With an estimated 19,000 cu metres of water available per person per annum, Myanmar might be called a regional water superpower. Its capacity for water storage is nine times that available in China, five times that in Vietnam, and 16 times the amount in both Bangladesh and India. The total catchment area of its 10 main rivers covers some 737,800 sq km, with potential surfacewater resources…
In the wake of sweeping reforms undertaken since 2011, Myanmar’s banking sector has been advancing at a rapid pace to become safer, sounder and better regulated. The majority of banking institutions are rising to the challenge by adopting international best practices, especially in terms of accountancy, and investing in systems that promise to transform the way they operate. Until recently banking…
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 National League for Democracy become the country’s first civilian-led government elected to power in modern history. Political reforms have brought significant economic benefits, as the US government moved to lift bur
Located in the central region of Myanmar, the charming colonial setting of Pyin Oo Lwin has long been a hot-season getaway for locals. Situated in the Shan Highland, 67 km east of Mandalay and at an altitude of 1070 metres, the “City of Flowers” is home to breathtaking waterfalls, stunning gardens and glistening pagodas, as well as many other eye-catching characteristics that has made it an attractive…
SULE SHANGRI-LA HOTEL 223 Sule Pagoda Road G.P.O. Box 888 T: +951 242 828 F: +951 242 800 ssyn@shangri-la.com www.shangri-la.com Rooms: 479 guest rooms and suites. Business & Conference Facilities: The 760-sq-metre Myanmar Ballroom can accommodate up to 940, eight smaller function rooms and a private meeting room. Audio-visual equipment is available upon request. Business…
This chapter contains accommodation listings for business and leisure stays, contact numbers for a variety of local services, useful tips for first-time visitors to the country, as well as a feature on the city of Pyin Oo Lwin.…
This chapter examines Myanmar’s legal system, focusing on the new investment law that is set to enhance the business climate, the extension of investment protections and benefits, a mobile financial services bill, and updates to several key labour laws. It also contains a viewpoint from Cheah Swee Gim, Director, Kelvin Chia Yangon.…
This chapter examines Myanmar’s tax regime, focusing on the newly passed Special Goods Tax Law, rules and penalties for concealment of income, regulations for industrial and special zones, the Myanmar Investment Law set to reshape the market and a summary of accounting standards and practices. It also contains a viewpoint from U Win Thin, Chairman, Win Consulting.…
When Myanmar recently began opening its doors to the outside world, tourists rushed at the chance to see a country that had not only been closed to them for decades, but that also boasted a rich culture and heritage. The next phase of growth will demand better marketing, improved data collection and facilities capable of offering visitors not only sights, but compelling experiences. Change has already…
