US Gems Association Eyes Trade Ties as Sanctions End

The American Gem Trade Association (AGTA) arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade. The association’s president, Jeffrey Bilgore, said the mission had been […]

Myanmar works for formulating policy framework for foreign investment in agriculture

YANGON, May 31 (Xinhua) — Myanmar government is working closely with the 34-nation Organization for Economic Cooperation and Development (OECD) to formulate a policy framework to boost foreign investment in the agricultural sector, official media reported Sunday. OCED officials were quoted as saying that allowing foreign ownership of land and creating a legal framework to […]

Myanmar urged to prioritise long list of reforms

Property rights are not well-established in Myanmar and land confiscation is a major concern among foreign investors, according to a report by US Department of State. In its 2015 Investment Climate report, the government’s limited capacity was highlighted. Myanmar is urged to prioritise its long list of desired reforms, to focus on matters that concern […]

For foreign lenders, Myanmar is no zero-sum game

SINGAPORE – A Foreign bank setting up a branch in Yangon must take its first step together with eight other lenders, all eager to tap a country that has been in isolation for more than 50 years. But international lenders noted that co-operation, not direct competition, will serve the greater good for now. “Competition among […]

Myanmar to draft two new investment laws

Japan remains committed to Myanmar Japanese companies invested US$22.8 billion in Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam in 2013, according to the Japan External Trade Organisation (JETRO). The trend is strong, following the first wave of Japanese investment in the 1980s and 1990s, which helped build up automotive and electronics sectors in Thailand, […]

Corporate rules need improving

Strong corporate governance is essential for companies to succeed on the Yangon Stock Exchange when it launches – and local companies have a lot to do to be up for the challenge. The market is slated to launch in the third quarter 2015, and whether it survives depends on corporate governance, or the processes businesses […]

As Myanmar Opens Up to the World, Corporate Behavior Is Under Scrutiny

Most observers agree that international business must play a large role in Myanmar’s economic transformation, but there is not yet a consensus on how this should occur. Should additional obligations be placed on international firms over and above compliance with any (voluntary) international codes of conduct under the United Nations or the OECD? How much […]

Stock market plans hit by weak corporate governance levels

Coorperate governance could be the largest barrier to setting up a robust capital market centred on a planned 2015 stock exchange, according to experts. Although there are about 200 public companies currently operating in Myanmar, only about five currently have high-enough governance standards to meet the disclosure rules that will come with the exchange, said […]

Investment Commission Could Have Wings Clipped

The Myanmar Investment Commission (MIC), the body that vets would-be foreign investors into Burma, could have its discretionary powers curbed as part of a review of investment policy being undertaken by the Burma government and the Organization for Economic Co-operation and Development (OECD). Dr Khin San Yee, Burma’s Deputy Minister of National Planning and Economic […]

Israel aims to make its mark in Myanmar

Since the recent opening up of the country, Myanmar has been receiving tremendous interest from investors, conglomerates and countries around the world who are vying for a piece of the last frontier in Asia. The US and EU governments have been making attempts aggressively to normalize their relations with the former pariah nation by lifting […]