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Philanthropy not legally required for investors: DICA

The government does not oblige the private sector to make philanthropic donations when doing business in Myanmar, a senior official has clarified. U Thant Sin Lwin, head of the Directorate of Investment and Company Administration (DICA), said that neither the Investment Law nor the Myanmar Investment Commission requires investors – foreign or local – to […]

Groups and businesses gather in Loikaw for community tourism conference

Community-based tourism could become an alternative source of income for the communities in Kayah State and beyond, replacing developments which damage the environment. Aiming to bring together tourism businesses and community-based groups, the fourth National Conference on Communities and Tourism will be held in Loikaw, Kayah State from June 6 to June 8. The seminar […]

New labour law paves way for worker safety standards

Myanmar’s parliament has enacted the Occupational Safety and Health (OSH) Law to promote safe and secure working environments for labourers and workers. The new law, signed by President U Win Myint on March 15, is expected to pave the way for the first legally-established health and safety standards in the country. It stipulated that OSH […]

IFC report recommends alternatives to high-risk Myitsone

A government-sponsored study warned against restarting the highly controversial Myitsone dam and recommended alternatives to develop the country’s hydropower sector. The final version of the Strategic Environmental Assessment (SEA) of the hydropower sector, supported by the energy and environment ministries and authored by the International Finance Corporation, has been published. The SEA involved a range […]

‘Tone from the top’ crucial in anti-corruption: DICA

There is a lack of awareness about the transparency and corporate governance aspects of the new Companies Law, according to a senior government official, who argued for the importance of tone from the top in combating corruption. The Myanmar Centre for Responsible Business (MCRB) and the Union of Myanmar Federation of the Chamber of Commerce […]

Protests and demonstrations a key concern for extractive companies

Protests and demonstrations pose a serious security threat to the oil and gas industry as well as mining sector in Myanmar, a recent poll among industry players showed. Yangon-based Myanmar Centre for Responsible Business (MCRB) organised workshops aiming to raise awareness of the relevance of Voluntary Principles on Security and Human Rights (VPSHR) for Myanmar’s […]

Myanmar’s private sector should be at the driving seat for reform

Businesses in the country are best-placed to be at the driving seat for reform, an expert said at a conference in Yangon. On a broader level, the human capital and capacity of employees which the private sector is well-positioned to develop are vital for Myanmar’s transition as a country. Vicky Bowman, director of Yangon-based Myanmar […]

Anti-corruption drive dodges political donations and criminal liability

Nay Pyi Taw has stepped up its efforts to curb corruption by empowering the anti-graft body and reaching out to the private sector. Yet, the announcement from the Directorate of Investment and Companies Administration (DICA) has created confusion among businesses. Crucially, there are still no criminal liability for offering bribes and no effective regulations on […]

Experts object to firms’ plans to mine sand in Tanintharyi Region

A local company plans to extract 5 million cubic metres of sand over five years in sensitive coastal areas in Tanintharyi Region without legally-required environmental assessments. Experts warn that the proposed sand mining will be highly damaging to a nearby pearl farm, biodiversity and fisheries and livelihoods of local communities. The issue highlights some of […]

International partnerships drive transparency among Myanmar companies

Good corporate governance is what attracts investors, such as International Financial Corporation (IFC), for companies, according to the findings revealed by the latest transparency report. The report also points to the very poor disclosure record and absence of corporate governance by companies which are registered at Directorate of Investment and Company Administration (DICA) as “public” […]