Myanmar’s Second Investment Policy Review Urges Further Liberalization

YANGON—Myanmar has published its second investment policy review (IPR), which identifies needed policy reforms—ranging from enhancing responsible investment, establishing special economic zones (SEZs) and strengthening the implementation of environmental impact assessments to fostering secure and well-defined land rights—with the aim of attracting more foreign investment to the country. Supported by the France-based Organization for Economic […]

Myanmar climbs six spots in world bank ease of doing business ranking

Myanmar moved up six places to 165th on the World Bank’s 2020 ease of doing business ranking in the bank’s latest report, which cites several reforms including creating an easier environment for starting a business and greater protections for minority investors. On Thursday, the World Bank’s latest report on ease of doing business ranked documented […]

Taking a Quantum Leap to Revamp Myanmar’s Economy

YANGON—Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy. State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as […]

Lessons from Asia’s reversal of fortunes

The short flight from Bangkok to Yangon on Sunday took the usual 55 minutes and transported passengers from Thailand’s thriving metropolis to the more surreal world of Myanmar’s former capital. But this time, the “tale of two cities” – one just emerging from the shadows, the other on a rapid development track – had reversed, […]