Reposted from Myanmar Business Network
The Myanmar government is prepared to relax limits on foreign ownership of breweries on a case-by-case basis, as it seeks to improve the appeal of the country to foreign investors, says a senior beer industry executive.
The Myanmar Investment Commission (MIC) offered four licences in January for international breweries to operate domestically.
Under the Foreign Investment Law, which the MIC oversees, each foreign brewer must enter a joint venture with a domestic company and can own a 51% majority stake in the Myanmar operation. Two of the four licences have been issued so far. More…
Reposted from Myanmar Times
A man looks at notices pinned to a board outside the Directorate of Investment and Company Administration one-stop investment shop in Yankin township last week.
By Aye Thidar Kyaw
One-stop service for investors has arrived. Investors who had to grapple with red tape in five or more separate ministries can now get everything done at the new Directorate of Investment and Company Administration (DICA).
DICA opened on April 10 at 1 Thitsar Road, Yankin township, Yangon.
Representatives of the ministries of agriculture and irrigation, environmental conservation and forestry, mines, industry, and fisheries and livestock will be available to discuss their various laws, rules and regulations. More…
Reposted from Eleven Myanmar
Investors, both foreign and domestic, will be able to use a one-stop service center in Yangon as of Wednesday, according to the Directorate of Investment and Company Administration.
The agency will provide consultation and advice to investors, and help them with company registration and investment proposals, said San New at the directorate’s Yangon office.
The one-stop centre will streamline the investment process and allow potential investors to go through all the required administrative and legal steps at one location, she added. More…
Reposted from Reuters
By Paul Kilby
Feb 15 (IFR) – International investors were taking a fresh look at Jamaica on Friday after it agreed a $750m loan programme with the IMF as part of a second domestic debt restructuring in three years.
Even though announcement of the debt exchange this week led to downgrades on Jamaica’s ratings, the country’s external debt – exempt from the swap – was trading up on Friday. More…
Reposted from The Wall Street Journal
By CHUN HAN WONG
Foreign direct investment in Cambodia is set to surpass $1 billion this year
PHNOM PENH—Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior official at the country’s central bank said. More…
Reposted from The Wall Street Journal
Laos is emerging as the fastest-growing country in Southeast Asia.
By PATRICK BARTA
A vote on Friday that formally approved Laos’s application to join the World Trade Organization marked a key coming of age for the small, landlocked Communist country, which has quietly posted some of the world’s strongest economic growth over the past several years. It also marked the latest step in a Southeast Asian push to integrate economies in the region of 600 million people as it tries to present itself as a single-market, more-viable investment alternative to China. More…
Reposted from Mizzima
Growth in Southeast Asia is expected 5% in 2012
Burma’s economic growth is expected to increase to 6.3 percent this year and 6.5 per cent in 2013, up from the initial projections of 6 per cent and 6.3 per cent, the Asian Development Bank (ADB) said on Wednesday.
“All-in-all, Myanmar’s economic performance is good and appears to be getting better,” Craig Steffensen, ADB country director for Thailand, said. More…
Reposted from Radio Free Asia
By Rachel Vandenbrink
Investors to pay a U.S. $5 per hectare tax beginning six years into their leases
Cambodia said Friday it will impose a new tax on investors who receive land from the government for agriculture development as a U.N. expert warned about the lack of transparency in allocation of land concessions that could hinder the country’s growth. More…
Reposted by BurmaNet News
By Sam Holmes & Celine Fernandez
Washington has lifted nearly all of the economic sanctions imposed against Myanmar
The U.S. decision to lift a ban on exports from Myanmar could give the country its best shot at becoming the world’s next low-cost manufacturing hub as well as firm up the fragile political reforms now taking place. More…
Reposted from CNBC
Thein Sein believes the joint venture ratio ought to be flexible and should depend on the particular sector
YANGON, Myanmar – The implementation of a new foreign investment law passed in Myanmar earlier this month has been delayed because the country’s president is sending it back to parliament for fine-tuning, an official said Monday. More…