Scotland’s Energy Expertise, Whisky and Tech Embrace Myanmar Amid Brexit

Scotland and Myanmar boast historic links which dates back to 1886, when a Scottish firm arrived in then-Burma to drill oil. That connection is still relevant to this day, as Scotland’s expertise on oil and gas has a lot to offer for the Southeast Asian country. But the relationship has transformed – Scotland’s traditional products, […]

China-led AIIB plans to limit investment in coal power

In a bid to live up to its environmentally friendly values, the Asian Infrastructure Investment Bank (AIIB) is planning to adopt strict limits to investment in coal power. Launched by China as a “lean, clean and green” lender to invest in infrastructure projects in Asia, the AIIB opened for business a year ago with 57 […]

A Myanmar Success Story

​​ MYANMAR’S re-engagement with the world inspired investment banker Aye Thiha to leave New York and return home in 2011. His own business has flourished since and he still sees new opportunities flowing in. “My family coerced me to return and after eight years. I thought I was done with being an investment banker,” said […]

IFC to Help Myanmar Develop a Secured-Transactions Framework

IFC, a member of the World Bank Group, is helping Myanmar’s government to develop a secured-transactions framework that will allow businesses, especially micro, small, and medium enterprises (MSMEs), to access finance by offering movable assets as collateral, IFC said in a statement on 5 November. This will unlock significant financing for MSMEs, for whom lack […]

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 […]