President Thein Sein

President Thein Sein invites US investments for development of Myanmar’s middle class 0

Myanmar is a country located in a strategic location with many economic partners

Myanmar is a country located in a strategic location with many economic partners

Reposted from Eleven Myanmar

President Thein Sein has invited private sectors from the United States to invest in the development of middle class people in Myanmar.

The visiting Myanmar leader on his first visit to US made a speech on meeting with the US businessmen at US Chamber of Commerce on May 20. More…

Myanmar President to visit US on May 20 0

US President Obama in Burma

US President Obama in Burma

Reposted from Business Standard

Myanmar’s President Thein Sein will embark on a historic visit to America on May 20 as US President Barack Obama continues to encourage reforms in that nation while it ushers in democratic changes.

“The President looks forward to discussing with President Thein Sein the many remaining challenges to efforts to develop democracy, address communal and ethnic tensions, and bring economic opportunity to the people of his country, and to exploring how the US can help,” White House Press Secretary Jay Carney said.

Thein Sein’s visit underscores Obama’s commitment to supporting and assisting those governments that make the important decision to embrace reform, and highlights the dedication of the US to helping the Burmese people realise the full potential of their extraordinary country, Carney said in a statement. More…

Not out of the woods 0

Myanmar certainly deserves credit for beginning an impressive process of transformation

Myanmar certainly deserves credit for beginning an impressive process of transformation

Reposted from Dawn.com
By Shada Islam

FOR some it’s the new El Dorado. Foreign investors are lining up to do business in Myanmar, a once-pariah nation which only a couple of years ago was almost as isolated as North Korea today. More…

Burma Parliament Finalizes Rules on Foreign Ownership of Firms 0

Burmese President Thein Sein inspects a thermal power plant in Japan during a visit that focused largely on attracting Japanese investment in Burma’s economy.

Burmese President Thein Sein inspects a thermal power plant in Japan during a visit that focused largely on attracting Japanese investment in Burma’s economy.

Reposted from The Irrawaddy
By Reuters

RANGOON — Burma’s Parliament has rejected a proposal to limit foreign ownership of businesses in certain sectors to 49 percent, voting to confirm a limit of 80 percent set in January under a new investment law approved last November, official media said.

The decision, taken on Monday, will cover investment in sectors deemed sensitive, including agriculture and businesses that could affect the environment, the Myanma Alin daily reported on Tuesday.

In other sectors, foreign firms will be able to set up ventures without the need for a local partner. More…

Reform of the banking system tops Myanmar’s agenda 0

Myanmar's banking services may have to expand to electronic transactions

Myanmar’s banking services may have to expand to electronic transactions

Reposted from The Nation
By Onravee Tangmeesang

Crowded Yangon International Airport is proof of Myanmar’s success in attracting large numbers of visitors now that the country has emerged from decades of isolation. More…

Myanmar’s Developmental Catch-22 0

myanmars-developmental-catch-22Reposted from The Diplomat

What a difference a year makes.

A functioning ATM at Yangon International Airport; a reporter from Myanmar International Television on prime time; a brand new KIA showroom sparkling with chrome and glass; Italian gelato counters serving raspberry and lime sorbet alongside a sumptuous buffet of Burmese cuisine.

On Yangon’s streets, hundreds of new Toyota Land Cruisers and Mitsubishi Pajeros have emerged as clear favorites – even an occasional Porsche sweeps past.    More…

Private investment up K133 bn in crucial sectors within January 0

Private Investment on the rise for Myanmar

Private Investment on the rise for Myanmar

Reposted from Eleven Myanmar

In a country where most investments go to lucrative mining, hydropower and oil and gas, private investment worth 133 billion kyats (US$156.5m) has been put into transportation, manufacturing, farming and others within a month. More…

Myanmar unveils more sweeping reforms 0

ImageReposted from The South China Morning Post

Myanmar’s government is unveiling a slew of new reforms to donor countries and international organisations this weekend, aiming to consolidate achievements since the end of military rule in 2011, but also improve the lives of its citizens.

In opening remarks to donors yesterday, President Thein Sein said the government wanted “a modern, industrialised country”, but also stressed the need to develop the agricultural sector and narrow development gaps between the regions. More…

Has China Lost Myanmar? 0

chinaburmaReposted from Foreign Policy
By BY YUN SUN

The rapid changes in Myanmar since President Thein Sein began democratic reforms in 2011 present China with a problem. For decades, China had a cozy relationship with its authoritarian neighbor, enjoying a near-monopoly on its natural resources and foreign policy. But now, Myanmar is a messy quasi-democracy, whose people resent Beijing for its past support of the junta and its economic exploitation of their country. And Myanmar’s still a threat to regional stability: China sent troops to the two countries’ border in early January because of fighting between the Myanmar government and rebel groups — if things get worse it could spill into Chinese territory. More…

Japanese ODA to fund Myanmar’s infrastructure 0

Mr Aso reaffirmed an earlier promise to waive part of Myanmar’s US$5.74 billion debt to Japan

Mr Aso reaffirmed an earlier promise to waive part of Myanmar’s US$5.74 billion debt to Japan

Reposted from The Myanmar Times
By Aye Thidar Kyaw

The Japanese government will lend official development assistance (ODA) to Myanmar, implement a plan to cancel national debt and help complete the Thilawa special economic zone, Japanese officials announced in Yangon last week. More…

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