Myanmar (Burma) News

Myanmar Investment News

Exclusive – Myanmar to float currency in 2012/13, unify FX rates 0

Shwedagon Pagoda in Yangon

Shwedagon Pagoda in Yangon

Reposted from Reuters

People encircle the grounds of the newly-renovated Shwedagon Pagoda in Yangon March 16, 2010 during Thai Princess Maha Chakri Sirindhorn’s visit.

(Reuters) – Myanmar will begin a managed float of its currency in the fiscal year from April and develop an interbank money market, according to central bank documents obtained by Reuters, ending a fixed-rate currency system that has stifled investment and fuelled a black market. More…

Myanmar’s Turn 0

Joseph E. StiglitzReposted from The Straits Times
By Joseph E. Stiglitz

YANGON – Here in Myanmar (Burma), where political change has been numbingly slow for a half-century, a new leadership is trying to embrace rapid transition from within. The government has freed political prisoners, held elections (with more on the way), begun economic reform, and is intensively courting foreign investment. More…

Myanmar Briefing Note No. 21 6 March 2012: Free and Fair Elections 0

Aung San Suu Kyi

Aung San Suu Kyi

Reposted from Myanmar Network

“The elections of May 1990 were hailed as one of the freest and fairest ever and the NLD won 82 percent of the seats.” Daw Aung San Suu Kyi – Letters from Burma: No. 31, Mainichi Daily News 24 June 1996

More than anything else, the conduct of the 48 by-elections due to be held on 1 April 2012 in Myanmar to fill the seats vacated by elected representatives appointed to ministerial positions is likely to be used as the litmus test for assessing the level of democratic reform achieved in the country. More…

Avoid the Jelly Heads 0

Acleda Bank Headquarter in Phnom Penh, Cambodia

Acleda Bank Headquarter in Phnom Penh, Cambodia

Reposted from Capitalist Exploits

Some weeks ago I had a conversation with Douglas Clayton. We discussed Cambodia – The New Emerging Market, and it’s inevitable transformation from sleepy backwater into economic up-and-comer. It’s got a long way to go, but that’s why the opportunity is so intriguing.

In the course of the conversation we both commented on the fact that we seek to actively invest in markets which are uncorrelated to the indebted West. This has in fact been a core strategy for Leopard Capital, of which Doug is the founder and CEO. More…

In Myanmar, Sanctions Have Had Their Day 0

Aung San Suu Kyi supporterReposted from The New York Times
By Louise Arbour

YANGON, MYANMAR — As Myanmar moves ahead with its ambitious reforms and abandons old ways of thinking, Western countries need to change their own mind-set and adopt a more subtle approach.

After decades of sanctions and self-imposed isolation, Myanmar, formerly known as Burma, is undergoing a remarkable and, so far, peaceful transition away from authoritarian rule. It is heading in the direction that its people and the international community both want. More…

Taiwanese Investors look to Burma 0

Taipei, TaiwanReposted from The Irrawaddy

As the country is opening up, now is the best time to invest in Burma, said Asia Taiwanese Chambers of Commerce Chairman Norman Chang at a trade conference in Bangkok last week.

Chang, who is also the head of the Thai-Taiwan Business Association, said that Burma is the market that Thai-based Taiwanese investors are currently looking at, because of its proximity and an increase in wage levels in Thailand. More…

With Myanmar open, Thai trade may thrive Firms eyeing Yangon as a distribution hub 0

Mae Sot, Thailand

Mae Sot, Thailand

Reposted from The Bangkok Post

YANGON : Thai executives should heed rules and regulations in Myanmar now that the country is opening to the world and embracing investors from around the globe, says the International Trade Promotion Department.

The military-ruled country has become the centre of attention for investors near and far. More…

Myanmar lifts ban on exiled media broadcaster 0

Democratic Voicce of Burma Deputy Director Khin Maung Win

Democratic Voicce of Burma Deputy Director Khin Maung Win

Reposted from The Bangkok Post

Myanmar has agreed to grant journalists from a prominent exiled broadcaster who previously faced lengthy jail terms limited visas to visit the country to cover news events, the group said Thursday.

Democratic Voice of Burma’s (DVB) deputy director Khin Maung Win is pictured in 2009. Myanmar has agreed to grant journalists from DVB, a prominent exiled broadcaster, who previously faced lengthy jail terms limited visas to visit the country to cover news events, the group said. More…

Burma’s By-Elections Could See Lifting of EU Sanctions 0

Aung San Suu Kyi

Aung San Suu Kyi

Reposted from NTD Television

Opposition leader Aung San Suu Kyi told EU parliamentarians on Wednesday that the upcoming by-elections in Burma could be the last hurdle towards the lifting most European Union sanctions.

She said the polls need to be free and fair.

Parliamentarians say the sanctions should be lifted incrementally to retain leverage with the civilian government behind unprecedented reforms in the first year in office. More…

International tourists set sights on Burma 0

Ngapali beach, MyanmarReposted from
By Hana R. Alberts

A series of events has helped draw the world’s eyes to Burma over the last year — and for once it’s not all negative attention.

The release of political leader and democracy activist Aung San Suu Kyi in late 2010 after almost 15 years of house arrest was followed in March of last year by the transfer of power from a much-derided military junta to nominally civilian regime. More…