Doing business with rights violating regimes corporate social responsibility and myanmars military junta ian holliday abstract. Not only burma was a historical part of ancient and medieval india it was also a very major trading partner of. Business administration and compliance in myanmar put together by. If the plans and investment projections of myanmars operators are an indicator. The country operations business plan cobp, 20162018 is consistent with the strategic directions of the interim cps, 20122014 extended to 2016, and thus closely aligned with the government development planning framework and adbs strategy 2020. Continue reading business investment opportunities in myanmar burma posted in myanmar business, myanmar business service, myanmar. Kamal hossain and associates, on key issues on merger control in bangladesh. There are two principal ways to effect a takeover of a bahraini public company. Posts about myanmar business written by myanmar capital. Myanmar business guide since the reopening of the myanmar economy in 2011, the country has undergone significant economic and legislative reforms and political transformation.
The partners have worked with both preeminent law firms and local banks and as such, have extensive experience in servicing foreign companies, agencies and individuals who have been keen to explore and invest in the. A large and populated country just opening its doors to foreign companies and investors, myanmar is rich with opportunities in many sectors. Enterprise merger means the agreement by two or more enterprises to the transfer of all legitimate assets, rights, obligations and interests into a merger to become an existing or new enterprise. Title foreign direct investment relations between myanmar. What was supposed to be a peaceful protest march last week over a proposed new education law turned ugly after myanmars police clashed with student protesters, monks and journalists. This is part of our collection of over 120 maintained national merger control. When forming or registering a business in myanmar, generally two options exist for foreign investors. These changes have placed modernday myanmar back on the international investment radar and have seen the nation coined the last frontier. Myanmar business today mbt is myanmars largest circulating business publication. Investment rules 2017, which repealed and replaced. It reflects an agreed gradual shift towards increased sector focus and selectivity, focusing on transport, energy, and education and training. Mbt became one of the first foreigninvested media houses myanmars reformera when thailands established publishing company tpn.
The new law introduces a merger control regime and establishes the myanmar. Permitted enterprises by myanmar investment commission20 2016 no name of company location type of investment business form of investment date of issue remark 1 ocean muse fisheries limited plot no. Permitted enterprises by myanmar investment commission20 2016. The purposes of the subject foreign trade and business in the union of myanmar are the following. Put together by pricewaterhousecoopers myanmar, the following guide covers many aspects of myanmars business landscape, from regulation and taxes to sectors overviews and incentives for investment. Doing business with rights violating regimes corporate. It reflects an agreed gradual shift towards increased sector focus and selectivity, focusing on transport, energy, and. Overview myanmar s 1,930 km long coastline, amounting to a quarter of its total perimeter, face the bay of bengal in the west and the andaman sea in the south. The political and economic challenges of myanmars future now, according to headlines from the west, little or nothing seems right. Cambodia, the lao peoples democratic republic, myanmar, viet nam. The political and economic challenges of myanmars future. Who we are about adb, how were organized, transparency.
Its main purpose is to provide much needed information on businesses in myanmar and the conditions they face. Indeed, our sbf national business survey 201516 showed that myanmar is the most popular country for singapore companies venturing overseas. But if there is one thing investors and business dislike, it is instability, and security in the country is a major worry. A key indicator is the influx of new foreign investments from the united kingdom, netherlands, norway and sweden. Business and investment opportunities in the new myanmar kindle edition by kwr international, inc download it once and read it on your kindle device, pc, phones or tablets. Marcel tjia, ceo of interra resources, says the frontier market has adopted a pragmatic, businessfriendly approach towards foreign fdi. Case study myanmar final alliance for affordable internet. Where to invest and how to start a business in myanmar. State level and the penalties applied at the community level for breach of merger rules. Mar, 2015 on february 24, 2015, myanmar enactedits competition law the pyidaungsu hluttaw law no. Myanmar most popular country for singapore companies. With a long coastline and well served by thousands of miles of inland waterways, myanmar has enormous potential for fisheries, and as a transportation hub. It covers the countrys history, demographics and market size, political environment, economic conditions and industries, legal framework including how to start a business, cultural idiosyncrasies including religious. Myanmar, branded by the international monetary fund as asias final frontier has a population of 60 million and a growing gdp per capita at 7 to 8% annually.
The brunei competition order 2015, was gazetted in 2015 with the objectives to promote market efficiency and consumer welfare towards economic development in brunei darussalam. Doing business in myanmar 1 all southeast asian cultures are distinct from one another and none more so than myanmars. What we do projects, publications, products and services, operational priorities, and development knowledge. The government continues to work towards bringing all ethnic armed groups into a political. Economies are ranked on their ease of doing business.
Foreign investment law in myanmar, which allows foreign investors to invest in myanmar fully in long term land permits, detaching tax and law for intellectual property will be established in myanmar before the beginning of new fiscal year, weekly eleven news journal reported. Current figures on formal financial inclusion in cambodia show an inclusion rate of 59%. In the belief that inclusive and responsible business can help consolidate the ongoing peace process, peacenexus has offered its assistance to this endeavour. Foreign investment law in myanmar, which allows foreign investors to invest in myanmar fully in long term land permits, detaching tax and law for intellectual property will be established in myanmar before the beginning of new fiscal. Over the past few years myanmar has experienced a number of dramatic transitions that have restructured its economy, rapidly changing its unique landscape and gradually enriching the social welfare of its people. Moreover, as the country modernizes, there will be huge opportunities to build infrastructure such as roads and power supplies. Myanmar peace center to support the karen national union knu in the identification of business opportunities that benefit the local population in the kayin state.
The opportunities and risks of investing in myanmar. Dialogue, opportunities and risks in businesstocommunity and business tobusiness relationships in myanmarburma a report of two multistakeholder workshops on. Ten critical challenges june 24, 20 priscilla clapp retired ministercounselor, u. It covers the countrys history, demographics and market size, political environment, economic conditions and industries, legal framework including how to start a business, cultural idiosyncrasies including religious issues, language. Marcel tjia, ceo of interra resources, says the frontier market has adopted a pragmatic, business friendly approach towards foreign fdi. The investment outlook should be one of cautious optimism. Use features like bookmarks, note taking and highlighting while reading business and investment opportunities in the new myanmar. Carrying on business under the myanmar companies act the companies act governs the activities of both locally and foreign incorporated companies wishing to carry on business in myanmar and is in a form similar to early australian and english company law codes which were the foundation of the current company law in those. Lao pdr lays foundation for competition regime legal tax. However, myanmar also presents several technical and legal challenges to be managed and overcome by new comers. Work with us careers, business opportunities, and investor relations. Doing business 2017 is the 14th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it.
The answer you are looking for is yes lets talk about history a bit, which many of these answering self made pundits have missed out. We own and operate some of the largest online portals in myanmar. Permanent secretary u htain lwin said yesterday that operational changes and job cuts have been minimal. All sectors, industries and markets within the csme 9.
Business services companies in myanmar including rangoon, and more. Myanmar wording of the second fiveyear plan 201617 to 20202021 thousand aims to promote economic growth by encouraging investment in the public and private sectors through the manufacturing process, as reported by the agency xinhua news xinhua reported that the second five year plan will be. On the whole, myanmar has made great strides in the last seven years and the transformation is commendable. Dialogue, opportunities and risks in businesstocommunity. Only a short plane ride from hong kong or singapore, you can leave the developed world and be transported back to the 1950s in myanmar which was at the time the rice bowl of asia. Business and investment opportunities in emerging myanmar. The country operations business plan cobp, 20162018 is consistent with the strategic directions of the interim cps, 20122014 extended to 2016, and thus closely aligned with the government development planning framework and adbs strategy. Whether to do business with rights violating regimes is one of many dilemmas faced by socially responsible corporations. Myanmar legal eminence mle was founded in early 2015 by three myanmar lawyers. Aug 17, 2016 the answer you are looking for is yes lets talk about history a bit, which many of these answering self made pundits have missed out. Myanmar businesses for sale and investment opportunities.
Just a 3 hour flight and a few hundred dollars, and your perspective is altered forever. A merger between the ministries of electric power and energy, ordered by the new government in march, is now complete and the new structure will be submitted to the cabinet for approval, officials said. The consumer market is relatively young and offers great potential for suppliers of basic goods and services. Business acquisition means the agreement of any enterprise to purchase part or the total assets of another enterprise thereby assuming ownership and. Myanmar highly appreciates foreign direct investment fdi as a key solution. It is myanmars first and the only bilingual englishmyanmar business newspaper, and is distributed in myanmar and thailand. It will come in handy for companies, investors and professionals willing to benefit. Yangon, myanmar mergers and acquisitions lawyers and law.
Business opportunities in myanmar linkedin slideshare. Myanmar business today first bilingual business journal. On february 24, 2015, myanmar enactedits competition law the pyidaungsu hluttaw law no. Registration under the fil enables the investor to enjoy tax incentives, longterm land lease options and other incentives. Doing business with rights violating regimes corporate social. These work in conjunction with the myanmar investment law 2016 mil and myanmar. To know the business opportunities in the union of myanmar. Proposed scope and application of the csme merger policy 8. A conversation with sharif bhuiyan, partner, and maherin khan, senior associate, at bangladeshi law firm dr. The subject doing business in myanmar belongs to the following online higher education programs taught by eeni global business school. This barcode number lets you verify that youre getting exactly the right version or edition of a. Morethis book is a practical and comprehensive guide to succeeding in doing business and investing in emerging myanmar. Investors are also waiting for the myanmar investment commission to roll out by laws and. Doing business in burma market overview market challenges market opportunities market entry strategy market overview return to top since 2011, the government of burma has undertaken reforms to open burmas economy to the global marketplace.
An assessment of business opportunities in the kayin state. Where we work countries with operations and subregional programs, country planning documents. Bangladesh merger control lexispsl, practical guidance for. In myanmar, adults with access to at least one formal financial product increased from 30% in 2014 to 48% in 2018, surpassing the initial 2020 targets of 40%. On 1 august 2017, the competition commission of brunei darussalam was established as an independent body that is mandated to promote business competition in brunei. Myanmars new companies act can be game changer nikkei. Jun 14, 2016 myanmar is the new frontier for business in southeast asia. Golden opportunities in the golden land myanmar union of myanmar federation of chambers of commerce and industry 29, min ye kyawswar road, lanmadaw township, yangon tel. Business in asia, international business, foreign trade eeni doctorates and masters in global business adapted to the burmese. The greater submekong region is in the midst of a coordinated push towards inancial inclusion. Through business missions like this, singapore businesses can see firsthand myanmars business landscape and emerging opportunities, he said. With a population of approximately 52 million, myanmar will be a significant market for many goods and services.
360 1024 74 830 845 1227 1477 321 592 1125 41 1028 878 188 1149 1438 1108 210 1033 326 933 1247 858 935 1273 378 1065 550 656 1329 240 720 486 976