AEC Feed

An amendment tofo the Myanmar Companies Law is underway, is in the hands of the Bill Committee and will be discussed at the coming parliament session, said Aung Naing Oo, secretary of the Myanmar Investment Commission.
According to the Foreign Direct Investment Promotion Plan, total foreign investment for this fiscal year is expected to hit US$6 billion (Bt207 billion).
The government has carried out necessary policy reforms to create equal opportunities between local and foreign investors. 
The Myanmar Investment Law was passed in late October, and efforts are being made to release bylaws so that the law can take effect in fiscal 2017-18.
The lists of businesses and the investment promotion sector will be released by this month. It is designed to help investors establish companies and give them more protection. – Myanmar Eleven

Alibaba will ‘bring partners’ to Malaysia
The decision by the world’s largest retailer to partner Malaysia in setting up a e-commerce hub is touted by officials as a coup that will grow the economy and create 60,000 jobs by 2025.
Online retail giant Alibaba Group’s tie-up with the Malaysian government to set up a free trade zone is aimed at luring small businesses that want to enter the global market, its founder Jack Ma said yesterday. 
“It’s not Alibaba business in Malaysia...This hub belongs to Malaysia and (is) operated by Malaysians,” he told reporters, referring to the Digital Free Trade Zone launched by Prime Minister Najib Razak on Wednesday.
He declined to discuss how much investment his company would put into the country, saying his interest is to “empower” small businesses by providing Alibaba’s infrastructure and expertise so they can grow.
“The money investment, how large it is, it’s more last-century concept,” he said, “connecting Malaysia with China is a huge investment...We not only talk about money but (also) we bring partners”.
Alibaba’s foray into physical and |virtual hubs in Malaysia came about four months after Ma signed on to be the country’s digital economy adviser, after being invited by Najib. – The Straits Times