Zaw Zaw – One of the largest business tycoons in Myanmar and managing director of Max Myanmar
Reposted from Reuters
By Jason Szep
(Reuters) – As Myanmar implements reforms and foreign investors jet in, most find precious few ways to make money. There is no stock market. A new foreign investment law is delayed. And the biggest local companies are entangled in U.S. and European sanctions. More…
Reposted from The Star Online
By SHARIDAN M. ALI
“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…
Reposted from World News Report
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…
Reposted from WAtoday
By Mark Landler
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…
Reposted from The New York Times
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…
Reposted from East Asia Forum
By Sean Turnell
Struggle between liberal reformers and the beneficiaries of Myanmar’s past regime will ultimately shape the new Foreign Investment Law
The Asian Development Bank recently stated that Myanmar could soon become ‘one of the rising stars in Asia’.
This assessment, contained in a report on the country released in August 2012, is the latest in a slew of similar verdicts reached by multilateral institutions, academic think tanks and various government and non-government agencies. More…
Reposted from Reuters
By Carolyn Cohn
(Reuters) – The easing of sanctions in Myanmar is encouraging western portfolio investors to start looking at the previously-restricted economy, with one London-based private equity firm planning to invest in pleasure cruisers there. More…
Reposted from the Financial Times
By Gwen Robinson
The Asian Development Bank has urged Myanmar to implement recently passed environmental legislation and draft sectoral strategies in key areas such as energy, transport and agriculture.
The calls came in an ADB report that amounts to one of the most sweeping assessments on the state of Myanmar’s bureaucracy in sectors such as energy infrastructure, agriculture and education. More…
Reposted from AFP
By Shaun Tandon
WASHINGTON — US senators said they planned to move quickly to confirm the first US ambassador to Myanmar in two decades, as they pushed to allow investment in the country’s oil and gas sector.
President Barack Obama on May 17 nominated Derek Mitchell, a veteran US policymaker on Asia, as ambassador to the country after dramatic reforms including the election of opposition leader Aung San Suu Kyi to parliament.
At a hearing on the nomination, senators across party lines voiced support for Mitchell. Senator Jim Webb, who heads a subcommittee on East Asia, said he hoped to complete Mitchell’s confirmation by the end of the week. More…
Reposted from fibre2fashion.com
Garment factory in Yangon, Myanmar
Can Myanmar emerge as the next low-cost destination for global apparel brands and retailers, following China losing its sheen as a cheap production hub? Should this new development also worry garment makers in other South East Asian countries?
The vibes emerging from leaders in countries like Bangladesh, Cambodia and Pakistan seem to indicate that Myanmar could emerge as a potential destination for sourcing clothing for worldwide retailers and brands. However, they do not see Myanmar as a threat to their country’s apparel sector in the immediate future. More…