Myanmar climbs six spots in world bank ease of doing business ranking

Myanmar moved up six places to 165th on the World Bank’s 2020 ease of doing business ranking in the bank’s latest report, which cites several reforms including creating an easier environment for starting a business and greater protections for minority investors. On Thursday, the World Bank’s latest report on ease of doing business ranked documented […]

State Counsellor opens Invest Myanmar Summit 2019 with keynote speech summarizing Myanmar’s economic, investment progress

Opening Salutations It gives me great pleasure to welcome you to the 2019 Invest Myanmar Summit and to see so many investors and business people, representing a wide range of industries, sectors, interest groups, and organisations, here with us today. I am confident that this Summit — the first of its kind in Myanmar — […]

World Bank downgrades Myanmar’s GDP forecast, flags rising risks

Myanmar is forecast to grow at a slower pace of 6.2 percent this year compared with 6.8pc in the previous year, according to a report by the World Bank released yesterday. While prospects for the economy are positive over the longer term, the risks to growth for the coming year have also risen. In that […]

Only the military can reform Myanmar

Despite the widespread and rapid normalising of relations with Naypyidaw over the past three years, the US (and the West in general) has been reluctant to engage the country’s military — the Tatmadaw. But the recent signing of the US National Defense Authorization Act for 2015 facilitates the gradual opening of military-to-military relations between the […]

Panel Deals Blow to Suu Kyi’s Chances of Becoming President

Nobel laureate Aung San Suu Kyi’s hopes of becoming Myanmar’s president next year have been dealt a blow when a parliamentary committee voted not to change a constitutional clause that bars her from the post, two of the panel members said. The committee tasked with recommending amendments opted to retain the section that prevents anyone […]

U.S. Ex-Im Bank Opens for Business in Myanmar

The U.S. Government has taken another important step in helping to reintegrate Myanmar (referred to as Burma for official purposes) into the global economy. On February 6, 2014, the Export-Import Bank of the United States (Ex-Im Bank) announced the opening of financial support for qualified short-term and medium-term U.S. export sales to Myanmar. Over the […]

SingPost launches remittance services to Myanmar

Singapore Post (SingPost) has launched remittance services to Myanmar, it said on Wednesday. The post services provider is partnering four commercial banks in Myanmar, such as Asia Green Development Bank, Cooperative Bank, Kanbawza Bank and Tun Foundation Bank. SingPost said it is one of the first postal service provider in the world to offer remittance […]

Business Friendly Environment, Myanmar-style

How easy is it to do business in Myanmar? The World Bank and the International Finance Corporation have for the first time added Myanmar to their annual ranking of business-friendly countries around the world. The 2014 Doing Businessreport examines the legal and regulatory environment in 189 economies. Overall, the trend around the world is towards […]