Coffee, one of the world’s most consumed beverages, is most commonly associated with South America and Africa. But that is slowly and surely changing. Long grown in Shan State, Myanmar’s beans are slowly gaining recognition among the worldwide coffee community, even winning prizes in international competitions. Arabica beans, the strand which is grown by most …
Sawbwa coffee in Shan State: from poppy to coffeeRead More »
“Probably the best thing the government could do now, especially against the broad international outlook, is to make sure domestic rules and regulations were as lean and accommodative as possible.” – Mr. Sean Turnell, Director of Research, Myanmar Development Institute. Between 2017 and 2018, Myanmar Investment Commission approved Chinese investments which added up to a …
Investment figures reveal growing diversity in sources and sectorsRead More »
According to the World Bank’s Myanmar Living Conditions Survey 2017, six in ten, or 58 percent of Myanmar households, are still not connected to the public power grid. This is a massive gap that needs to be closed, and hydropower is a sustainable, affordable answer to such an immense demand for energy supply. What are …
The Myanmar Investment Law 2016 (MIL) and Myanmar Investment Rules 2017 (MIR) are key legislations both Myanmar businesses and foreign investors must understand. The MIL and MIR affect incentives like tax incentives, long leases, and investment guarantees and determine the need for a MIC permit or endorsement. Learn more about Myanmar’s current investment laws here.
The Myanmar government is reviewing current fiscal terms in its contracts with energy companies. The review is expected to bring about changes that encourage more foreign investment in the industry. The electricity and energy industry is one that requires much more expansion if it is to meet the growing needs of Myanmar’s population and bring …
At the Myanmar Investment Conference in October 2018, State Counsellor H.E. Daw Aung San Suu Kyi called on Japanese investors to discover investment opportunities Myanmar has to offer. Japan has been a key development player in projects for financial sector development, railway, road and energy, and this looks to continue after recent visa regulations, which …
State Counsellor encourages Japanese investment in MyanmarRead More »
In early 2018, the Ministry of Commerce in Myanmar announced that processes for foreign companies which invest in Myanmar’s retailers and wholesaler will be streamlined. As as the country moves its efforts towards increasing foreign investments, steps such as this will be taken to facilitate easier, hassle-free trade for foreign investors. Foreign companies can now …
Myanmar allows full foreign ownership in retail and wholesaleRead More »
In August, the Ministry of Planning and Finance published the Myanmar Sustainable Development Plan (2018-2030). The government’s master plan for the development of the country provides a framework for coordination and cooperation across all ministries, states and regions. The 66-page document, which incorporates existing and draft plans and policies, sets out three pillars, five goals, …
The Myanmar Sustainable Development Plan: explainedRead More »
According to the Directorate of Investment and Company Administration, Myanmar received its first foreign investment in the power supply sector. Construction of the new 145-megawatt plant is set to begin in 2019. This gas-fired plant will be built in Singaing Township in a joint venture between China’s Power Gen Kyaukse and two Myanmar companies. The …
Myanmar Gets First Foreign Investments for Power Projects in Fiscal Year TransitionRead More »
From Myanmar’s trade data emerges a clear picture of the opportunities for investment. As in other developing economies, imports exceed exports, creating chances for importers to supply the young consumer market and for manufacturers to invest and boost domestic production. The latest data compiled by the Ministry of Planning and Finance, which dates from 2016 …
