South Korea is eyeing expansion opportunities in manufacturing and infrastructure in Myanmar. At the Myanmar-Korea Investment Promotion Seminar in Yangon on Thursday, a delegation of 13 South Korean countries met with officials from the Ministry of Transport and Communication and Ministry of Electricity and Energy (MOEE), seeking opportunities to invest in the two sectors. “We […]
Read MoreYangon’s leaders want to upgrade and promote the city as a business hub for the country. Last week, its mayor, U Maung Maung Soe, submitted draft legislation for the governing and development of the city to the Yangon Regional Parliament. “The draft YCDC Law covers 32 sectors and has 398 sections concerning the development of Yangon […]
Read MoreAre the demands “too little too late”? THE Karen National Union (KNU) has made four demands to Nay Pyi Taw and relevant governments and companies regarding the Dawei project: environmental and social impact assessments must be done fairly, negotiation with stakeholders must comply with applicable government, KNU and international laws; free, prior and informed consent […]
Read MoreMyanmar is currently experiencing a youth bulge where 36pc of the population belongs to the 10-29 age group, followed by 27pc belonging to the 30–49 age group. These age groups present not just a young and aspiring workforce but also a significant untapped consumer base for companies to target. Across all age groups, 43.7pc cited […]
Read MoreFor the first time, Myanmar will import liquefied natural gas (LNG) as it races to meet an expected shortage of electricity. By 2020, the country will require double its current electricity supply to meet rising demand from households and businesses. The Ministry of Electricity and Energy (MOEE) on January 30 issued a Notice to Proceed […]
Read MoreMyanmar is in fact slipping further away from the govt’s target of reaching top 100 in the Doing Business index by 2020. It remains to be seen how Nay Pyi Taw could deliver this commitment, DESPITE the fact that Myanmar has fallen one place last year in the World Bank’s Doing Business rankings, Nay Pyi […]
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