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In the past two years Myanmar’s local banks have begun to feel the pull of internationalisation as foreign firms appear in the country to offer their services. Potential joint venture partners, technology retailers, payment system providers and a wide selection of other products are now at their fingertips. Yet while advancements are definitely...

In March 2011, President U Thein Sein shocked the world in his inaugural speech by taking a new tack for Myanmar’s development, speaking of the need to “open doors, make reforms and invite investments as necessary for development of the nation and the people”. He stated clearly that Myanmar aims to “attract foreign investments” as part of a...

However, the Foreign Investment Law passed in 2012 has a similar package of incentives, which apply to any foreign investment in Myanmar, thereby effectively nullifying some of the advantages of locating in an SEZ.

The “Golden Land”, officially known as the Republic of the Union of Myanmar and formerly as Burma, has undergone dramatic reforms in recent years under the administration of President U Thein Sein. The rapid transition from a military junta to an open economy has surprised the global community, and will see Myanmar assume the ASEAN chair for the...

Buoyed by surging demand driven by rapid economic and demographic growth, the energy sector in Dubai is witnessing a period of significant transformation.

Annual growth of up to 5% in energy demand has been projected by the Dubai Electricity and Water Authority (DEWA) through 2030, reflecting the pace of industrial and economic growth in Dubai. To meet this increased demand, production capacity, transmission and distribution networks have all been expanded. The priority given to energy efficiency...