Businesses Urge Government to Ensure Careful Crafting Of new Investment Rules

Local businesspeople are optimistic that the country’s new investment law will help create a better environment for domestic and international investors. But the government needs to take care not to spoil the new legislation by making the ac The long-awaited Myanmar Investment Law passed through both houses of parliament last week. When it comes into force, local […]

MIC to strengthen data on local companies

The Myanmar Investment Commission will work with the Ministry of Planning and Finance to collect accurate data on companies operating across the country, an exercise that officials say will help the government to form better economic policies. The MIC has data on large investments and companies, but many businesses in Myanmar are only required to […]

FDI relies on politics and infrastructure

Two big barriers – electoral uncertainty and poor infrastructure – are standing in the way of further foreign investment, business sources believe.Even as more foreign investment has flooded into the country, many investors have adopted a wait-and-see attitude, they say. The Myanmar Investment Commission has already permitted about US$54 billion of overseas investment in the […]

Electricity price hike set for April 1

In an effort to reduce state spending, the Pyidaungsu Hluttaw last week voted to move forward with a plan to increase the price of electricity as of April 1 for households by as much as 42.8 percent for units used over a certain threshold, parliament announced last week. Though households will still pay K35 per […]