Foreign Direct Investment into a country is influenced by Ease of Doing Business

FDI is desired by most of the countries as it can help in boosting the economic development of the country. Therefore almost every country tries to attract the foreign investment by offering the incentive such as tax incentive, tax grace period and etc. Our neighbouring country, India had amended the Foreign Direct Investment Law in […]

Local airlines squeezed by expensive petrol and taxation

In Myanmar, there are 10 domestic airlines and 58 planes in total which are serving local and international passengers. Compared with the rest of ASEAN, flights are rather costly, according to local airlines and the Union of Myanmar Travel Association (UMTA). “During rainy season, only three out of 10 airlines can run. The main problem […]

Belt and Road should not dictate infrastructure priorities: Melvyn Pun

Beijing’s Belt and Road Initiative (BRI) should not dictate Myanmar’s infrastructure priorities despite the importance of Chinese finance, according to the head of Yoma Strategic. Infrastructure should be developed for Myanmar’s national interest. During the 2nd ASEAN-Myanmar Forum hosted by the Singapore Institute of International Affairs in Sedona Hotel yesterday, Melvyn Pun, the chief executive […]

Myanmar Company plans Thai listing

A tourism-related firm in Myanmar with expected market capitalisation of 10 billion baht is poised to raise funds from a primary listing on the Thai stock market in 2016. Twin Pine Consulting is the financial adviser, managing director Adisorn Singhsacha said yesterday. The company is considering fund-raising options for the Myanmar company. The Securities and […]

Securities rules ready for Yangon Stock Exchange

The final version of the rules and regulations for securities exchange are now ready, Deputy Finance Minister Dr Maung Maung Thein told reporters at the Yangon-based state-owned Myanma Insurance office on November 16. The rules have been prepared ahead of the opening of the Yangon Stock Exchange tabled for October 2015. “There are a total […]

Forum to help implement business reform

The newly formed Myanmar Business Forum aims to provide a space for local entrepreneurs to meet and discuss business issues with the president. The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) said that the forum, formed by private entrepreneurs and government bodies, will allow local traders to present reports and will […]

Insurance companies warned to follow rules or lose license

The Insurance Scrutiny Board has threatened to revoke the licenses of private insurance companies if they are found guilty of breaking rules and regulations. An amount of US$ 46 million needs to be deposited with the Myanmar Economic Bank to establish a private insurance company. 60 percent of the sum is used for company operations […]

Government to reduce restrictions on business sector by March

The government is planning to reduce restrictions on the business sector in March this year, Tin Maung Than, director of the Myanmar Development Research Institute/Centre for Economic and Social Development (MDRI/CESD) told a press conference on sub-national governments and business in Myanmar held at IBC yesterday. Investors who want to do business in Myanmar have […]

Channel NewsAsia launches Yangon bureau

YANGON: Channel NewsAsia held its Business Insights Seminar in Yangon on Thursday as part of the official launch of its Yangon bureau. Participants agreed that laws in Myanmar are still vague and uncertain, despite progress made in the legal environment. But many are still optimistic about the business opportunities the country has to offer. Launching […]