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Interview

Sunil Seth, President, Overseas Agro Traders Association of Myanmar, on boosting the sector’s competitiveness: Interview
OBG
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Interview:Sunil Seth What measures could be taken to entice foreign investment in Myanmar’s agriculture sector? SUNIL SETH: The agriculture sector is extremely important for Myanmar, contributing 41% of GDP. Farmers’ land holdings are small and fragmented. One area the government should consider is allowing contract farming, whereby foreign companies can work directly with farmers to provide…
Interview

U Ko Ko Gyi, Group Managing Director, Capital Diamond Star Group, on facilitating trade and investment: Interview
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Interview:U Ko Ko Gyi In your opinion, what steps could the government take to encourage greater foreign direct investment (FDI) in manufacturing? U KO KO GYI: The new investment law is a step in the right direction. We have one of the most liberal investment policies in place, but it is more a matter of implementation, particularly given that our government has capacity constraints. Institutional…
Interview

U Ohn Winn, Minister of Natural Resources and Environmental Conservation, on environmental management and sustainability: Interview
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Interview:U Ohn Winn How would you characterise the evaluation of extractive industries in recent times? U OHN WINN: In Myanmar the impact of rapid economic development, particularly in extractive industries, is a challenge for sustainable and efficient utilisation of non-renewable, natural resources and the environment. Although extractive industries contributed substantially to the rapid…
Interview

U Nay Win Tun, Chairman, Ruby Dragon Group of Companies, on the changing environment for business and investment: Interview
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Interview:U Nay Win Tun What measures still need to be taken to promote investment in mining, and how can the decentralisation process play a role in this? U NAY WIN TUN: There are 14 states in Myanmar, 13 of which can produce mining resources. If we can manage to introduce value-added services, newer technology and a more modern banking system, the hope is that all of these can become productive.…
Interview

U Than Tun, CEO, Myanmar National Airlines, on the competitiveness of the aviation industry: Interview
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Interview:U Than Tun How can the sector attract more investment? U THAN TUN: The government is encouraging foreign direct investment (FDI) by creating a more investor-friendly environment. It has invested a lot in the modernisation of the industry, both overall and in the national carrier in particular. This is based on the presumption of eventual increased competition within the industry.…
Interview

U Myo Thein Gyi, Minister of Education, on improving access to education: Interview
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Interview:U Myo Thein Gyi What approach is the government taking to ensure that less-privileged and marginalised children in rural areas receive primary education? U MYO THEIN GYI: The National Education Law reinforces inclusive education, which ensures that all school-aged children have a chance to learn, including those that are less privileged and marginalised, and those that cannot access…
Interview

U Nay Aung, Founder, Oway Group, on how attracting more visitors will lead to improvements across the industry: Interview
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Interview:U Nay Aung What policies or measures can be adopted to foster development within the tourism sector? U NAY AUNG: Visa exemptions are the number one issue, and are something we personally approached the government about two years ago. If you look at Thailand, they have implemented visa exemptions for 53 countries and have different arrangements with many others. For Myanmar, the government…
Interview

U Kyaw Kyaw Maung, Governor, Central Bank of Myanmar (CBM): Interview
OBG
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Interview: U Kyaw Kyaw Maung In terms of liquidity management, how is the CBM maintaining stability in the market? U KYAW KYAW MAUNG: To achieve the objective of maintaining price stability, the CBM has been implementing a reserve money-targeting monetary policy framework. Under the reserve money-targeting framework, the CBM controls the liquidity position by using monetary operations such…
Interview

U Kyaw Kyaw Hlaing, Chairman, SMART Group of Companies: Interview
OBG
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Interview: U Kyaw Kyaw Hlaing To what extent have service companies been affected by the decline in oil prices? U KYAW KYAW HLAING: Service companies have had to make significant cutbacks in different ways, including staffing. While the oil and gas sector is well versed in dealing with cyclical swings in oil prices, individual companies – even those with international portfolios – are struggling.…
Interview

U Kyaw Kyaw Maung, Governor, Central Bank of Myanmar (CBM): Interview
OBG
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Interview: U Kyaw Kyaw Maung In terms of liquidity management, how is the CBM maintaining stability in the market? U KYAW KYAW MAUNG: To achieve the objective of maintaining price stability, the CBM has been implementing a reserve money-targeting monetary policy framework. Under the reserve money-targeting framework, the CBM controls the liquidity position by using monetary operations such…