Myanmar’s clothing exports have grown from US$337 million in 2010 to US$1.46 billion in 2015, and could reach US$12 billion by 2020. Learn about opportunities for foreign investment in Myanmar’s burgeoning garment industry, and the driver’s of the country’s growing competitiveness.
Myanmar’s commerce ministry recently issued a call for investments in economic zones that are planned to be set up on the country’s border with China. Read our latest article to find out where these zones will be located and how they would impact trade and investment between the two countries.
Myanmar’s union government has increased the country’s daily minimum wage for an eight-hour work day from Kyat 3,600 (US$2.65) to Kyat 4,800 (US$3.54). The wage increase is the first since Myanmar introduced a minimum wage as part of the government’s labor market reforms in 2015.
Myanmar recently permitted export-financing services by seven of 13 foreign banks operating in the country. In this article, we provide insight into Myanmar’s banking reforms and investment opportunities in the sector.
Myanmar is among the fastest growing economies in Southeast Asia with significant market potential for the growth and expansion of foreign companies. Read more about Myanmar’s latest FDI trends and outlook for 2018 in our latest article.
On December 6, 2017, Myanmar’s President U Htin Kyaw approved the new Myanmar Companies Act, 2017, replacing the country’s century-old Companies Act of 1914. The new law seeks to modernize corporate governance in Myanmar in line with international best practices. Read more in our latest article.
India’s Prime Minister Narendra Modi paid an official visit to Myanmar between September 5 and 6. Relations between the two countries are multifaceted, with both sides sharing key concerns over maritime security and other transnational issues.
As Myanmar continues to liberalize its regulatory landscape, new opportunities are emerging for cross-border trade. In this article we explain best practices for importing into and exporting out of the country.
In this week’s ASEAN Regulatory Brief, we focus on the Philippines’ clean energy initiatives, discuss Myanmar’s crackdown on real estate speculation in its industrial zones, and highlight recent amendments to Brunei’s Companies Act.
The World Bank forecasts ASEAN growth to remain resilient despite risks from global and regional vulnerabilities. Read more for a country by country breakdown of the WB’s forecasts for developing ASEAN countries in our latest article.