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Jean-François van Boxmeer, CEO and Chairman of the Board, Heineken NV; and Yoshinori Isozaki, President and CEO, Kirin Holdings Company: Interview
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Interview:Jean-François van Boxmeer;Yoshinori Isozaki The relaxation of sanctions has bolstered foreign interest in the fast-moving consumer goods (FMCG) sector. Why are international brands eager to re-enter the beverage segment? JEAN-FRANCOIS VAN BOXMEER: Myanmar is an exciting place to be. It has all the ingredients to become an attractive destination for significant foreign direct…

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Better transport set to boost Myanmar's economic growth
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Once a sleepy capital where cars were rare, Yangon is now a bustling urban centre. The spike in activity has been very positive for economic growth, but has placed pressure on infrastructure. Myanmar’s government has recognised the need to modernise transport capacity and update the legal framework that governs the sector. To that end, international experts, notably from Japan, have gathered in Yangon…

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Myanmar to lay stronger foundation for tourism growth
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Hundreds of thousands of foreign tourists have visited Myanmar since relations with the West thawed and the country began to open up to the outside world in 2010. While some are eager to experience the South-east Asian nation’s rich culture and heritage, others are simply curious to see the once isolated country before it changes forever. At the same time, economic development is expanding the market…

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Changes to Myanmar's education sector needed
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With an increasing need for human capital, the government of Myanmar has made the overhauling of the education system a national priority. With an enlarged budget, a new national education law and the removal of public school fees, major reform of the entire education sector is well under way. However, significant challenges remain. While the education sector was largely dismantled by the military,…

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Myanmar's health care sector set to receive more funding
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For the most part, Myanmar’s resilient economy has grown dramatically since the easing of international sanctions, while health care expansion has been modest at best. Although the outgoing government under U Thein Sein increased spending on the sector from K92bn ($71m) in FY 2010/11 to K691bn ($533.5m) in 2015/16, Myanmar remains behind its ASEAN counterparts by this measure. New Management As…

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Foreign investment overview for Myanmar
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Considered by many to be one of the last economic frontiers, Myanmar has been the object of investor interest for the past three years. As of November 30, 2015, data from the Directorate of Investment and Company Administration (DICA) shows that the total amount of foreign direct investment (FDI) for the period from 1988 to November 2015 has reached $58.2bn, consisting mainly of manufacturing enterprises,…

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Tax reforms in Myanmar
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The years 2012 and especially 2014 witnessed several constructive changes through amendments to the Income Tax Law (ITL), the Commercial Tax Law (CTL), the Stamp Duty Act and the Court Fee Stamp Act. These were aimed at meeting the tax reform agenda that was set by the parliamentary government installed in 2011, in order to eradicate the provisions of laws detrimental to the progress of the national…

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Helpful information for visitors for Myanmar
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Visa Both tourist and business visas can be applied for online. The tourist visa has a duration of 28 days and takes no more than three days to get approved, while the business visa is valid for 70 days. You are required to submit a colour passport-sized photo, letter of invitation and company registration (certificate of incorporation) as part of your business visa application. The online business…

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Inle Lake attracts growing numbers of visitors to Myanmar
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Home to floating villages and monasteries, and wrapped by mountain ranges, the pristine freshwater of Inle Lake continues to attract visitors. Even before the reopening of the country to the outside world, foreign tourists ventured to Myanmar, eager to soak in the lake’s natural surroundings. Today the lake is still one of the country’s top tourist attractions – alongside Bagan, Mandalay and…