Tech transfer clause linked to enactment of IPR law

The inclusion of the technology transfer clause in contracts inked in Myanmar by foreign firms will only take effect after the Intellectual Properties Right (IPR) law is enacted, said Deputy Minister for the Ministry of Planning and Finance U Maung Maung Win. Speaking at the Amyotha Hluttaw session yesterday, he said, “When the IPR law […]

HKUST Business School seminar says Belt and Road offers opportunities in Myanmar

The second in the BizInsight@HKUST-OBOR Talk Series looked at opportunities in Myanmar brought about by China’s Belt and Road initiative. Hosted by the Hong Kong University of Science and Technology (HKUST) Business School, the seminar highlighted how local businesses and investors could benefit from belt and road-related projects in Myanmar. The seminar, organised with event […]

Myanmar should regulate labor unions to help attract more Chinese investment

Over the weekend, some Chinese netizens vented their anger over an incident in Myanmar, in which hundreds of local strikers attacked a Chinese garment factory and briefly detained seven Chinese employees. The Myanmar government needs to restrict the power of local labor unions according to relevant laws to better protect foreign investors’ legitimate rights. In […]

Foreign investment slumps by nearly US$ 650 million

Foreign direct investment (FDI) as of the end of November in the current fiscal year slumped by nearly US$650million when compared to the similar period last year, according to statistics released recently by the Directorate of Investment and Company Administration (DICA). In the same period, FDI of US$3,943.184million entered Myanmar in the 2015-2016 fiscal year, […]

Mizuho Bank and MAX Myanmar inked an MoU for business cooperation

Mizuho Bank and Max Myanmar Holdings signed a memorandum of understanding (MoU) for business cooperation with an aim at facilitating foreign direct investment (FDI) in Myanmar by Japanese companies. Mizuho Bank will be the first Japanese bank to sign an MoU with Max Myanmar. Mizuho has been supporting Japanese companies entering Myanmar. It opened a […]

FDI and subsidies required to enhance agricultural sector

Foreign direct investment (FDI) and subsidies are required to enhance the agricultural sector. Farmers need to survive from occasions when they are offered a lower price after a harvest. Besides, efforts will have to be made to attract more FDI to put into agricultural sector. At harvest time, supply overpowers demand, resulting in a low […]

Myanmar aims to attract $140 billion in FDI until 2030

Myanmar has set its sights on attracting US$140 billion (Bt4.9 trillion) in foreign direct investment (FDI) from now until 2030, according to a national economic development plan. From 1988 until March 30, which marked the end of the 2015-16 fiscal year, Myanmar had granted permits for foreign investments worth $63.7 billion. The national development plan, […]

Myanmar’s clothing industry is set for significant growth in the coming years

Myanmar’s clothing industry is forecast to grow significantly in the coming years, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence. Forecasters have predicted that there could be up to 1.5 million jobs in the garment industry by 2020 compared with approximately 230,000 in mid-2015, […]

Services Likely to Play Key Role in New Economic Plan, Experts Say

Burma’s service sector, not manufacturing, will likely be the focus of national attention after the new government is formed in March, observers predict. The country’s economy is expected to hit a lull in the post-election period, but experts say that the incoming administration will attempt to boost the service sector to keep the national economy […]

Politics and frontier property markets

Myanmar’s election held on November 8, deemed as the country’s first free election in 25 years, caught the attention of people around the world as Aung San Suu Kyi’s National League for Democracy won by a landslide. Considering the date from the Directorate of Investment and Company Administration (DICA) indicating the rise in the real […]