Myanmar entrepreneurs and Thai events companies have agreed to cooperate in developing Myanmar’s young expo event industry, after a meeting in Yangon late last month. This was the first time a international events organisers have met with local entrepreneurs in Myanmar with plans to hold more meetings in other ASEAN countries. “Companies from Thailand […]
New Investment Law Rules to be Announced in March
February 7, 2017 by
RANGOON — Burma’s Directorate of Investment and Company Administration (DICA) will announce new regulations for the national investment law in early March, in time for the start of the 2016-2017 fiscal year, according do a senior DICA official. The current Foreign Investment Law and Citizen Investment Law—known together as the Myanmar Investment Law—were enacted […]
The Budget: What Do Taxpayers Want?
February 6, 2017 by
\ In Nay Pyi Taw, preparations are now well advanced for finalising the budget and Union tax law which will establish the Government’s revenue-raising and spending priorities for the 2017-18 financial year. It is an annual event that always encourages advance speculation. But this year it is being more eagerly anticipated than usual because it […]
Amendments to Myanmar Companies Act up for Parliamentary Discussion
January 19, 2017 by
RANGOON — Suggested amendments to the Myanmar Companies Act have been written and submitted by the Ministry of National Planning and Finance to the government for discussion in upcoming Union Parliament sessions. The Myanmar Companies Act was established in 1914, when Burma was under British rule. The National Planning and Finance Ministry has, in […]
Light Manufacturing to Lead Way in Foreign Investment
January 3, 2017 by
RANGOON — Burma’s light manufacturing sector will lead the way in foreign direct investment in 2017 although investor concerns over the country’s infrastructure persist, according to the local business community. Foreign investors visiting in the last year had questions over energy supply, transport and land issues and heavy industry manufacturers are hesitant to invest, […]
Myanmar Firms Ponder Change As US Sanctions End
November 1, 2016 by
The end of US sanctions on Myanmar is forcing local businesses to take a hard look at their operations and consider how they will compete when international firms have gained a significant foothold in the country’s major industries, local economists and entrepreneurs have said. “People have said the reason Myanmar produces lower quality goods is […]
New Investment Law Hailed as ‘Essential’ to Development
October 18, 2016 by
Business leaders have welcomed the approval of a new investment law that they hope will cut red tape and bring an end to concerns that foreign and local businesses are being treated differently. The Upper House approved the Myanmar Investment Law without amendments last week, and the legislation is due to come into effect in […]
Govt’s Foreign Investment Policy to be Released this Month
October 17, 2016 by
RANGOON – Foreign investment policy will be announced this month after President Htin Kyaw passes a revamped Myanmar Investment Law, according to secretary of the Myanmar Investment Commission (MIC) U Aung Naing Oo. Burma’s business community has been growing impatient waiting for details of foreign investment policy after criticizing the government’s 12-part overall economic policy […]
Commission Approves 13 Foreign Investment Proposals During New Govt Term
August 8, 2016 by
RANGOON — The newly re-formed Myanmar Investment Commission (MIC) approved 13 foreign investment proposals and nine local investments over the last two months, a figure significantly lower than the same period in 2015, Aung Naing Oo, secretary of the MIC, told The Irrawaddy. Since the MIC was re-staffed in early June under the chairmanship of Kyaw Win, […]
