What’s on – Hong Kong Macau and Myanmar Chamber of Commerce & Industry

Myanmar to showcase investment projects, reforms in Hong Kong’s Belt and Road forum

The newly-appointed chair of Myanmar Investment Commission (MIC) U Thaung Tun, who is also Union Minister at the Office of the Union Government, is going to lead a delegation to the third annual Belt and Road Summit in Hong Kong this week. Demonstrated by the major economic reforms, the Myanmar government actively and enthusiastically encourages responsible investment in the country. The high-level delegation to Hong Kong, comprising senior policymakers as well as key actors in the private sector, is the latest example of our commitment in this regard. Organised by the Hong Kong Trade Development Council, the Summit will be held…

Kaplan to open first wholly-owned campus in Yangon

Kaplan Myanmar University College, a subsidiary of US educational program provider Kaplan Inc, will open its campus on Pyay Road, Yangon, on 28 June. The Kaplan campus in Yangon will offer University Degree programmes, Professional Certifications, MBA Programmes and short courses. The institution is targeting 1,000 students within one year. It is also planning to open new Kaplan campuses in other Myanmar cities within three years. “Our aim is to equip Myanmar students with credentials and qualifications from an internationally recognised education provider,” Daw Khine Khine Lin, principal of Kaplan Myanmar University College said. The move comes after the Myanmar…

Myanmar opens up for foreign retailers and wholesalers

Foreign businesses and joint ventures are now allowed to carry out businesses in the retail and wholesale sector, according to the latest directive from the commerce ministry. Leading business groups hailed the move as a right step towards attracting inwards investments for Myanmar. The ministry issued the Directive 25/2018 on 9 May, authorising 100% foreign-owned companies as well as joint ventures between international and domestic investors to carry out retail and wholesale businesses. The trade policy is essential for reforming the economy of the country. The liberalisation measure, the directive explained, was to foster competition in the sector to provide…