Rakhine State has received over Ks760 million from the Shwe gas project and over US$0.8 million from the Southeast Asian oil and natural gas project for its education and basic infrastructure sectors, according to a report of a committee on implementing recommendations on Rakhine State. The report said the investment committee had been formed on […]
Myanmar needs to modernise small farms to rev up sluggish sector
August 8, 2017 by
The London-based Oxford Business Group (OBG) said the modernisation of the small farm production “will require investment, policy reform and harmonisation between the government, the private sector and the civil society.” The think-tank also underscored the need to focus more in educating the farmers as well as in research and development. “According to the Ministry […]
New Companies Law Submitted to Parliament
July 24, 2017 by
NAYPYITAW — The Myanmar government submitted a draft of the new Myanmar Companies Law to the Upper House on Thursday. The draft law combines elements of the Myanmar Companies Act of 1914 and the Special Companies Act of 1950, reworked in hopes of attracting foreign investment, said Deputy Minister for Planning and Finance U Maung […]
Fiscal Year 2017-18: a New Dawn for Economic Policies
March 29, 2017 by
The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]
Myanmar boosts incentives for infra development, labour-intensive projects
January 12, 2017 by
THE MYANMAR Investment Commission, a government body to facilitate both foreign and local investment, has planned plans to provide more incentives for investors in the two areas that are crucial to the country’s growth, labour-intensive industries and infrastructure development, a senior official said. According to Aung Naing Oo, secretary of Myanmar Investment Commission and director […]
Foreign Investment Surge Not Felt in Local Banks
December 16, 2016 by
The government needs to monitor whether foreign investors are using their money or not as foreign currency has yet to inflow into local banks, Khin Maung Aye, chair of Myanmar Bank Association. “Foreign investors are bringing their investment into the country at a time when the Myanmar Investment Commission is giving the green-light to […]
Navigating Myanmar’s New Business Landscape
November 7, 2016 by
SINGAPORE (Nov 1): As Myanmar undergoes a democratic transition, three trends are emerging from its new investment landscape under the new government, says OCBC in a report, This includes the Myanmar Investment Law which could be a game changer for businesses, both foreign and local. The first trend analyst Terence Wu notes is that manufacturing […]
Lower house passes Myanmar’s long-awaited Investment Law
October 4, 2016 by
The lower house of parliament approved the Myanmar Investment Law yesterday, taking the long-awaited draft a step closer to becoming law. The legislation, which combines into one document the Myanmar Citizens Investment Law and the Foreign Investment Law, now moves to the upper house for consideration. The Myanmar Investment Commission (MIC) began working on a draft of the law […]
MIC to remain under ministry control
July 7, 2016 by
Myanmar’s new government will not allow the Myanmar Investment Commission to become an independent entity, but the MIC is planning to amend its policies to relax investment restrictions and direct more capital flows into manufacturing, its secretary U Aung Naing Oo has said. There have been discussions about an independent MIC for several years. U […]
