IFC launches its sustainability guidelines in Myanmar language

Arm of world bank guides local companies on managing environmental, social risks The International Finance Corporation, a private sector arm of the World Bank Group, last week released a Burmese version of its Performance Standards on Environmental and Social Sustainability. The publication is a set of eight internationally recognised norms that guide companies and governments […]

IFC launches its sustainability guidelines in Myanmar language

The International Finance Corporation, a privatesector arm of the World Bank Group, last week released a Burmeselanguage verฌsion of its Performance Standards on Environmental and Social Sustainability. The publication is a set of eight internationally recognised norms that guide companies and governฌments on identifying and managing environmental and social risks to achieve sustainability. Bernard Sheahan, […]

More transparency needed from local business: MCRB

A select few Myanmar firms display a higher level of transparency than most of their ASEAN peers, but many large companies continue to show little interest in disclosure – even when legally required – according to a recent report from the Myanmar Centre for Responsible Business (MCRB). There is huge variation in the approach Myanmar’s […]

In Burma, a Fine Line Between CSR and Karmic Cash

RANGOON — It was perhaps inevitable that Burma’s business sector would struggle with the idea of corporate social responsibility (CSR), operating in a country of high charitable giving and stark contrasts between its wealthiest and poorest citizens. At least in part, this stems from the reality that CSR, as a concept, has only caught on […]

Barriers remain to technology revolution: MCRB

Myanmar’s burgeoning technology universe is beset by risks that could threaten users, according to a new report on the information and communication technology sector by the Myanmar Centre for Responsible Business. The Myanmar ICT Sector-Wide Impact Assessment (SWIA) is the third report of its kind, after MCRB published two others concentrating on oil and gas […]

US offers path to redemption for ‘cronies’

Myanmar officials and the business community yesterday expressed hope that the lifting of US sanctions against prominent industrialist U Win Aung last week would open the door to an influx of US investment and the removal from Washington’s blacklist of other tycoons linked to the former military regime. An industry insider who asked not to […]

Tourism destinations already under strain, survey finds

Making sure tourism does more good than harm – that is the aim of research conducted by the Myanmar Centre for Responsible Business, whose results were released on February 20 at the MAC Tower in Yangon. Some of Myanmar’s flagship sites such as Bagan, Inle and Kyaikhtiyo are already under environmental and social pressure from […]

Internet connection: Corporate website index released

Corporate websites provide a window to examine business practices, but their quality is still a mixed bag in Myanmar, according to a report by the Myanmar Centre for Responsible Business (MCRB). KBZ Bank and Max Myanmar came out on top of a rankings list that looks at the amount of information firms provide in key […]

Oil firms draw most rights complaints

The oil and gas sector continues to draw the most complaints regarding transparency and human rights practices in Myanmar, according to a survey conducted by business watch groups and released last week. Some 47 percent of allegations recorded by the report released from the Business and Human Rights Resource Centre (BHRRC) were addressed at the […]