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EU’s threat to scrap trade preferences spurs Myanmar’s reforms

Economic reform is getting a second wind in Myanmar as the government tries to lure back foreign investors scared away by reports of human rights abuses against the country’s Rohingya Muslim minority. The government has announced the easing of restrictions on foreign banks and the creation of a new ministry to oversee foreign investment in […]

New investment ministry should be ‘substance over spin’

U Thaung Tun’s new ministry should be an effective voice of business in government, challenging line ministries on red tape while ensuring all business-related laws are properly consulted on. WITH liberalisation stalled, investor interest falling, and criticisms from the private sector increasingly vocal, the National League for Democracy-led (NLD-led) government has gone on the charm […]

Ministry Declines ADB Infrastructure Loans

​​ As lawmakers last week questioned the government’s reliance on foreign loans, the tourism ministry decided to decline US$45 million offered by the Asian Development Bank. The loans and the ministry’s goals were at cross purposes, according to U Yee Mon, who serves as permanent secretary of hotels at the Ministry of Hotels and Tourism. The […]