Commit-and-Act Approach Expected Among Investors

Despite the 30 percent drop in FDI compared to the preceding year, the inward FDI in the financial year 2016-17 was moderately satisfactory, with US$6.6 billion. That amount mainly derived from the transport and communications sector. The sector alone attracted US$3 billion FDI, making it the top sector in terms of FDI. However, it is […]

Myanmar opens Thilawa SEZ to foreign insurers

Myanmar is opening up its Thilawa special economic zone near Yangon to international insurance companies — part of a market liberalization effort expected to gain momentum this year. The government does not allow foreign insurers to offer their services outside of Thilawa — a Myanmar-Japanese joint venture and the country’s only operational SEZ. Only three […]

Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

K30b Request to Boost Yangon Power Approved

​​ A request of K30 billion from the special reserved fund, granted by Budget Law of the Union 2016, to be spent for supplying the electricity power shortage in Yangon Region during the summer season was approved by the Pyidaungsu Hluttaw on March 17 amidst complaints by some MPs about poor electricity conditions in their […]

MIC divides country into three categories

The Myanmar Investment Commission has established three development categories, offering different income tax exemptions depending on the level of development. Under the Myanmar Investment Law, the least developed zones include 14 townships in Kachin State, seven each in Kayah and Kayin, nine in Chin, 35 in Sagaing Region, four in Tanintharyi, five in Bago, 13 […]

Law needed to regulate Thai investors’ abuses abroad: Thai, Myanmar groups

Some 27 Thai non-government groups and the Dawei Development Association (DDA), a communal rights group in Myanmar, issued statements yesterday urging the Thai and Myanmar governments, plus Thai companies to follow the United Nations Guiding Principles on Business and Human Rights and international rights treaties. The groups said rising investment by Thai companies in neighbouring […]

Invitation for Bids for Supply of Solar PV System for National Electrification Project

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Myanmar National Electrification Project Credit No. 5727-MM Contract Title: Supply, Installation and Maintenance of Solar PV System for Households and Public Facilities Reference No. S&I – 2 (12 lots) 1. The Government of Myanmar has received financing […]

Myanmar officials say work on Dawei SEZ could restart

Plodding progress is being made on the long-delayed Dawei Special Economic Zone, according to Tanintharyi Region government officials, who are hoping the project will restart soon. Regional government officials visited Japan last month to discuss that country’s potential participation in the SEZ and reported strong interest, the Myanmar Times reported on Thursday. Tanintharyi Region chief […]

Impact of Agricultural Investment in Myanmar

After years of international isolation, Myanmar is liberalizing its economy and seeking to attract growing levels of foreign investment. Agriculture currently plays a crucial role in the country’s economy and more than 60 percent of the population depend on agriculture for their livelihoods. The Government of Myanmar (GoM) has acknowledged the need to support smallholders […]

Wave Money Set for Ambitious Growth in Myanmar

WAVE MONEY, the first company to be awarded a licence under Myanmar’s mobile financial services regulations, is planning for ambitious growth in the country, according to Vibeke Siljan Krohn, the firm’s head of sales, marketing and distribution. Krohn said the company was focused on the mass market with the goal of providing mobile financial services […]