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 […]
Shipping Giant to Stop Using Myanmar’s Military-Owned Port
October 12, 2020 by
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. […]
Crop insurance to soon be offered
June 29, 2017 by
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 […]
Low risk tolerance investors waiting for results of 2015 election to invest
October 31, 2014 by
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 […]
Myanmar is definitely not that hardest place to do business if just want to start a Service Company
November 23, 2013 by
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 […]
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