Myanmar will focus on drawing investments into healthcare, agriculture, livestock and fisheries and industrial zones in the wake of COVID-19, said U Thant Zin Lwin, Director General of the Directorate of Investment and Company Administration. “We will prioritise attracting investors in these three sectors after experiencing COVID-19 this year. In healthcare for example, businesses that […]
Understanding the impacts of COVID-19 on rural smallholder farmers and food systems in the Ayeyarwady Delta
June 22, 2020 by
Introduction: The COVID-19 Pandemic is jeopardizing economies, healthcare, and food systems throughout Myanmar. Although the health effects will certainly be felt very strongly, it is expected that the negative economic impact on the most vulnerable will be much greater in scope and duration. While it is not possible to fully grasp the geographic reach and […]
Black market fills the gap as drug quotas create shortage of opioids
October 30, 2019 by
Low domestic production and strict controls on the import and distribution of opioid medicines has created a shortage of pain-killing drugs, forcing some to turn to the burgeoning black market for relief. A CALM and peaceful atmosphere prevails at the U Hla Tun Hospice, a palliative care facility in Yangon’s East Dagon Township where treatment […]
FMI posts record profits for FY 2019
July 9, 2019 by
YANGON—First Myanmar Investment Public Company Limited (FMI) posted revenues of 297.7 billion kyats (US$196.3 million) for fiscal year 2019, a 36-percent increase over last year, the company’s chief operating officer announced at a press conference over the weekend. FMI—a part of the Yoma Group of companies—attributed the growth to strong performances from its Yoma Bank […]
FMI sees strong growth in finance, invests in real estate, tourism
July 4, 2019 by
Despite a drop in earnings in FY2019, Yangon Stock Exchange-listed First Myanmar Investment Public Company Ltd (FMI), said it continues to see potential for long term growth in finance, healthcare, real estate and tourism, the main sectors in which its businesses are involved. While earnings dropped by almost 42 percent to K14.4 billion for the […]
THG’s Yangon hospital taps high-end demand
May 31, 2019 by
Thonburi Healthcare Group (THG) has expended its presence in Myanmar by opening a new private hospital in Yangon in March to leverage the country’s growing demand for higher-end healthcare. The group said Ar Yu International Hospital will serve as an alternative for Myanmar citizens and expatriates instead of travelling to Thailand. The new hospital is […]
Sea Lion launches US$10 million storage, logistics facility
March 28, 2019 by
Sea Lion , which provides services in healthcare, biomedical, life science, technical education and industrial automation in Myanmar, yesterday opened a Distribution Solutions Centre worth US$10 million to improve supply chain efficiency and to and to fulfill rising and changing demands of customers in Kyan Sitt Thar Industrial Zone, South Dagon Township, Yangon. Spanning over […]
FMI changes name, revises constitution
January 16, 2019 by
Yangon Stock Exchange-listed First Myanmar Investment (FMI) Company announced on Saturday that it will be adopting a new name and constitution in accordance with the Myanmar Companies Law. At the first special general meeting held in Yangon’s National Theatre, the firm said that a new constitution will replace current memorandum and articles of association, as […]
Myanmar to hold investment fairs to spur development
October 12, 2018 by
Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]
