Foreign Investment in Agriculture Rests on Policy Support, Innovation, Says Dentons

Myanmar’s agri­cultural sector is ‘very close’ to seeing an uptick in for­eign investment but only if the government contin­ues providing policy sup­port and if investors are willing to ‘innovate’, ac­cording to the Myanmar resident partner of the world’s largest law firm. After decades of neglect, Myanmar’s largest indus­try lags well behind that of regional neighbours […]

Companies in Myanmar Express Concern About Regulation, but Optimism Remains: Survey

​​ Companies in Myanmar expressed concerns about government regulation and policy, despite showing optimism for future growth, in a recently completed survey, said Thomas Klotz Tuesday morning at a press conference in Yangon. Klotz, the Managing Partner for Southeast Asia for Roland Berger, the German consulting firm that conducted the survey, said, “Seeing from our […]

HelpAge invites open tender for consultants to submit EOI for delivery of the assignment; Closing Date; Dec 6, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Terms of Reference – Policy Mentoring International Consultant Myanmar is facing a disease transition towards increasingly greater burdens from non-communicable diseases (NCDs), in contrast to burdens that were previously dominated by communicable diseases and maternal/neonatal and nutrition disorders. […]

Embattled Motor Vehicle Law to Become Public in September

In order to inform the public about the draft Motor Vehicle Law, the Myanmar Motor Vehicle Producers and Distributors Association will publish a draft of the law by the end of September. Comments and suggestions from the public will be allowed to revise the draft law, Dr Soe Tun, chairman of the association, said. “The […]

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 […]

Tyred out: importers say tax policy favours used cars

Almost all of the cars imported to Myanmar last year were second-hand, due to a high tax on brand-new vehicles. The government should reconsider its policy relating to the import of new cars, say businesspeople. “As far as I know, most Myanmar citizens import used cars. According to the records from last year, brand new […]

Influx of tourists can negatively impact Myanmar

Myanmar will not reap long-term benefits in opening up the country for tourists, if there is lack of policy to safeguard the environment, society and human rights, said a report. Released Friday, the report entitled “Myanmar Tourism Sector-wide Impact Assessment” said an influx of tourists can negatively impact Myanmar’s tangible and intangible cultural heritage.  “There […]

Govt to Push Left-Hand Steering Wheels on Future Car Imports

YANGON — The government plans to carry out a policy encouraging vehicle imports manufactured with left-hand steering columns, in an apparent effort to phase out their right-hand counterparts, which currently predominate on Myanmar’s roads and pose safety risks. Commerce Minister Win Myint told Parliament on Monday that the policy would take effect next year, though […]

Rewrite of Companies Act still in process, ADB says

US law firm Baker & McKenzie joins process of amending century-old legislation seen as key to making it easier to do business in Myanmar The update of the century-old Burma Companies Act is still in process, more than a year after the Ministry of National Planning and Economic Development said the 1914 piece of legislation […]

Central Bank to ease branch restrictions

The Central Bank of Myanmar is planning to make it easier to open bank branches, according to sources in the industry. Currently banks need total paid-in capital of K100 billion (US$102 million) as well as K700 million for each branch to expand, though with the country thought to be underbanked, insiders say they advocate easing […]