risk

New great powers and responsibilities in Myanmar insurance market

October 27, 2020 by Thiha

October 1 marked yet another milestone in the ongoing development of the Myanmar insurance market with two important new regulations that are interlinked. The new regulations are the latest in a series of sweeping regulatory reforms, such as the opening of the market to foreign players in 2019, flexibility in product development as well as […]

Filed Under: Latest News Tagged With: collaborating, commercial, Competitive, flexibility, Framework, government, insurance, interlinked, regulations, Responsibilities, risk, Transferred

Shipping Giant to Stop Using Myanmar’s Military-Owned Port

October 12, 2020 by Thiha

YANGON — The world’s largest shipping company, Maersk, will cut ties with the military-owned ports in Myanmar this month over allegations of war crimes against the Rohingya in Rakhine State. The Danish shipping company said it is committed to serving businesses in Myanmar as it has done since the lifting of international sanctions in 2013. […]

Filed Under: Latest News Tagged With: BCUK, community, contributing, Danish, International, Mediterranean, MEHL, Military-Owned, permanently, Portia, risk, shipping, Ventures

Myanmar’s New Gold Mine is Dinosaur Amber

July 11, 2018 by Thiha

On the discovery of the “Amber hunter” for the discovery of the Jurassic Park-style of the Dinosaurs, through the rocks of precious resin in Myanmar – an attractive business that attracts the paleontologists but in the far north the struggle for decades also fueled. Kachin revolves around the merchants using the Amber Market torch and […]

Filed Under: Latest News Tagged With: AFP, amber, Amber Market, Ancient Greece, Bangkok, Beijing, bracelet, China, Dinosaur Amber, DNA Dinosaurs, fossil trees, Global Watch Monitor Group, gold, Gold Mine, Hanna Hindstrom, honey-colored trees, human rights, jade, Jurassic Park, Kachin, Lida Xing, moral, mosquitoes, Myitkyina, Myitkyina market, Myo Swe, necklace, Northern Myanmar, Pendants, risk, ruby, SAP, trader, University of Geology of China University, Wood

Minister calls for earthquake readiness

June 6, 2018 by Thiha

Due to frequent earthquakes in 2018, the issue has become a challenge for Myanmar, said U Win Myat Aye, Union minister for Social Welfare, Relief and Resettlement. “Earthquakes have become a challenge that must be seriously addressed in Myanmar,” he said on Thursday. Myanmar was hit by 31 earthquakes in January, 13 in February, 11 […]

Filed Under: Latest News Tagged With: awareness talks and rehearsals, deaths, Earthquakes, magnitude, Myanmar, national natural disaster management committee chair, property damage, risk, Social Welfare- Relief and Resettlement, Southeast Asian nations, Tarlay quake, Thabeikyin quake, U Henry Van Thio, U Win Myat Aye, Union Minister, Vice-President

What’s new, copycat?

March 8, 2018 by Thiha

Myanmar’s designers are pinning their hopes on a new copyright law That people wear reveals as much of their personality as the cultural traits of their country. Creators and designers are not only business people making clothes or accessories for a living, but artists embellishing and also chronicling the ways of their own societies. As […]

Filed Under: Latest News Tagged With: Burmese judicial system, chair of the Designers Association, cheik longyi, copycat, copyright intellectual laws, Creators, designers, Intellectual Property, local business, Ma Myint Zu (Zu Zu’s Collections), Ministry of Religious Affairs and Culture, Mogok Pauk Pauk, Myanmar Copyright Act, Myanmar Entrepreneur Fashion Designers Association, Myanmar’s traditional cheik patterns, new copyright law, proper legal protection, risk, Thai companies, thanaka, the Burmese traditional make up, traditional patterns and designs

Crop insurance to soon be offered

June 29, 2017 by Thiha

Crop insurance, which is of vital importance in agro-centric Myanmar, will soon be available to farmers who must regularly risk floods and other natural disasters that could potentially wipe out their harvest and their income for the season. A supervision committee on private insurance enterprises announced that private insurance companies established after 2013 will be […]

Filed Under: Latest News Tagged With: agricultural department, agro-centric Myanmar, bankrupt, Cambodia, compensation, compulsory law, crop insurance, Director of Global World Insurance Company, experts, farming, Foreign Companies, Global World Insurance Company, India, insurance, international insurance markets, Japan, joint ventures, Laos, living standards of farmers, managers of the agricultural department, meteorological department, Natural Disasters, Pilot Project, private insurance enterprises, professionals, recommendation, respective village administers, risk, Russia, State-Owned Enterprises, supervision committee, Thailand, the U.S., U Soe Win Thant, Viet Nam, Yangon Region

Low risk tolerance investors waiting for results of 2015 election to invest

October 31, 2014 by andrew

According to a report by consulting firm New Crossroads Asia – low risk tolerance investors are waiting for the results of the 2015 election before investing in Myanmar. Aung Naing Oo, director general of the Directorate of Investment and Companies Administration (DICA) said there was some truth to this. “Reports that foreign companies are waiting […]

Filed Under: Latest News Tagged With: 2015 election, Andrew Tan, Aung Naing Oo, Danger, DICA, Directorate of Investment and Companies Administration, expat, F&B, middle-income household, New Crossroads Asia, opportunity, retail, risk, risk adverse

Gap Report Outlines Issues With Sourcing in Myanmar

September 3, 2014 by thiha

As the first American retailer to resume sourcing in Myanmar since U.S.-levied sanctions were eased following the country’s military rule, Gap Inc. elected to publish a report evaluating its supply chain risks to paint a picture of local conditions and aid in development of responsible sourcing practices for the Southeast Asian nation. In a voluntary […]

Filed Under: Latest News Tagged With: Banana Republic Factory, child labour, collective bargaining, Compliance, forced labour, freedom of association, GAP, low labour cost countries, Maplecroft, minimum wage, Myanmar National Building Code, Old Navy, Responsible Sourcing in Myanmar, risk, risk of sourcing garment in low labour cost countries, sourcing garment, Verisk, working hours

Myanmar is definitely not that hardest place to do business if just want to start a Service Company

November 23, 2013 by andrew

The recent World Bank’s “Doing Business”² report says that Myanmar is one of the most difficult place to do business ranking it at the bottom of the table (189 out of 189) in terms of ease of starting a business. If you look at the result it is to be expected due to more than […]

Filed Under: Featured Stories Tagged With: 189, correlation, difficult, dispel, doing business, Economic Growth, faint hearted, hardest, Myanmar, myth, ranking, return, risk, soeel, State Owned Economic Enterprises Law, World Bank

Video: Myanmar Company Incorporation – What you need to know

June 2, 2013 by andrew

Learn about the Foreign Investment Law and how it benefits capital intensive industry that incorporate in Myanmar under the new law. This is the 2nd in a 2-part video series on Investing in Myanmar. This video outlines the Myanmar Foreign Investment Law (FIL) and the role of the Myanmar Investment Commission (MIC). It highlight the […]