Laos and Malaysia, chosen for their potential to develop rubber plantations by Risda.
Rubber Industry Smallholders Development Authority (Risda) intends to expand its investment by developing rubber plantations in Myanmar and Laos. Its chairman Tan Sri Rahim Tamby Chik said the two countries were chosen as they have ample landbank with the potential to be developed into rubber plantation or undertake rubber replanting programmes. More…
“It’s opening up politically and economically. And it is not so much a political risk issue but a capacity issue to enact law quickly” – John Pang CEO
PETALING JAYA: Small and medium size enterprises (SMEs) should take the opportunity to enter the Myanmar market as there is little competition from multinational corporations (MNCs) at present, said CIMB Asean Research Institute chief executive officer John Pang.
“Many MNCs are interested to get into Myanmar as it is the fastest growing economy in the region, but they aren’t able to enter the market as yet pending the establishment of foreign investment regulatory framework. More…
Economic reform is at the top of the president’s agenda
Reformist president Thein Sein’s 27–28 August 2012 announcement of a cabinet reshuffle has been widely welcomed both inside Myanmar and in the international press. More…
World Bank, the Asian Development Bank and International Monetary Fund are awaiting to aid Myanmar
WASHINGTON (AP) – The House of Representatives has backed legislation that eases another restriction on the U.S. providing aid to Myanmar. More…
World Bank recently announced that it will resume lending to Myanmar for the first time in nearly 25 years
Since President Obama’s easing of sanctions against the Southeast Asian country in July, American as well as foreign companies are flocking to Myanmar for business — all sectors are on the table including banking, insurance, pharmacy, manufacturing, services and energy. More…
Aung San Suu Kyi with Nancy Pelosi left, and Hillary Clinton, after receiving the Congressional Gold Medal
WASHINGTON: The US may further ease sanctions on Burma, following the wishes of the opposition leader Aung San Suu Kyi, who was visiting Washington to receive the Congressional Gold Medal. More…
The goal is to reach 25 million visitors by 2015, including four “interchangeable points” between countries. ADB invests capital for the eco-sustainable development.
Joint cooperation in the tourism sector and a plan to boost its growth in 2013-2015 by facilitating international and domestic travel with a visa reform. This is the initiative launched by Hanoi, Phnom Penh and Vientiane Naypyidaw, in a recent conference attended by tourism ministers of the Association of South-East Asia. Within the next three years Cambodia, Laos, Myanmar and Vietnam (CLMV) will strengthen cooperation to attract a total of 25 million people from all over the world, with at least four million “interchangeable visitors” who will cross the borders between the various countries. More…
Since the 1960′s Myanmar has attracted US$40 Billion
Myanmar Convention Centre (in the background) was opened for the first time for an international conference, marking the opening of the isolated economy.
All foreign and local investors at a recent conference here in the Myanmar capital focused their attention solely on the amendments to the Foreign Investment Law (FIL), which is believed to bring enormous changes to the investment climate after the lifting of sanctions by major economic powers. More…
Ms. Aung San Suu Kyi will receive Congress’s highest honor, the Congressional Gold Medal, in the Capitol’s Rotunda on Wednesday
WASHINGTON — Myanmar’s opposition leader, Daw Aung San Suu Kyi, called for the lifting of American sanctions against her country on Tuesday, beginning an emotional visit to the United States that punctuated the remarkable shift in relations with Myanmar over the past year. More…
McDonalds and Coke could pave the way for more foreign investment opportunities
With the recent passage of legislation to open Myanmar to foreign investment , McDonald’s ( MCD , quote) restaurants could soon be dispensing Coca-Cola ( KO , quote ) throughout the country. Although the new law will not be enacted until it’s signed by President Thein Sein, this is a massive step in the right direction for a country that was ostensibly socialist under its military junta. More…
