State Owned Economic Enterprises Law

Aik Htun: Driver turned Tycoon

December 21, 2018 by Thiha

For the owner of a business of any size, integrity is key. This is the principle that has brought U Aik Htun, one of the richest businessmen in Myanmar, through ups and downs. “The biggest secret of success is honesty and integrity,” said U Aik Htun, chair of conglomerate Shwe Taung Group, speaking in fluent […]

Filed Under: Latest News Tagged With: agricultural products, Asian Infrastructure Investment Bank, Belt and Road Initiative, BRI, Building Materials, China, dam, electricity, Energy Sector, Europe, Hledan Junction flyover, Hledan Junction flyover project, Inle Lake, integrity, International Business Promotion Centre, Junction 8, Junction City, Junction City Tower, Mandarin, Myitnge River, RCC, Real estate sector, retail shop, rich family, richest businessmen, Shan State, Shwe Taung business, Shwe Taung Group, solar power, Southeast Asia, State Owned Economic Enterprises Law, Tai ethnic, U Aik Htun, wholesale, Yangon, Yeywa Hydropower Station, Yunnan Province

Shrouded in secrecy, SOE profits are not financing country’s development

July 20, 2018 by Thiha

Reallocation of excess savings from Myanmar Gems Enterprise (MGE) and Myanma Oil and Gas Enterprise (MOGE) alone could provide more than K2.8 trillion in available financing for the government’s budget in the fiscal year starting from October, on top of covering expenses of the two state-owned enterprises. The government has lost more than US$2 billion […]

Filed Under: Latest News Tagged With: Andrew Bauer, education, Exchange Rate, Finance Ministry, healthcare, hluttaw, MEB, MGE, moge, Myanma Oil and Gas Enterprise, Myanmar Economic Bank, Myanmar Gems Enterprise, national currency, Natural Resource Enterprises, Natural Resource Governance Institute, Nay Pyi Taw, NRGI consultant, public service providers, SEE, social services, SOEs, State Owned Economic Enterprises Law, State-Owned Enterprises, Tax collectors, Treasury, Union budget, Yangon-based Renaissance Institute

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 Investment Opportunities – What you need to know

May 30, 2013 by andrew

Learn about the investment opportunities that are revealed by the new legal framework in Myanmar This is the 1st in a 2-part video series on Investing in Myanmar. This video outlines the business opportunities for foreign investors in the Reserved Sector and the Restricted Industry. Discuss about the size of investment required to be successful […]