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IFC, UMFCCI work to improve food safety in Myanmar

IFC, a member of the World Bank Group, signed an agreement with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) to help food sector companies address and improve food safety practices. Another goal is to develop the country’s agribusiness sector to increase exports, draw investments, and generate jobs. According to IFC, […]

A New Harbinger of Good Governance – Myanmar’s Institute of Directors

This week marks the launch of an important market institution – the Myanmar Institute of Directors (MIoD), the first independent, private sector-led organization promoting best corporate governance standards and practices in the country. This is a significant step in Myanmar’s ongoing market reforms and sends a strong signal to the global business community the country’s […]

IFC, Myanmar Introduce ag Guidelines and Protocol

YANGON, MYANMAR — The International Finance Corp. (IFC) has partnered with the Department of Agriculture of Myanmar’s Ministry of Agriculture, Livestock and Irrigation (MoALI) to introduce guidelines geared toward improving the productivity and profitability of farmers through sustainable farming. The Good Agricultural Practices (GAP) Protocol and Guidelines specifically cover 15 crops, including rice and peanuts. […]

Myanmar army moves worry China

Since the Kofi Annan Commission on Rakhine state announced its recommendations a month ago, Aung San Suu Kyi has been insisting that her government is committed to implementing them. As a part of this plan, a ministerial-level committee to monitor progress on the implementation of the commission’s recommendations has been formed. But the government has […]

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 […]