More than 30 Myanmar business people attended the Indonesia-Myanmar Business Gathering at a hotel in Yangon last week. The gathering organised by the Indonesian Embassy in cooperation with the International Business Promotion Centre held business-to-business meetings for 10 Indonesian representatives from six companies and their Myanmar counterparts. Among the dignitaries at the event were U […]
Read MoreMyanmar has to move to tap into opportunities created by trade tensions between the world’s two largest economies, said a senior Singaporean academic. The US-China trade war has provided “silver linings” for many countries, such as Vietnam. in the Southeast Asia region, said Simon Tay, Chairman of Singapore Institute of International Affairs (SIIA), in the […]
Read MoreChina’s Belt and Road Initiative (BRI), seen most visibly in Myanmar through a proposed “economic corridor” between the two countries, requires government and media scrutiny and regulations to ensure projects are done in a socially and environmentally responsible way, an international think-tank says. Transnational Institute, an Amsterdam-based think-tank focused on building a just, democratic and […]
Read MoreDHL 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 […]
Read MoreThe 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 […]
Read MoreForeign 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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