While Myanmar has been a member of the ASEAN bloc since 1997, its capacity within that organisation – and indeed, within regional and international politics as a whole – was severely limited by the military regime of the time. Indeed, international sanctions and condemnation led to the country skipping its turn as ASEAN chair in 2006, under...
Special economic zones (SEZs) are essential to Myanmar’s development. While the country is liberalising rapidly, the process will take some time. Regulations have to be written, and infrastructure needs to be upgraded in areas with legacy issues.
With its first written records dating back to the 2nd century BC, and archaeological evidence stretching back to 11,000 BC, Myanmar has a long and distinguished history. Over the centuries, successive waves of people have moved across the mountains and plains that now constitute the country, with the Bamar, who became referred to as the...
The business environment is set for dramatic improvements after several burdensome trade restrictions were lifted in 2016. Most notable for foreign investors was the US government’s move to end sanctions on seven state-owned companies and three state-owned banks, with US President Barack Obama promising to further ease sanctions, even as a...
In the wake of sweeping reforms undertaken since 2011, Myanmar’s banking sector has been advancing at a rapid pace to become safer, sounder and better regulated. The majority of banking institutions are rising to the challenge by adopting international best practices, especially in terms of accountancy, and investing in systems that promise to transform the way they operate. Until recently...
Located in the central region of Myanmar, the charming colonial setting of Pyin Oo Lwin has long been a hot-season getaway for locals. Situated in the Shan Highland, 67 km east of Mandalay and at an altitude of 1070 metres, the “City of Flowers” is home to breathtaking waterfalls, stunning gardens and glistening pagodas, as well as many other...
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