The leaders of seven foreign business groups in Yangon have signed an open letter calling on investors abroad to put their money in Myanmar, stressing the critical role foreign direct investment (FDI) plays in the country’s transition. “Having been in isolation for so long, Myanmar now requires the broad regeneration of its economy to meet […]
Read MoreMyanmar has enacted legislation to protect intellectual property (IP)in another step forward for businesses in the country. On January 30, the Trademark Law and Industrial Design Law were passed into legislation by the Pyidaungsu Hluttaw. However, both laws provide that they will be effective only after a notification is issued by the President of Myanmar. […]
Read MoreChina Railway Eryuan Engineering Corporation (CREEC) has started a partial survey for the Muse-Mandalay-Kyaukphyu railway line, part of the China –Myanmar Economic Corridor (CMEC) and the larger Belt and Road Initiative (BRI). Myanmar signed a memorandum of understanding (MOU) for the project, expected to be one of the largest road and railway projects in the […]
Read MoreMyanmar’s largest business lobby group suggested that the government should focus on improving policy implementation and that further liberalisation is necessary for attracting investments. U Wai Phyo, vice president of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), said that the country needs to open up for foreign investors and at […]
Read MoreDue to the local demand, the importation of used bicycles will be allowed this again year, said U Khin Maung Lwin, assistant secretary of the Ministry of Commerce’s Department of Trade. Last Friday, the Ministry of Commerce declared that this year it will continue to allow the import of used machinery which it first allowed […]
Read MoreNAYPYITAW: Myanmar leader Aung San Suu Kyi on Monday urged global investors to put their money into Myanmar, seeking to offset the negative impact of the Rohingya crisis and slow pace of economic reforms. Suu Kyi touted Myanmar’s economic potential, its attractive geographical location, expanding domestic markets and young population. She also listed some of the […]
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