Forty-six countries have already signed the new Singapore Mediation Convention (Convention), including the US, South Korea, China, Malaysia, India and Singapore itself. I would encourage Myanmar to also sign. This would provide another welcome alternative to the conventional court system for the resolution of international commercial disputes. One of the problems international businesses face in doing […]
Continue ReadingCentral Bank deputy chief says businesses should pay loans
Posted on by All-Myanmar
Banks have a fiduciary duty to ensure that the financial system remains sound and secure by adhering to regulations. Central Bank of Myanmar (CBM) deputy governor U Soe Thein said in remarks to the Pyidaungsu Hluttaw on August 27 that this included ensuring that depositors do not lose their money and that banks collect what […]
Continue ReadingLexisNexis to Help Develop Property Data System for Myanmar’s Commercial Capital
Posted on by All-Myanmar
YANGON—The Yangon regional government on Wednesday signed a memorandum of understanding (MOU) with LexisNexis Southeast Asia, a provider of information analytics, to help set up a reliable housing and real estate information system (HREIS) for Myanmar’s commercial capital. According to the regional government, LexisNexis will carry out the initial analysis for the HREIS, the first […]
Continue ReadingChinese firm in talks to develop industrial zone
Posted on by All-Myanmar
A Chinese firm is the latest foreign investor to express an interest to develop an industrial zone in Hlaing Thayar township in the commercial capital of Yangon, where land nearer to downtown townships have become scarcer in recent years. Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) chair U Zaw Min Win […]
Continue ReadingUS$1 billion smart city project kicks off with agreement
Posted on by All-Myanmar
The government through the Ministry of Construction and Bangkok-based Amata Corp pcl signed a framework agreement on August 22 to jointly develop the Smart and Eco City located in East Dagon township, northeast of downtown Yangon. Although termed an industrial zone project, the US$1 billion Smart and Eco City’s first phase of 2,000 acres comprises […]
Continue Reading