YANGON — Myanmar’s investment agency has signed a memorandum of understanding (MoU) with the European Chamber of Commerce (EuroCham) to attract more investment from the European Union as Myanmar drafts an economic reform and recovery plan to address the impact of COVID-19. On Wednesday, the Directorate of Investment and Company Administration (DICA) and EuroCham in […]
European Firms, Local Dealers Slam Govt’s Tax-Free Car Import Scheme
February 3, 2020 by
YANGON—The European Chamber of Commerce in Myanmar (EUROCHAM Myanmar) and the Automotive Association of Myanmar (AAM) have raised objections to the Myanmar government’s decision to allow civil servants to import vehicles tax-free. The government will soon issue an estimated 34,000 new car import permits. EUROCHAM Myanmar and the AAM said at a press conference on […]
‘Tip of the iceberg’: finance minister pledges to address illicit trade
October 18, 2019 by
Smuggling is costing the government heavily in lost revenue; poor enforcement means that for every 5,000 cans of beer brought into the country illegally, only one is seized. THE ANTI-Illicit Trade Forum did not begin like your typical conference or workshop. When Minister for Planning and Finance U Soe Win and Auditor General U Maw […]
Private capital needed to fund required infrastructure
April 2, 2019 by
Unlocking investment from the private sector is necessary for Myanmar to fund its building of transport infrastructure, speakers at a construction sector forum said. Bankability and risk-sharing would be the two key criteria to incentivise businesses to take part. Recently, the European Chamber of Commerce Myanmar (EuroCham) held the first construction forum in Yangon. The […]
Myanmar steps up financial reforms
January 7, 2019 by
The government of Myanmar is finally putting its long-anticipated plans for economic liberalisation into overdrive. In the past few weeks it has announced numerous reforms — including insurance liberalisation and further easing of restrictions on foreign banks, the establishment of a credit rating bureau and the formation of a “project bank” to encourage investment, especially […]
Business confidence in Myanmar sinks as scepticism mounts
December 18, 2018 by
More European businesses say they have lost confidence in Myanmar due to concerns about the National League for Democracy-led government’s management of the economy compared to the last two years, a new survey shows. According to the latest survey from the European Chamber of Commerce in Myanmar (EuroCham) published yesterday, a majority of firms (81 […]
Joint Chambers Networking with British Chamber and EuroCham on 21st Feb 2017
February 15, 2018 by
Join the British Chamber and EuroCham for an evening of socialising at StarCity poolside, with free flow of wine and light canapes. Scania will provide return transportation from three hotels in the city (Melia Hotel, Chatrium and The Strand hotel). Outgoing buses will leave at 5.45pm for Melia and Chatrium Hotel and 6pm for the Strand returning between 8.30 and 9pm . […]
Businesses demand quicker reforms, policy clarity in 2018
January 2, 2018 by
After a somewhat “disappointing” 2017 for the private sector, during which key economic legislation failed to take shape as expected, leading businessmen and chambers of commerce have urged Nay Pyi Taw to be more decisive and efficient in implementing reform in 2018. Moving forward, the business community wants to see stronger leadership and direction from […]
