The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration.
The UK invested... [ More ]
Yet this space is highly contingent on a number of volatile factors: the goodwill of the current President and his associates in Parliament, the ability of Aung San Suu Kyi to assure the... [ More ]
If the 10-nation ASEAN bloc is to double its economy by 2020, then a large thrust of the growth rate will be coming from Myanmar.
According to consultancy McKinsey Global Institute,... [ More ]
Myanmar was one of East Asia’s fast growing advanced economies in the early 20th century. But decades of isolation took its toll and Myanmar was left out of the region’s remarkable... [ More ]
Recognising Myanmar's enormous growth potential and to support businesses entering this emerging nation, Colliers International has opened a new office in Yangon. Tony Picon has been appointed as Managing Director, Myanmar, Colliers International.
This is a strategic expansion of Colliers, which continues to grow its geographic coverage. Colliers now operates 39 offices in 14 countries throughout Asia.
"Colliers is the first global real estate services firm to enter the Myanmar real estate...
RANGOON — Work on a replacement for Burma’s controversial and draconian Electronic Transactions Law has begun, according to information technology sector insiders in the former military-ruled country.
“We are preparing a new Electronic Transactions Law, which will be different from the old one,” said Myint Myint Than, director of the Myanmar Computer Federation (MCF), a government-linked industry organization.
The current law, one of the more garish relics of Burma’s five...
Allen & Overy (A&O) has advised Norwegian telecom company Telenor in winning one of the first two licences for foreign companies to provide telecommunications services in Myanmar.
A&O’s Bangkok managing partner Simon Makinson led the team that advised Telenor in its bid for the license. The firm’s Bangkok office has also worked for Thailand’s major mobile phone provider Digital Total Access Communication (DTAC), of which Telenor is a majority shareholder.
A&O is a long-standing...
The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration.
The UK invested over US$2659.954 million in March 2011, and the investment is increased to over US$3045.434 million in June 2013. China is still the biggest investor in Myanmar with more than US$14 billion. The UK is standing in 5th place behind China, Thailand, Hong Kong and South Korea.
The UK is making investment...
Yet this space is highly contingent on a number of volatile factors: the goodwill of the current President and his associates in Parliament, the ability of Aung San Suu Kyi to assure the military that her potential ascendancy is not a threat to their economic interests and the on-going civil conflicts not flaring into civil war. The restrictive apparatus of the former military state is still available for the government to use to curtail freedom of expression – the most draconian laws are...
If the 10-nation ASEAN bloc is to double its economy by 2020, then a large thrust of the growth rate will be coming from Myanmar.
According to consultancy McKinsey Global Institute, Myanmar’s economic output could quadruple by 2030 to $200 billion if the country maintains a steadfast pace of economic and political reforms. The report, released on May 30, said that Myanmar would have to diversify its economy away from the agricultural sector and towards more high-tech industries.
Under...
Myanmar’s economic potential has been vastly enhanced by the access to foreign resources — in the form of new trading opportunities, the inflow of foreign investment, elevated levels of bilateral and multilateral assistance — that President U Thein Sein’s commitment to political, social and economic reform has unleashed.
The relaxation of sanctions and improved relations with the major powers have both opened a new opportunity for development after years of economic isolation and...
MJL Bangladesh has become the first local company to explore the untapped Myanmar market by setting up a joint venture company in the once isolated country.
The company got the chance after the central bank recently allowed capital investment outside Bangladesh, a long-awaited demand of the Bangladeshi businesspeople.
The joint venture company — MJL & AKT Petroleum Ltd — formally started marketing Mobil brand lubricants on July 2 in Yangon with an initial investment of $1...
Myanmar was one of East Asia’s fast growing advanced economies in the early 20th century. But decades of isolation took its toll and Myanmar was left out of the region’s remarkable transformation as Japan, Korea, China and fellow ASEAN countries became a global engine of growth, lifting millions of people out of poverty.
In 1960 Myanmar’s real per capita income was much closer to its neighbors: Indonesia’s income was 40 percent higher and Thailand’s was 80 percent higher. Today...
A delegation of American companies recently met with the Myanmar government officials to further explore entering the Myanmar market.
“Last year, US companies just came to Myanmar, observed the conditions and went back. But, this year, companies start doing businesses,” said Anthony Nelson, director of US-ASEAN Business Council.
Nelson and Alexander Feldman, the president of the council, were speaking at a press conference held in Yangon July 10 following a meeting with the main...
