Land prices for Thilawa SEZ will be competitive with other countries’ projects in ASEAN, according to SEZ Management Committee Chair U Set Aung.
Mandalay may have once been a city of bicycles, but for its million residents, imported motorcycles are now the ride of choice. Currently dominated by low-cost imports from China but eyed by higher-end firms, it is a market dealers and manufacturers say will only pick up speed.
Fundamental problems with Myanmar’s banking system are deterring traders from using banking services in cross-border transactions, casting doubt on official figures for import and export volumes and revenue.
A law to regulate intellectual property – covering matters of copyright, design, trademarks and patents – could finally be passed later this year as the latest draft is now undergoing legal review before its submission to parliament.
Asia is well positioned to capitalise on favourable global trends and enjoy steady growth in 2014–15. With vigilance and further reforms, the region should remain resilient to global risks and continue to be a dynamic force driving the strengthening global recovery, writes Yu Ching Wong.
Would-be investors in the Kyaukpyu SEZ in Rakhine State are awaiting invitations to tender, but no date has yet been set for the issuance of these as experts work on a master plan for the zone.