Only two or three companies will be ready to list on the Yangon Stock Exchange by March, when trading is expected to start, according to an official at the Myanmar Securities and Exchange Commission (SEC).
Foreign nationals will not have to provide tax documents to receive either a business or an employment visa, according to immigration officials, although new regulations had indicated this would be necessary.
Whatever steps the incoming government may be contemplating to spur investment, agricultural experts see little improvement in the short term for rice cultivation. Even long-term development will be a drawn-out struggle, said Myanmar Rice Federation general secretary U Ye Aung.
Myanmar’s crude oil production has plummeted from its peak, and will require new discoveries to reverse the trend, according to U Than Htun, an adviser to Myanma Oil and Gas Enterprise. But some oil industry figures worry that companies will give up oil exploration if the price stays low.
The Central Bank of Myanmar’s new real time settlement system should help create a more liquid secondary market for Treasury bonds, and help banks manage their collateral, the central bank’s deputy governor said.
Hoping to wean drivers off second-hand Japanese cars, LS Auto signed a deal on January 18 to import vehicles from China’s Guangzhou Automobile Group, GAC Motor, starting in March. The deal could open the door for GAC to produce vehicles in Myanmar.
Mandalay jade sellers are still resisting moving to a new market due to open in August. Only a small percentage of apartments at the market have been sold, although the regional mining minister says he believes the market will be a success.
Korean firms are hoping that political stability and a reform-oriented new government will help open Myanmar up to international investment, although the National League for Democracy faces challenges said a senior official for the ASEAN-Korea Centre.