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Myanmar Among World Bank’s Top 20 for Business Ease Improvements

YANGON – As the Myanmar government makes efforts to complete its ambitious goal to reach the top 100 of the World Bank’s ease-of-doing-business index 2020, the country was listed among the top 20 most-improved countries. A World Bank report listed Myanmar in the top-20 improvers in Doing Business 2020, alongside China, Bangladesh and India. It […]

FDI jumps 77pc to US$2.3 billion in first half of 2019

Government-approved foreign direct investment (FDI) into the country stood at US$2.3 billion in the first-half of 2019, a 77 percent improvement from the same period last year when approved FDI came in at US$1.3 billion. According to statistics from the Directorate of Investment and Company Administration, Singapore was the top investor with US$1.3 billion and […]

Can Myanmar’s economy fulfil its potential?

<ahref=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> With gross domestic product (GDP) growth consistently above 5 percent throughout this decade, and in double digits for much of the previous decade, Myanmar has been one of South East Asia’s fastest-growing economies for quite some time. What’s more, this newly liberalised nation is being touted to likely continue growing expeditiously well into […]

Myanmar govt to launch roadmap for financial inclusion

FOLLOWING liberalisation of the banking and insurance sectors by allowing 100 per cent foreign direct investment (FDI), Myanmar plans to launch a financial inclusion road map by next month, according to Thant Zin, director at the Financial Regulatory Department (FRD). He told the 4th Emerging Asia Banking and FinTech Summit 2019 on Tuesday that Myanmar […]

Jailed American’s Family Pleads to US, Myanmar Govts in Hemp Case

The family of US citizen John Frederic Todoroki, who was accused of growing marijuana in Mandalay’s Nganzun Township, has appealed to the Myanmar government for help, pleading that Todoroki only tried to help Myanmar farmers growing industrial hemp and did not commit any drug-related crimes. The family sent the letters to Myanmar State Counselor Daw […]

Recovery expected as China executes BRI: OCBC Bank

Myanmar may be in for a tough patch with foreign direct investments declining, inflation rising and global uncertainty adding pressure to the kyat. Yet, recovery may be on the cards as opportunities emerge on the back of policy reforms and the execution of projects related to China’s Belt and Road Initiative (BRI), analysts from Singapore’s […]

‘Tone from the top’ crucial in anti-corruption: DICA

There is a lack of awareness about the transparency and corporate governance aspects of the new Companies Law, according to a senior government official, who argued for the importance of tone from the top in combating corruption. The Myanmar Centre for Responsible Business (MCRB) and the Union of Myanmar Federation of the Chamber of Commerce […]

Is Myanmar Ready to Become a Regional Trade and Supply Hub?

Japanese Prime Minister Shinzo Abe recently pledged to promote more than 150 quality infrastructure projects in five nations in the Mekong River subregion—Myanmar, Thailand, Vietnam, Cambodia and Laos—under a new blueprint, the Tokyo Strategy 2018 for Mekong-Japan Cooperation, which will be effective from 2019 to 2021. Japan and China are competing for influence in Southeast […]

Corporate Japan urges Myanmar to address business concerns

The most senior Japanese business leader in Myanmar urged the government to recognise how liberalisation, efficient bureaucracy and reliable power supply allowed Thilawa Special Economic Zone (SEZ) to attract considerable investments. He also warned that current restrictions placed on foreign firms in the retail and wholesale sector are already “the maximum” but commended the ministry’s […]

Impoverished Chin sees little progress in drawing investment

Long plagued by poor road connectivity and the absence of power infrastructure, Chin has not succeeded in securing investments to develop the region thus far, but opportunities in tourism, energy and agribusiness abound. According to the “Opportunities and Challenges for Local Business Development in Chin State” report issued by the Gender and Development Institute of […]