Familiar names featured among the top ranked companies in the latest Pwint Thit Sa report on corporate governance and transparency, which for the first time assessed the performance of leading state-owned economic enterprises. The fifth Pwint Thit Sa report by the Myanmar Centre for Responsible Business, completed in partnership with business consultancy, Yever, assessed information […]
DICA’s anti-corruption rules not clear on donations or political contributions
August 10, 2018 by
In their latest drive to tackle corruption, the government released a code of ethics prohibiting businesses from bribing officials, but it remains unclear what a company and charities and individuals associated can and cannot do. A non-profit organisation urged Nay Pyi Taw to consult experts and require companies to set up a code of conduct […]
National Mining Policy Needs Total ‘Rethink,’ Report Finds
March 15, 2018 by
CHIANG MAI, Thailand — Myanmar needs a new mineral resources policy and fresh laws developed through a transparent and consultative process if the mining sector is ever to be sustainable, the Myanmar Center for Responsible Business (MCRB) said at the launch of a sector-wide impact assessment (SWIA) report on March 8. The fourth SWIA based […]
The role of AustCham Myanmar in the Myanmar economy
December 12, 2017 by
Australia is proving an important and growing trading and investment partner for Myanmar. The bilateral trade between Australia and Myanmar reached US$144 million in 2016, according to Myanmar’s Ministry of Commerce. Ms. Jodi Weedon is CEO of the AustCham Myanmar (Australia-Myanmar Chamber of Commerce), which was set up in March 2013. In a recent interview […]
Children’s rights bill inconsistent over child labour regulations
August 25, 2017 by
Sections within the draft law are inconsistent over the minimum working age, and child employment in many sectors remains unregulated A children’s rights draft law introduced to Pyidaungsu Hluttaw on July 7 fails to address inconsistencies between existing domestic laws regarding child employment and the legal minimum working age. The bill does not tackle grey […]
Japanese Businesses Express no Interest in Dawei or Kyaukphyu SEZ
July 8, 2017 by
Interview with Katsuji Nakagawa from the Japan Chamber of Commerce and Industry in Myanmar Japanese businesses have not indicated any interest in Dawei SEZ or Kyaukphyu SEZ, and see the lack of reliable power supply as the biggest challenge in Myanmar, the chair of the Japanese Chamber said. Katsuji Nakagawa, chair of Japan Chamber of […]
Transparency, Ongoing Disclosure Crucial for Stakeholder and Investor Confidence
June 24, 2017 by
Transparency and disclosure practices are crucial for businesses seeking to build trust with stakeholders, attract investors and ensure accurate media reporting, experts in a corporate governance forum have said. The International Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) organised a forum at the Yangon […]
China’s $10 billion strategic project in Myanmar sparks local ire
June 13, 2017 by
KYAUK PYU: Days before the first supertanker carrying 140,000 tonnes of Chinese-bound crude oil arrived in Myanmar’s Kyauk Pyu port, local officials confiscated Nyein Aye’s fishing nets. The 36-year-old fisherman was among hundreds banned from fishing a stretch of water near the entry point for a pipeline that pumps oil 770 km (480 miles) across […]
Myanmar better off in good graces with the West
Two developments stood out in Myanmar’s international relations landscape in 2017: The increasing Chinese influence in the country and the immense diplomatic pressure from international community on the government’s handling of the Rakhine crisis. Analysts cautioned Myanmar against overdependence on China for its development and urged the country to mend ties with the West to […]