Approved foreign investment in Myanmar has dropped off since the early years of economic liberalisation. The government now seeks to attract new inflows in an effort to boost exports and employment, reduce the trade deficit and diversify the production base.
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
How do you see AIIB supporting infrastructure development in ASEAN in the coming years?
The expansion of Myanmar’s telecoms market continues to live up to its early promise, with industry reform viewed as the most significant economic success since the military ceded power in 2011. In the relatively short period of time following this, the sector has become an important enabler of socio-economic development by attracting billions...
Myanmar continues to rank low on the World Bank’s annual “Doing Business” report, which measures the investment attractiveness of countries across 10 indicators. However, recent legislation, including the 2017 Investment Law, 2016 Arbitration Law and new anti-corruption measures, have paved the way for a sharp improvement, with the government...
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