Aust’s investment poised to rise after Chambers’ merger

Australian investors’ interest in Myanmar is forecast to rise, thanks to the recent merger of the country’s two chambers of commerce in Yangon. Jodi Weedon, CEO of the new AustCham Myanmar, said the new organisation would be formed following a memorandum of understanding signed on August 14. She said the merger would enable one unified […]

Fullerton Myanmar welcomes IFC’s investment, expanding access to microenterprises

Fullerton Finance (Myanmar) Company Limited, a licensed microfinance company in Myanmar, announced that IFC, a member of the World Bank Group, has made a $1.2 million equity investment in the company to help the microfinance provider expand lending to smaller businesses and individual borrowers. Myanmar’s financial system is in an early stage of development. Just […]

Despite low rating, Myanmar business climate improving – World Bank

For a country rolling out economic reforms at a startling pace, Myanmar’s lowly ranking among the likes of Eritrea and Chad for ease of doing business might set off alarm bells for would-be foreign investors. The good news for firms interested in tapping the country’s natural resources, tourism potential and urgent infrastructure needs is Myanmar […]

Thai businesspeople too slow to move into Myanmar, long-timer says

The Myanmar Investment Commission granted licences to 33 companies in the first four months of the year, whose total investment amounted to US$815 million (Bt25 billion). Yes, some of them are from Thailand, but a pioneering Thai businessman believes his countrymen are moving into Myanmar too slowly. Having been in the neighbouring country for 22 […]