More Filters
There were 1074 results found for:

All Regions and All Sectors

Viewpoint

Cheah Swee Gim, Director, Kelvin Chia Yangon: Viewpoint
OBG
plus

Viewpoint:Cheah Swee Gim Following almost six decades of isolation, Myanmar reopened its doors in 2011. The country has since significantly modernised its legal system. The government has made concerted efforts to replace antiquated legislation that dates back to the British colonial era, plug legal loopholes, and build public awareness of the importance of laws and corporate social responsibility. Notably,…
Viewpoint

U Win Thin, Chairman, Win Consulting: Viewpoint
OBG
plus

Viewpoint:U Win Thin, Chairman, Win Consulting Myanmar’s Internal Revenue Department (IRD) is undergoing tax reforms by gradually introducing an income tax self-assessment system and broadening the tax base to get revenue to lower rates, particularly indirect taxes, much like in neighbouring India and Malaysia. When commercial tax (CT) was introduced in 1990 it had a mix of features from…
Analysis

New regulations and improved business conditions stimulating economic growth in Myanmar

Posted OBG AdminPosted in Uncategorized

Building on positive performance in recent years, Myanmar’s economy is set to continue gaining momentum in the near and medium term, despite concerns over the slow pace of economic reforms and social unrest in Rakhine State. The economy is expected to grow by 6.7% in FY 2017/18, which ends in March 2018, according to an IMF forecast released in November. The figure is significantly above the 5.9%…
Analysis

China's Belt and Road Initiative reshaping South-east Asia

Posted OBG AdminPosted in Uncategorized

Hailed by Chinese President Xi Jinping as “the project of the century”, the Belt and Road Initiative (BRI) promises to radically transform a vast swathe of the world’s trade and transport infrastructure. In doing so, it may also transform the way Asia does business with the world, and the way the world does business with Asia. Historical Precedent While it is a relatively new idea, the BRI…
Analysis

New policies and initiatives encouraging small business development in Myanmar

Posted OBG AdminPosted in Uncategorized

Although they comprise 98% of businesses in Myanmar, small and medium-sized enterprises (SMEs) are facing a host of growth impediments as the process of economic liberalisation accelerates, including low levels of legal and financial inclusion, infrastructure deficits preventing businesses from fully capitalising on growth in domestic and regional supply chains, and a burdensome regulatory environment. The…
Analysis

Efforts to improve Myanmar's investment environment

Posted OBG AdminPosted in Uncategorized

Myanmar continues to rank low on the World Bank’s annual “Doing Business” report, which measures the investment attractiveness of countries across 10 indicators. However, recent legislation, including the 2017 Investment Law, 2016 Arbitration Law and new anti-corruption measures, have paved the way for a sharp improvement, with the government targeting an improvement in the rankings in the coming…
Analysis

Legislative reforms to boost trade and investment in Myanmar

Posted OBG AdminPosted in Uncategorized

Approved foreign investment in Myanmar has dropped off since the early years of economic liberalisation. The government now seeks to attract new inflows in an effort to boost exports and employment, reduce the trade deficit and diversify the production base. Companies Law A number of major legal reforms have been rolled out to increase international trade and investment. The most recent of these is…
Analysis

Myanmar targets hydropower and alternative energy sources

Posted OBG AdminPosted in Uncategorized

Myanmar’s electrification rate is among the lowest in South-east Asia, despite the country holding abundant hydropower resources that should easily enable it to reach energy self-sufficiency. With electricity consumption rising sharply in recent years, and forecast to triple by 2030, the government of Myanmar is moving to deploy dozens of new power plant projects in an effort to reduce shortages…
Analysis

New mobile player increases competition in Myanmar telecoms

Posted OBG AdminPosted in Uncategorized

In an effort to further strengthen a formidable telecoms sector, the Posts and Telecommunications Department – under the Ministry of Transportation and Communication – granted a fourth mobile operator licence to Myanmar National Tele & Communications in January 2017 following a period of negotiations. With an initial investment of $2bn, the new player launched operations on February 12, 2018…
Analysis

Myanmar turns attention to LNG projects

Posted OBG AdminPosted in Uncategorized

Myanmar’s downstream oil and gas sector is slated for expansion in the coming years, as declining production at its big four offshore gas fields, limited domestic refining capacity, and rising fuel imports and electricity consumption create new investment opportunities for the private sector. One of the largest recent downstream developments saw a crude oil pipeline running to south-western China…