Aussie survey finds private firms face hurdles in doing business

Red tape and access to skilled labour are significant constraints for businesses in Myanmar, according to a survey by the Australia – Asean Chamber of Commerce. Three-quarters of the respondents to the survey on Myanmar identified government bureaucracy as a significant hurdle while two-thirds identified access to skilled labour as a constraint. Respondents to the […]

‘Tone from the top’ crucial in anti-corruption: DICA

There is a lack of awareness about the transparency and corporate governance aspects of the new Companies Law, according to a senior government official, who argued for the importance of tone from the top in combating corruption. The Myanmar Centre for Responsible Business (MCRB) and the Union of Myanmar Federation of the Chamber of Commerce […]

Shan State cutting red tape to tap strategic location

Shan State’s Investment and Company Administration Department says its company registration process will be streamlined so that it can be completed in three days, instead of several months. State officials say its location – bordering China, Laos and Thailand – increases its prospects for economic development and that they expect a reduction in red tape […]

Ministry aim to cut red tape for export, import licences

The Ministry of Commerce is reviewing its policies on granting export and import licences in order to cut red tape, it said earlier this week. Exporters and importers have complained that the process is unnecessarily cumbersome and time-consuming. The World Bank’s Doing Business Report 2014 ranked Myanmar near the bottom of its index, at 182 […]

Businesses worry red tape will remain an obstacle despite reforms

Cutting red tape in line with regional standards is going to be an uphill struggle for many government departments, experts said, as the government has instructed its ministries to simplify bureaucratic procedures to meet ASEAN standards by the end of March. U Tin Maung Than, director and senior research fellow of Myanmar Development Resource Institute […]