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Interview

Cecilia Malmström, European Commissioner for Trade: Interview
OBG
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Interview:Cecilia Malmström What steps can be taken to ensure that current EU-ASEAN free trade agreement (FTA) negotiations do not end in another impasse? CECILIA MALMSTRÖM: During the 13th ASEAN Economic Ministers-EU Trade Commissioner Consultations held in Kuala Lumpur on April 26, 2015, all parties agreed that events had moved on since the negotiations had been put on hold, and there was…
Event

OBG Annual Roundtable Highlights Myanmar’s Legal Reforms as “powerful Signal” to Investors

Energy, power generation, tourism and infrastructure are among the sectors of Myanmar’s economy ripe for growth. These are critical areas that need long-term investment, and the new regulations should help address a series of risks and questions on how to evaluate shares between public and private players, Paulius Kuncinas, managing editor for Asia at the global research and consultancy firm Oxford…
Economic News

Modernisation fuels new lending in Myanmar’s banking sector

Foreign banks may be granted greater access to Myanmar’s domestic financial market as a way of servicing local demand for trade financing. At the end of February the Central Bank of Myanmar (CBM) announced it was considering expanding the range of services that foreign lenders in the country can offer by allowing them to provide trade-only accounts to importers and exporters, which local banks…
Economic View

OBG talks to Daw Ei Phyusin Htay, Managing Director, Barons Group

What is the ideal energy mix for Myanmar? DAW EI PHYUSIN HTAY: We have a tremendous amount of capacity in hydroelectric power, and we are expecting 2000-2500 MW in generation from gas in five years’ time. Another option is solar, but integrating solar power into the energy grid is not very feasible given the grid’s current condition. To accomplish this, we need substantial investment in strengthening…
Economic News

Fourth operator enters Myanmar’s telecoms sector

The entrance of a new operator in Myanmar’s telecoms sector has brought a wave of new investment and heightened competition to an already crowded market, promising expanded service options and lower pricing for consumers. In mid-January the telecoms regulator, the Ministry of Transport and Communications, formally issued the country’s fourth nationwide telecommunications licence (NTL) to the…
Event

Myanmar Investment Conference and Yangon Great Trade Fair

The YgTF 2017, Myanmar Investment Conference and Yangon Great Trade Fair, will be held February 24-26, 2017 in Yangon, Myanmar with free entrance to trade visitors. For expo booth and paid conference delegate (including business-to-business networking), registration is still open. …
CEO Survey

Myanmar Economy Infographic 2017: Looking Outward

In recent years trade and investment in Myanmar have soared, buoyed by ongoing efforts to liberalise the economy and a successful political transition in November 2015 that saw the country’s first civilian-led government elected to power in modern history. Political reforms have brought significant economic benefits and with a host of domestic reforms, sustained growth is expected. While the country…

Analysis

Removal of most US economic sanctions against Myanmar unleashes economic potential
OBG
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The business environment is set for dramatic improvements after several burdensome trade restrictions were lifted in 2016. Most notable for foreign investors was the US government’s move to end sanctions on seven state-owned companies and three state-owned banks, with US President Barack Obama promising to further ease sanctions, even as a number of new companies were added to the sanctions…

Analysis

Myanmar's new economic zones act as drivers of growth
OBG
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Special economic zones (SEZs) are essential to Myanmar’s development. While the country is liberalising rapidly, the process will take some time. Regulations have to be written, and infrastructure needs to be upgraded in areas with legacy issues. Thilawa The development of Thilawa SEZ, which lies 25 km from Yangon, has been smooth. The first phase, the 400-ha zone A, was opened in 2015,…

Analysis

Myanmar prepares to join ASEAN Economic Community
OBG
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While Myanmar has been a member of the ASEAN bloc since 1997, its capacity within that organisation – and indeed, within regional and international politics as a whole – was severely limited by the military regime of the time. Indeed, international sanctions and condemnation led to the country skipping its turn as ASEAN chair in 2006, under the organisation’s rotating leadership system. Moving…