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Labour issues biggest challenge for foreign investors: UMFCCI president

LOCAL labour issues pose the biggest challenge to foreign investment in the country, said U Zaw Min Win, the President of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). “The amount of foreign investment entering Myanmar was not as much as we expected. Foreign direct investment of only US$4.5 billion flowed […]

Anti-Graft Commission, UMFCCI sign Joint Anti-Corruption Declaration

Corruption has adverse impacts on economic and administrative sectors, said Aung Kyi, Chair of the Anti-Corruption Commission, at a ceremony to sign the Joint Anti-Corruption Declaration between Union of Myanmar Federation of Chambers of Commerce and Industry and the commission on July 2 in Yangon. “It is known to all that corruption is interrelated with […]

The Clock is Ticking for Myanmar Government to Show Real Progress

Myanmar is not the only country in ASEAN which attracts foreign direct investments (FDIs), Simon Tay, chair of Singapore Institute of International Affairs (SIIA), said during the sideline interview of the 2nd ASEAN-Myanmar Forum held in the commercial capital yesterday. He added that the critical thing is to see some real progress in the next […]