As it emerges from a half-century of economic isolation, Myanmar is undergoing an extraordinary surge of foreign investment and international trade. Of all foreign direct investment (FDI) accumulated in the country as of the end of 2013, half had entered in the previous three years, while recorded trade volumes more than doubled from 2009 to 2013.
Foreign investment in manufacturing, already strong, is set to accelerate further with the long-awaited launch of Myanmar’s first special economic zone (SEZ), located near the port of Thilawa about 25 km south-east of Yangon. A greenfield project comprising 2342 ha of former farmland, the Thilawa SEZ aims to simplify the process of foreign investment by providing a ready...
CHATRIUM HOTEL ROYAL LAKE YANGON 40 Natmauk Road Tamwe Township T: +95 1 544 500 F: +95 1 544 400 info.chry@chatrium.com www.chatrium.com Rooms: 300 rooms and suites, with 165 deluxe rooms (40 sq metre), 89 Chatrium club rooms (40 sq metre), 10 corner deluxe rooms (55 sq metre), 7 studio suites (61 sq metre), 8 junior suites (71 sq metre), 15 deluxe suites (75 sq metre), 5...
The launch of the Brunei Insurance and Takaful Association (BITA) in November 2013 was a major event for the insurance industry and a highly anticipated one since plans for its formation were agreed upon in 2011. Bringing for the first time conventional and takaful insurers under one group, BITA is expected to unify the industry, especially in its relations with...
Although the business environment for insurers is challenging, Brunei Darussalam’s small insurance industry continues to expand gradually. Increasingly high court awards to accident victims have impacted the profitability of mandatory automotive and workers’ compensation insurance, while the government’s local business development policies as well as strong support for...
While trade liberalisation through ASEAN will open up opportunities for Brunei Darussalam, the Sultanate may have a larger immediate impact within the smaller sub-region of Brunei Darussalam-Indonesia-Malaysia-Philippines-East ASEAN Growth Area (BIMP-EAGA). Established in 1994 to address the socioeconomic progress of less developed, marginalised and far-flung areas and...
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