two years for a new policy. The new system was originally expected to be in place by the beginning of […]

Joint Chambers Networking with NorCham and EuroCham on 4th April 2018

We are pleased to invite you to a joint chambers networking event with the Norwegian chamber and EuroCham. Join the event for a relaxing evening with premium canapés and free flow drinks at Garbo bar and meet business leaders, entrepreneurs and professionals enjoying the trendy atmosphere of the Garbo bar at Melia hotel. We look […]

Joint Chambers Networking with British Chamber and EuroCham on 21st Feb 2017

Join the British Chamber and EuroCham for an evening of socialising at StarCity poolside, with free flow of wine and light canapes. Scania will provide return transportation from three hotels in the city (Melia Hotel, Chatrium and The Strand hotel). Outgoing buses will leave at 5.45pm for Melia and Chatrium Hotel and 6pm for the Strand returning between 8.30 and 9pm . […]

Businesses demand quicker reforms, policy clarity in 2018

After a somewhat “disappointing” 2017 for the private sector, during which key economic legislation failed to take shape as expected, leading businessmen and chambers of commerce have urged Nay Pyi Taw to be more decisive and efficient in implementing reform in 2018. Moving forward, the business community wants to see stronger leadership and direction from […]

French chamber opens branch in Mandalay

The French chamber will launch its Mandalay business centre in early November to serve European, French and Myanmar businesses eager to expand into the country’s second largest city. CCI France Myanmar Business Centre will be located in Unit 5, Block 2 of the Mingalar Mandalay Compound. Situated beside the old Chanmyathazi airport and across the […]

Change in fiscal year insufficient to address shortfalls in budget process

While seen as positive, Nay Pyi Taw’s proposed change of fiscal year alone cannot address the lack of flexibility in the annual budgeting process, according to businesses. The adoption of multi-year budgeting should be implemented instead. Lawyers, investors and financiers told The Myanmar Times that while changing the fiscal year could bring some advantage to […]

Event Alert, 27 September | Joint Chambers Networking with AustCham and EuroCham

Detail : We are pleased to invite you to a joint chambers networking event with AustCham and EuroCham. Join us for a relaxing evening with premium canapés and drinks at Novotel and meet business leaders, entrepreneurs and professionals enjoying Yangon’s skyline from the terrace of Le Cellier Wine Bar & Restaurant. We look forward to […]