Regional government happy to keep the bribes flowing

On December 12, Yangon Region Hluttaw representative U Thaung Kyaw submitted a proposal to “make a law and allow massage parlours in Yangon Region to operate according to a legal framework”. The proposal was defeated. But it’s worth looking more closely at the points made by U Thaung Kyaw and Daw Nyo Nyo Thin, who […]

Crunch Time for Copycats?

YANGON — Imagine for a moment a billboard in downtown Yangon that reads “Kandawgyi Fried Chicken… It’s finger lickin’ good!” Kentucky Fried Chicken will soon enter Yangon’s fast food market, and you can be sure the company will be concerned about preventing any upstart business using words or images similar to its trademarked brand. But […]

Vietnam investors eye top-five spot, $1.5bn investment in Myanmar by 2015

Vietnamese businesses have set a goal of becoming one of the five largest foreign investors in Myanmar by next year, chairman of the Association of Vietnamese Investors in Myanmar (AVIM) said Sunday in Hanoi. Vietnamese investors in Myanmar have sought to increase their investment in the country to US$1.5 billion to achieve the target, AVIM […]

DICA confident of hluttaw approval on combined investment law

A planned amalgamation of two of Myanmar’s investment laws is set to proceed smoothly ahead of the ASEAN Economic Community in 2015, making it easier for both foreign and local investors to conduct business under a more modern and comprehensible framework, a senior government said. The current rules, which are set under the 2012 Foreign […]

Myanmar to legislate on computer software

YANGON — Computer professionals and government officials will form a committee to legislate on the import and export of computer software, according to Myanmar Computer Professionals Association (MCPA). “There is still no legal structure for software import/export in our country. Taxes on them are also yet to be decided. This is a requirement for the […]

Myanmar Property: Pros and Cons of investing in the region’s last frontier market

My visit to Myanmar about a year ago, including inspection of raw land, office buildings, serviced apartments and hotels, reminded me of when I first started working with CBRE Thailand 25 years ago. The key difference is that I now have a thorough knowledge of the property market, whereas in 1988 I was still new […]