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EU’s threat to scrap trade preferences spurs Myanmar’s reforms

Economic reform is getting a second wind in Myanmar as the government tries to lure back foreign investors scared away by reports of human rights abuses against the country’s Rohingya Muslim minority. The government has announced the easing of restrictions on foreign banks and the creation of a new ministry to oversee foreign investment in […]

Business confidence in Myanmar sinks as scepticism mounts

More European businesses say they have lost confidence in Myanmar due to concerns about the National League for Democracy-led government’s management of the economy compared to the last two years, a new survey shows. According to the latest survey from the European Chamber of Commerce in Myanmar (EuroCham) published yesterday, a majority of firms (81 […]

New investment ministry should be ‘substance over spin’

U Thaung Tun’s new ministry should be an effective voice of business in government, challenging line ministries on red tape while ensuring all business-related laws are properly consulted on. WITH liberalisation stalled, investor interest falling, and criticisms from the private sector increasingly vocal, the National League for Democracy-led (NLD-led) government has gone on the charm […]