MIC to remain under ministry control

Myanmar’s new government will not allow the Myanmar Investment Commission to become an independent entity, but the MIC is planning to amend its policies to relax investment restrictions and direct more capital flows into manufacturing, its secretary U Aung Naing Oo has said. There have been discussions about an independent MIC for several years. U […]

JCB to open Yangon Branch

CB International is cooperating with Myanmar Payment Union banks to issue JCB cards by the end of 2016 or as soon as next year, according to a press release from the group. As well  as this partnership JCB is establishing a branch in Yangon under the subsidiary JCB International (Thailand) Co. Ltd. JCB will be […]

Despite Myanmar dam blockage, China confident about ties with Suu Kyi government

Beijing is seeking to overcome blockages with a controversial Chinese-invested dam in Myanmar, Foreign Minister Wang Yi said on Tuesday. Outgoing Myanmese President Thein Sein put the US$3.6 billion Myitsone dam on hold in 2011, citing public opposition. But residents and environmental groups have said CPI, the Chinese company behind the project, has tried to […]

Asian Firms to Target Mekong; 42pc Eye Myanmar Expansion over Ten Years: EIU

In the next ten years, companies in Asia will focus more on opening new factories and offices in Southeast Asia and less on China The business landscape in Asia will change significantly over the next decade, as companies in the region focus more on new growth opportunities in countries such as Myanmar, Vietnam and Thailand, […]