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Venturing into Myanmar: Opportunities, misconceptions and challenges

1. What are some of the latest developments in Myanmar right now? Myanmar is expected to remain an outperformer in Asia, with real GDP growth estimated at 7.1% a year in 2018/19 – 2022/23. Even though the United States lifted sanctions in October 2016, overall foreign investment has declined. The amount of foreign investment approved […]

MoU signed in Rakhine for mega projects

SITTWE – With the aim of implementing three mega projects for regional development in Rakhine State, a memorandum of understanding (MoU) has been signed between the Rakhine State Government Committee and private companies on October 30. The mega projects are construction of Kanyinchaung trade zone on Maungdaw Township, development of Manaung Island and construction of […]

Ex-MP warns of possible corruption in Yangon development projects

It is crucial that land development projects carried out by the Yangon City Development Committee go ahead only after rigorous verifications regarding tax evasions and money laundering, said former MP Dr Nyo Nyo Thin. She said current MPs lacks a full understanding of legal and regulatory processes that city development projects require. “It must all […]