mge
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Myanmar: Clear mandate and management structure essential for MGE

The Natural Resource Governance Institute has published a report Governing the Gemstone Sector: Lessons from Global Experience in which Myanmar’s state-owned enterprise is featured as a case study. The report considers how countries may improve management of their gemstone resources, offers lessons from international experience and recommends policy options for governments interested in enhancing their […]

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dry-pot
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Myanmar: dry port sets hopes on Belt and Road

The country’s first dry port will be built near Myitnge, in Amarapura township, Mandalay Region, and join the Belt and Road network, said U Myo Win, general manager from Myanma Railways (Upper Myanmar).  “It is a two-year project under UNESCAP agreement between governments,” he said. UNESCAP refers to the United Nations Economic Social Commission Asia […]

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Myanmar: Central Bank takes aim at dollar-denominated deposits

The Central Bank of Myanmar had already published warnings twice and defined the type of punishments in relation to different institutions, said U Win Thaw, director general of the Foreign Exchange Management Department at the Central Bank of Myanmar. The comments were made regarding the illegal use of dollars in local businesses. The central bank currently has […]

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pyi-thit
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Myanmar: Initial drilling for Pyi Thit well-1

According to MPRL E&P, Pyi Thit Well 1 in offshore Block A-6 was spudded to appraise gas reserves and prospects. The British Virgin Island-registered MPRL E&P signed a production sharing contract (PSC) with Myanma Oil and Gas Enterprise (MOGE) in January 2017 for oil and gas exploration in Block A-6. The company has been drilling in Pyi Thit’s exploratory wells since March 2012 and […]

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sector
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Myanmar: EuroCham cites protectionist bent and tax inefficiencies as top investor concerns

A white book published by European businesses has hit out at Myanmar’s protectionist tendencies blocking or stalling liberalisation and cited tax inefficiencies as one of the top concerns among investors. The European Chamber of Commerce Myanmar (EuroCham) published a white book, an annual publication identifying the year’s salient business, trade and investment issues affecting European […]

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