YANGON—Myanmar inked an agreement with Singapore on Tuesday to promote and protect investment between the two countries, paving the way to boost trade relations. As of February, Singapore is Myanmar’s largest source of foreign investment. The city-state has invested more than US$22 billion (33.6 trillion kyats), nearly 30 percent of total foreign investment in Myanmar, […]
Domestic businesses need to lobby govt to liberalise economy
August 6, 2018 by
Those who expect the government alone will deliver economic reforms are barking up the wrong tree. Domestic businesses need to play their part and push for reforms. The Myanmar government recently appointed a competent finance minister and decided to retain the central bank governor. These appointments and changes warrant a review of how the executive […]
Myanmar’s Post-Election Future With India
December 1, 2015 by
The November 8 election in Myanmar produced a stunning victory for the opposition National League for Democracy (NLD) and its leader Aung San Suu Kyi, who trounced the military-backed Union Solidarity and Development Party. However, a clause in the constitution will prevent Suu Kyi from becoming president, and the military is not likely to relinquish […]
Myanmar defends lacklustre bond sale
February 9, 2015 by
YANGON — Myanmar’s Central Bank on Thursday defended its first sale of government debt under the reformist regime as “successful”, despite selling less than half of the US$50 million offering, as it looks to finance rising state spending. In the latest of a string of economic reforms under the quasi-civilian government that replaced military rule […]
Economic reforms gain momentum
December 31, 2014 by
It’s been almost four years since President Thein Sein came to power and launched his reform programme. This year sees Myanmar attempt to connect to the global economy. The economic reform is a long road ahead that requires strong efforts from both the government and private sectors. There is some progress, especially in the liberalisations […]
Myanmar’s financial sector still weak, say experts
December 4, 2014 by
Myanmar’s financial sector is still weak compared with other economic development sectors, said experts from home and abroad at the Seminar on Myanmar’s Economic Transition; Issues and Options held in Yangon on Nov 30. Tin Win Aung, chairman of Myanmar Institute of Economic Graduate Association said, “One of the weak sectors among others is the […]
Shwelinpan low-cost housing to go on sale
June 10, 2014 by
Apartments in the Shwelinpan low-cost housing project in Hlaingthaya Township will be sold by end of June, according to Department of Human Resettlement and Housing Development. The project so far has ten buildings, each four storeys high with six apartments per floor, comprising of 468 square feet each. Prices range from US$13,000 and U$12,500 and […]
Mitsubishi Electric to Open Yangon Branch
April 24, 2014 by
Mitsubishi Electric Corp said its Singapore-based subsidiary, Mitsubishi Electric Asia Pte Ltd, will establish a branch office in Yangon. The Japanese electronics giant said the new office, which will start operations on April 25, will coordinate Mitsubishi Electric’s efforts to expand business in Myanmar by conducting market research, collecting information and providing support for infrastructure […]
Manufacturing Sector Receives Most FDI
January 15, 2014 by
Over half of the total foreign investment made in the current 2013-14 financial year went into Myanmar’s manufacturing sector, a top Myanmar Investment Commission (MIC) official said. “Manufacturing sector has developed significantly during this financial year. More than 80 percent of the foreign investment came to this sector,” U Aung Naing Oo, director general of […]
