In order to gauge commuter perceptions and help shape the future design of Yangon’s circular railway, Myanma Railways and the Japan International Cooperation Agency (JICA) conducted a mass survey last week, asking passengers about the cleanliness and overall service of their train experience.
Concerns have been raised in parliament over the rising cost of poultry and fish prices at the market.
With the new investment law sailing through both houses of parliament this month, formal approval appears imminent, as a signature from the President's Office is all that is required to see it passed. The Myanmar Times sat down with Myanmar Investment Commission secretary U Aung Naing Oo this week to discuss what the new law means for both foreign and local businesses and how the MIC plans to direct investment towards particular sectors and specific parts of the country.
Local businesspeople are optimistic that the country’s new investment law will help create a better environment for domestic and international investors. But the government needs to take care not to spoil the new legislation by making the accompanying rules and regulations overly complicated, they said.
The government is planning an economic policy event in Nay Pyi Taw later this month, which will provide additional details on its plans after a presentation earlier this year disappointed the business sector with a lack of detail.
Myanmar is bottom of a new Economist Intelligence Unit (EIU) index, which ranks Asia-Pacific countries based on how well they prevent illicit trade. But in many areas the government is taking steps to address its failings.
Yangon Region Transport Authority Group has devised a scheme that will see bus owners trade their old buses for car import permission slips, which they can then on-sell to car dealers who are currently unable to ship in new cars due to an import ban.