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‘Creating triple wins’: inclusive business in Myanmar

They can create new income opportunities for the poor by engaging them in the value chains of profitable businesses while paying better than market rates. They can also provide goods and services to the poor that address key needs in areas such as health, education, housing, finance, water and sanitation. Inclusive businesses are typically profitable […]

Myanmar still weak in enforcing contracts, protecting minority investors

Myanmar has done undertaken two reforms to improve access to power supply and the ease of starting a local business, according to the latest report from the World Bank. However, pace of reform on most regulations affecting the private sector remain stagnant. In the newly-released World Bank’s 2019 Doing Business rankings, Myanmar ranks 171th out […]

Myanmar to hold investment summit early next year

Myanmar will hold its first-ever investment summit in the capital city Nay Pyi Taw next year, a senior official told a press conference Tuesday. Organized by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), the “Invest Myanmar Summit-2019” will be held in January 28-29, the first collaboration summit between the government […]

Statement categorically opposes dam construction in Thanlwin River

A statement has been issued over the press conference on a documentary video titled “Let’s save the Thanlwin River for future greening held at Orchid Hotel in Yangon on Tuesday. The statement strongly opposes dam construction in the Thanlwin River in Kayinni (Kayah) State, Shan State and Kayin State as it can wipe out biodiversity, […]

TVP invests in FMR to tap into Japanese clientele

Local financial advisory Trust Venture Partners (TVP) will make a minority investment into business information firm Frontier Myanmar Research (FMR). TVP will exclusively distribute FMR’s subscription services on energy, financial services, real estate and transport infrastructure to Japanese clients, for whom TVP acts as a market entry point into Myanmar. The two companies will also […]

As the West isolates Myanmar, some investors dig in for the long term

YANGON/BANGKOK — A full generation has grown up since the State Law and Order Restoration Council (SLORC) of Senior Gen. Saw Maung seized power on Sept. 18, 1988, putting a bloody end to a nationwide pro-democracy uprising that lasted some six weeks. An estimated 3,000 people died in the crackdown, which re-established direct military rule […]

FDI in Thilawa SEZ project declines by $ 18.5 m

From April to August of the mini budget period, the foreign investments in Thilawa Special Economic Zone Project has dropped by US$ 18.5 million compared with the same period last year, according to a press conference by Myanmar Investment Commission on August 29. Than Aung Kyaw, Deputy Director of Directorate of Investment and Companies Administration […]

Businesspeople Urge State Counselor to Reduce Tax And Loan Interest Rates

Leading businesspeople urged State Counselor Daw Aung San Suu Kyi to reduce tax and bank loan interest rates during a meeting in the administrative capital Naypyitaw on Tuesday. Potential investors are maintaining a wait-and-see attitude and Myanmar’s economy is experiencing a slowdown, said leading builder U Maung Weik. Reducing bank loan interest and tax rates […]

Ministry issues notice to proceed for Deedoke hydro project

The Ministry of Electricity and Energy has issued a notice to proceed to the developers of the 60-megawatt Deedoke hydropower project in Mandalay Region. Ministry officials signed the notice with the developers – Andritz of Austria, Kansai of Japan and High Tech Construction Trust, which is a subsidiary of Myanmar’s Shwe Taung Group – at […]

Waiting for Godot: farmers seek return of seized land

Farmers in Myanmar are still waiting for justice as many of their lands were confiscated by government officials, military personnel, authorities and their cronies for various reasons, a new report from New York-based Human Rights Watch (HRW) revealed. The NGO launched the report “Nothing for Our Land: Impacts of Land Confiscation on Farmers in Myanmar” […]