Investors from Malaysia say they are attracted to Myanmar’s agriculture and other industries despite the rift between the two governments since the northern Rakhine crisis. “Malaysian businesses are keen to invest in sectors such as technology, construction, manufacturing, and service in Myanmar. They showed extra interest in agriculture-based businesses,” said Gilbert Lee, president of Malaysian […]
Read MoreForty-six countries have already signed the new Singapore Mediation Convention (Convention), including the US, South Korea, China, Malaysia, India and Singapore itself. I would encourage Myanmar to also sign. This would provide another welcome alternative to the conventional court system for the resolution of international commercial disputes. One of the problems international businesses face in doing […]
Read MoreMyanmar businesses could lose up to 14 percent of labour productivity due to workplace harassment and 40pc of workers said they have been victims, according to the latest study by the International Finance Corporation (IFC). In Myanmar, few companies have formed policies on dealing with bullying and sexual harassment at work, it stated. The IFC, […]
Read MoreMyanmar should consider exporting agriculture products such as rice, nuts, beans and nuts to Malaysia via Thailand, said Daw Thin Thin Myat, chair of Myawaddy Border Traders Association. Currently, these products are being exported only to Laos and Vietnam via Thailand. The government does not have an agreement with the Malaysian government, but one […]
Read MoreMyanmar is participating in regional connectivity initiatives in efforts to improve bilateral ties with its neighbours and promote investment and trade. Myanmar has implemented a number of significant reforms in the economic, political and social spheres aimed at creating new opportunities for investors, which includes those from Thailand, State Counsellor Daw Aung San Suu Kyi […]
Read MoreThe government is planning to raise import licensing fees in response to the changing economic environment of the country. Ministry of Commerce deputy minister U Aung Htoo proposed the new fee structure, which will see licensing rates of a minimum of K30,000 to a maximum of K90,000, from the current rates of K250 to K50,000. […]
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