In sparsely populated Tanintharyi Region, the site has already been cleared for a special economic zone scheduled to be more than one-quarter the size of Singapore. Yet the project’s future is anything but clear-cut.
The Central Bank of Myanmar (CBM) has published guidelines for financial institutions on managing the risks of money laundering and terrorist financing.
The Myanmar-European Union investment protection agreement could be ready as soon as the beginning of 2016, according to U Aung Naing Oo, director general of the Directorate of Investment and Company Administration.
As Myanmar prepares itself for historic elections in November, Daw Aung San Suu Kyi’s National League for Democracy (NLD) encourages voters to “vote for change”, a slogan that has left investors worried about what that would mean for their businesses.
Businessperson U Khin Hlaing is no stranger to controversy. A well-known entrepreneur and outspoken politician, he currently sits on Yangon City Development Committee, where he was vocal in opposing property developments near Shwedagon pagoda, and is now throwing his hat into the ring to sit in the Pyithu Hluttaw from Yangon’s Kyeemyindaing township.