Government Plans Monthly Meetings to Respond to Business Leaders

​​ RANGOON — Government leaders are planning to meet monthly with the local business community to listen to current problems and find solutions, Vice President U Myint Swe and National Planning and Finance Minister U Kyaw Win pledged last week. The first monthly meeting received a positive response. The vice president and finance minister met […]

‘Uncut Gem’ Myanmar a Lure for Singapore Businesses

Prime Minister Lee Hsien Loong had announced during his visit to Myanmar in June that citizens from both sides will not need visas to enter each other’s country for visits of up to 30 days. Currently, Singaporeans have to apply and wait for a visa, which costs at least S$35, depending on the purpose of the […]

MIC Working to Avoid Line Ministry Approval for Investments

The Myanmar Investment Commission (MIC) is working on guidelines that would allow foreign investors to avoid the time-consuming process of asking government ministries for permission under the new Myanmar Investment Law. Receiving a green light from line ministries is already a “big barrier” for investors in Myanmar, whereas dealing directly with MIC takes much less […]

Chinese investors explore Myanmar market with caution

The delegation, organized by China’s Council for Promoting South-South Cooperation, is made up of representatives from 22 companies engaged in businesses such as infrastructure construction, banking, and hydro-power equipment manufacturing. Wang Xuefei with the Zhejiang Communications Construction Group is among the 30 plus business people of the delegation. “We don’t have any projects under construction […]

Govt urges UMFCCI to Take on Larger Role in Drawing FDI, Supporting SMEs

Senior government officials have called on Myanmar’s peak business body to step up and provide both a conduit for foreign investors and a representative for small local businesses, as the country’s economy seeks new strides in liberalisation. Speaking to over a 1000 businesspeople at the Union of Myanmar Federation of Chambers of Commerce and Industry […]

Asean Infrastructure More Than Just Roads, Rails and Ports

Investment in soft infrastructure is as important as investment in hard infrastructure as the Asean Economic Community (AEC) pushes for inclusive economic growth by improving the region’s infrastructure as a whole, says Indonesia’s investment chief. “If you want to go fast you go alone, but if you want to go far you have to go […]

Govt Unveils Detailed Economic Policies

NAYPYIDAW — Long-awaited detailed economic policies were announced by the government in Naypyidaw today with State Counselor Aung San Suu Kyi pledging a secure business environment for both local and foreign investors. “I would like to invite all business people to work with us,” the state counselor said. “That is why we host this meeting.” […]

US Gems Association Eyes Trade Ties as Sanctions End

The American Gem Trade Association (AGTA) arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade. The association’s president, Jeffrey Bilgore, said the mission had been […]

Govt’s Foreign Investment Policy to be Released this Month

RANGOON – Foreign investment policy will be announced this month after President Htin Kyaw passes a revamped Myanmar Investment Law, according to secretary of the Myanmar Investment Commission (MIC) U Aung Naing Oo. Burma’s business community has been growing impatient waiting for details of foreign investment policy after criticizing the government’s 12-part overall economic policy […]