Business / Trade


Myanmar has improved its business regulatory environment over the past year through reforms on business registration and the enactment of a law that allows the establishment of a new credit bureau, finds the World Bank Group’s annual Doing Business report.

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President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun said here on Tuesday that the AIIB is looking forward to promoting infrastructure in Myanmar.

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State Counselor Daw Aung San Suu Kyi reassured some of Burma’s most prominent tycoons that their place in Burma’s economy and society was secure, so long as they backed government policy, left themselves open to scrutiny, and “worked for others.”

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A consortium with links to a Burmese company previously on the US blacklist and including an international energy company affiliated with the former US Secretary of State Madeleine Albright will work to alleviate Rangoon’s electricity woes.

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Over the past 20 years we have witnessed huge changes in the country. But this year, we have perhaps the biggest change of all with the move to a democratically elected government. There can be no doubt that the National League for Democracy earned a huge mandate from the people.

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The International Finance Corporation (IFC), a member of the World Bank Group, is lending up to $13.5 million to United International Group Limited, a leading domestic hotel owner and operator in Myanmar, to expand United International’s hospitality business, the IFC said in a statement.

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Aung San Suu Kyi on Saturday set out to promote an overhauled investment law to a new generation of smaller businesses that her government hopes will one day dilute the influence of Myanmar’s old military-linked oligarchs.

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Myanmar leader Aung San Suu Kyi on Saturday made a pitch to foreign investors, promising a clearer legal framework and opportunities in untapped economic sectors, two weeks after U.S. President Barack Obama lifted most sanctions on the country.

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Dow Water & Process Solutions (DW&PS), a business unit of The Dow Chemical Company (NYSE: Dow) yesterday introduced its global leading water treatment technology for the Myanmar market, the company said in a statement.

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The Ministry of Hotel and Tourism and the Asia Development Bank (ADB) have agreed to cooperate to implement the project, while respective technical assistance and methods will also be provided for the improvement of quality local handicrafts and food products.

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Following his initial announcement on September 14 alongside State Counsellor Daw Aung San Suu Kyi during her US visit, US President Barack Obama on October 7 signed an executive order terminating the remaining US sanctions against Myanmar.

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The long-awaited Myanmar Investment Law was signed into being by President U Htin Kyaw on Tuesday after both houses approved the bill earlier this month.

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Bangkok-based fintech company TrueMoney has launched a funds transfer service that aims to capitalise on the millions of Myanmar migrant workers in Thailand who need to send money home.

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A new investment law has been rushed through Burma’s Parliament, with the Upper House giving its approval on Oct. 6. According to the Myanmar Investment Commission, the law is expected to take effect soon.

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For the 4th time running, Myanmar’s Ministry of Electricity & Energy is the official host of CMT’s 4th MOGP summit to be held at the Melia Yangon this November 17-18, according to a recent statement.

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Looking north from Myint Win’s farm, across rice paddies and past bamboo huts, a massive new industrial development on the outskirts of Myanmar’s biggest city gleams in the distance.

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State media recently reported that the Yangon Region government had cancelled a plan to allow the import of frozen chicken meat from abroad. Several months ago, Yangon Region Chief Minister U Phyo Min Thein had proposed allowing imports in an effort to bring down the market price of chicken and make it more affordable.

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A third of 100 big Myanmar companies do not have an official website where data related to corporate governance is published, according to the latest transparency ranking by the Myanmar Centre for Responsible Business, highlighting the deep-rooted opacity of the country’s corporate culture.

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Its embrace can bring wealth beyond measure, or instant death. It is a magnet for the most impoverished migrant workers and the most ruthless exploiters. Its haunts are a cauldron of armed conflict beyond the law of the land. In what could be one of its most challenging tests, how will Myanmar’s democratic government deal with the green curse of jade?

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The end of long-standing U.S. sanctions on Myanmar companies linked to the former military government is cause for celebration in both countries, opening up a slew of previously off-limits business and investment opportunities.

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