NLD calls bureaucracy ‘stumbling block’ in reforms

A spokesperson for the ruling party has blamed “some in the bureaucracy” for the country’s poor economic reform, saying excessive redtape is a “stumbling block in Myanmar’s democratic transition”. U Myo Nyunt, spokesperson of the National League for Democracy (NLD) party, made the comments during an interview with Chinese media group Caixin’s subsidiary publication Globus […]

Businesses “wait and see” as govt plans for GAD transfer

The business community will “wait and see” if the transfer of the General Administration Department (GAD) to civilian control improves the bureaucracy and regulatory environment for those doing business outside major cities. The President Office last week announced that the GAD under the military-controlled Ministry of Home Affairs is set to be shifted to the […]

More Singapore firms planning to invest in Myanmar in next two years

Singapore companies have big plans to expand in ASEAN over the next two years and Myanmar, with its growth potential and overall investment climate, is on the cards for many, according to a recent survey by the Singapore Business Federation (SBF). The survey, conducted from December 2017 to March 2018, collected views from 1036 Singapore […]

Mandalay modernises chamber in bid to draw investments

THE business chamber in Mandalay, Myanmar’s northern economic hub, is undertaking modernisation through a partnership programme with a regional chamber of commerce in Germany. The German IHK Reutlingen (Industrie und Handelskammer Reutlingen) is currently undertaking a three-year agreement with the Mandalay Region Chamber of Commerce and Industry (MRCCI) to restructure the latter and modernise its […]

Misinterpreting diplomatic (or rather economic) dividends

A recent piece by Tantowi Yahya, a member of the House of Representatives titled “Foreign policy versus Indonesia Inc.: Time to reap diplomatic dividends” correctly exposed some of Indonesia’s past diplomatic successes that should have yielded better economic outcomes. Unfortunately his analysis failed to capture the “real” problem — reaping diplomatic, or economic, dividends from […]