A New Law to Bring Major Reforms to Myanmar Corporate Sector

Myanmar is undergoing significant economic liberalization and reforms designed to promote economic growth and investment. Now is also the time to undertake the legal reforms required to support economic liberalization – reforms in regulation of companies that have occurred in many neighboring countries in our region undergoing significant economic growth. These reforms in company law […]

In Myanmar, the AIIB Could Buttress China’s ‘One Belt, One Road’ Framework

The Asian Infrastructure Investment Bank could come to play a greater role in Myanmar. Is the Asian Infrastructure Investment Bank (AIIB) just another vehicle for spreading Chinese geoeconomic primacy throughout the Asia-Pacific? Earlier this year, reflecting on the bank’s first projects, I argued that such fears were overwrought. The AIIB, with modest partnership-based undertakings along with […]

Myanmar accedes to CLC Protocol

Myanmar has deposited its instrument of accession to the 1992 Protocol to the International Convention on Civil Liability for Oil Pollution Damage (CLC). The efforts to bring the legislation into national law followed the participation of Myanmar at a five-day workshop hosted by IMO in November 2015, during which Government officials from Myanmar gained insight […]

Sembcorp has one foot in the door of Myanmar’s promising utilities market: analysts

It’s building a US$300m gas power plant in Myanmar. Sembcorp Industries plans to make a deep mark in the Southeast Asian country, starting with building the biggest gas-fired independent power plant in Myanmar. According to a report by RHB Research, it will own 80% of the power plant, with 20% going to MMID Utilities. “With […]

NLD govt faces daunting task in reforming ruined universities

YANGON (Myanmar Now) – On a recent April morning, Aung Kyaw Soe got off the bus near the University of West-Yangon after spending some 2 hours in traffic to reach the campus located on the city’s outskirts. “When we take the public bus to the university we break out in a sweat and are not […]

British MP-Elect ‘Proud’ of Burma Heritage

LONDON — One of the most heated debates in the run-up to parliamentary elections in the United Kingdom last week was the country’s policies toward immigrants, with some voices calling for a less welcoming approach toward foreigners who want to make Britain their home. As wider Europe grapples with the issue, one man stands as […]

As China slows, can Myanmar benefit?

THE news out of China is about a “new normal” of slower economic growth – down to about 7 percent. But at the recently concluded 2015 Asia-Pacific Council of American Chambers of Commerce (APCAC) held in Singapore, the focus was on the growth potential of the 10 nations comprising the Association of the Southeast Asian […]

Removing Barriers to Doing Business Will Help Create a Strong Private Sector in Myanmar

NAY PYI TAW, Myanmar, March 24, 2015—Access to finance is the top constraint for private enterprises as Myanmar’s economy undergoes market-oriented reforms after emerging from decades of isolation, and addressing this and other challenges will help create a strong private sector to drive the country’s future growth and create much-needed jobs, the World Bank Group’s […]

Myanmar kicks off investment law modernisation

Until March 26, the Myanmar government will welcome civil society consultations on a new investment law, which will combine the Myanmar Citizens Investment Law and the Foreign Investment Law. Titled “The Investment Law of the Republic of the Union of Myanmar”, the law was drafted in cooperation with the World Bank’s financial arm, the International […]

Foreign investment in Myanmar hits over 3 bln USD in first half of FY 2014-15

Foreign investment in Myanmar hits over 3 bln USD in first half of FY 2014-15 YANGON, Feb. 25 (Xinhua) — Foreign direct investment in Myanmar hit 3.676 billion U.S. dollars in the first half (April- September) of the fiscal year 2014-15, according to the Foreign Investment Commission Wednesday. The commission told the ongoing parliament that […]