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 ]
RANGOON — Though Burma is “one of the most exciting new markets in the world right now,” American companies remain reluctant to invest here due to the country’s poor infrastructure and outdated commercial and financial laws, say representatives of a US business delegation.
US-Asean Business Council President Alexander Feldman on Wednesday lamented the practical hurdles to doing business in Burma as his delegation wrapped up a visit that brought prospecting executives from AT&T,...
Japan and Korea are investing billions of dollars in Myanmar in the hopes of building up the country’s infrastructure to better serve foreign businesses that will undoubtedly follow in the footsteps of Coke and Unilever. With such avid foreign sponsorship, Myanmar is poised to welcome an economic boom in the coming years -- by McKinsey & Co.’s estimation, the small country could potentially bring its economy from $45 billion up to more than $300 billion in 2030.
The Myanmar government...
Deputy Minister for Finance and Revenue, Maung Maung Thein confirmed on 15 July that Myanmar will begin implementing a stock exchange market this year.
Earlier announcements state the stock exchange market will be established by 2015, but preparations are already under way.
“Earlier we planned to begin in 2015, but it would be too late. So, we are beginning this year,” says Maung Maung Thein.
The Central Bank of Myanmar is cooperating with the Daiwa Research Institute and Japan’s...
Commercial real estate is booming in Myanmar’s capital city of Yangon as foreign companies respond to economic and political reforms by setting up shop in the Southeast Asian nation.
Top-end office spaces in the city are commanding rents higher than anywhere in Asia with the exception of Beijing, Shanghai and Tokyo, and numerous skyscrapers are in development to meet the rapidly increasing demand.
For years, Yangon’s buildings remained stunted compared to cities in more prosperous...
Mainland China, Thailand and Hong Kong are the biggest investors in Myanmar, with $14.19 billion, $9.98 billion and $6.39 billion of cumulative investments, respectively, according to a PricewaterhouseCoopers (PwC) report. The Myanmar government is preparing to establish a stock exchange, as well as prepare a new foreign investment law that will offer tax breaks and other incentives for foreign investors.
The stock exchange is expecting its first IPO by October 2015, said Jasmine Aung,...
Myanmar is among the hottest “frontier” investment markets today.
The country is going from an authoritarian regime to democracy, from a conflict situation to a situation of relative peace, and, most importantly, from a closed economy of state-owned companies, to an open, free market economy.
Such positive change all at once in one country is unprecedented.
Fund managers are falling over themselves to invest there. At The Myanmar Investment Summit in Hong Kong last week, I met some...
Myanmar has shortlisted 12 international consortia in the race for two of mobile telecom licenses, which include names such as Singapore's SingTel and M1, India's Bharti Airtel, Japan's KDDI, Africa's MTN, and China Mobile.
The pre-qualified applicants now enter the third and final stage where they will be required to submit their applications by June 3, 2013, and the winners will be announced by June 27, 2013, according to a statement Thursday by Myanmar's Telecommunications Operator Tender...
Second-tier South Korean law firms are eyeing Myanmar as an attractive destination to set up offices because of the growing opportunities for companies to form joint ventures and enter the country following the regulatory changes, five Seoul-based lawyers interviewed by mergermarket said.
“Myanmar is a hot place for businesses to find investment opportunities,” said Yi Seong-Hoon, a partner from South Korea-based Shin & Kim. He pointed out that smaller peers may consider direct market...
In Myanmar, southeast Asia’s latest golden investment opportunity, being in first wins headlines for foreign companies, as Coca-Cola and Standard Chartered have recently shown.
But as credit card issuers MasterCard and Visa have discovered, it doesn’t guarantee a lead over the competition.
For the growing number of repeat visitors to Myanmar, including business people, foreign government officials and aid workers, the tedium of carrying massive wads of cash is the price of doing...
Two local and four foreign investments were approved by the commission in accordance with the Myanmar Citizen Investment Law and the new foreign investment law, local media reported.
The investment commission has also allowed a joint venture between a local company and a Vietnamese firm, Stada-Venture Joint Venture Ltd, to set up a drug factory in Yangon.
In previous meetings, the commission has also granted licenses to businesses which are seen as “beneficial to the public” like...
