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DHL scales up operations in Myanmar with new warehouse

DHL Supply Chain, one of the global market leaders for contract logistics solutions, announced the opening of its first multi-user warehouse in Myanmar, last week. The company has invested approximately K1.58 billion (€1 million) in the facility located in Dagon Seikkan Industrial Zone in Yangon, and is targeting to add more than 200 full-time employees […]

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Knowing who owns extractive companies will help Myanmar thrive

The Myanmar President’s Office, on October 2, issued a notification providing a strong legal framework that requires the disclosure of beneficial owners of companies involved in the extractive sector. Notification No. 104/2019 confirms the mandate of the Beneficial Ownership Task Force to make decisions regarding ownership disclosures and empowers the Directorate of Investment and Company Administration […]

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Myanmar lags as ASEAN sees record FDI

Foreign direct investment (FDI) into Myanmar still lags other countries in ASEAN, according to a report issued by the ASEAN Secretariat last week. The report ASEAN Investment Report 2019: FDI in Services showed that FDI into Myanmar declined despite record-high inflows into other countries in the grouping. FDI in Myanmar in 2018 slumped 11 percent […]

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Myanmar’s economy – a kitten among tigers?

Back in the 1960s, Singapore, Taiwan, South Korea and Hong Kong were able use cheap labour and tax incentives to draw a huge influx of foreign direct investments and technological know-how from the west.  Between the early 60s and 90s, growth quickly soared, to an average of 10 percent at the peak, according to the […]

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