Hong Kong business and those already present in Myanmar expressed a keen interest in Myanmar’s significant investment potential including areas as diverse as energy, transport, banking and finance, retail and services during a recent webinar organized by the Myanmar-Hong Kong Chamber of Commerce and Industry. As a guest of honour delivering a keynote address, U […]
Singapore tops source of FDIs in Myanmar in 2020-2021FY
October 12, 2020 by
Singapore has remained as the top source of foreign direct investments into Myanmar in the current financial year 2019-2020, according to data released by the Directorate of Investment and Company Administration (DICA). The 20 Singapore-listed enterprises brought in US$1.85 billion into Myanmar in the past financial year 2019-2020. Singapore companies mainly put investments into urban […]
Hong Kong top FDI source for Myanmar this fiscal year
June 22, 2020 by
Hong Kong has emerged as the top source of approved foreign direct investments (FDI) into Myanmar in the first seven months of fiscal 2019-20, accounting for around 32 percent of the overall commitments. From October 2019 to April 2020, the total number of FDI commitments from 39 entities registered in Hong Kong amounted to US$1.3 […]
VPower, CNTIC form JV to operate Myanmar emergency power plants
February 18, 2020 by
Hong Kong-listed VPower Group has set up a 50-50 joint venture with a Chinese state firm to develop three power plants in Myanmar as part of the government’s bid to stop power cuts this year. VPower, which enjoys close links with investment bank CITIC, and state-owned China National Technical Import & Export Corporation (CNTIC) will […]
Two Chinese Airlines Start Direct Flights from Yangon
November 6, 2019 by
Yangon Aerodrome Co Ltd, operator of Yangon International Airport (YIA), has announced the launch of Qingdao Airlines’ direct flight between Yangon and Ningbo in Zhejiang, China. Qingdao Airlines will operate an Airbus A320 aircraft with the capacity for 180 passengers for the new service that will operate every Monday and Friday between Yangon and Ningbo, […]
Myanmar to collaborate with Hong Kong on BRI projects
September 26, 2019 by
Myanmar is set to cooperate with Hong Kong in addition to other countries along China’s Belt and Road Initiative, announced Minister of Investment and Foreign Economic Relations U Thaung Tun during the Fourth Belt and Road Summit 2019 in Hong Kong on September 11 and 12. The summit was organised by the government of Hong […]
Yangon welcomes first Hong Kong business chamber
September 23, 2019 by
Yangon Region Chief Minister U Phyo Min Thein welcomed the establishment of the Myanmar-Hong Kong Chamber of Commerce and Industry (MHKCCI) and urged more Hong Kong manufacturers to set up shop in the commercial capital. The MHKCCI was launched on September 3 to promote responsible investment in Myanmar and attract market entrants into the country. […]
Foreign casino operators looking to set up in Myanmar
August 13, 2019 by
A number of casino operators from Hong Kong, Taiwan and Macau have enquired about operating casinos in Myanmar following the passing of the Gambling Law 2018 in May, which replaced an earlier law from 1986. Directorate of Investment and Company Administration acting director-general U Thant Sin Lwin said casino operators from Hong Kong, Taiwan and […]
Authorities approve Htantabin, Hlegu projects
July 23, 2019 by
Members of Parliament (MPs) for the regional Hluttaw of Yangon has finally given the green light for the Htantabin and Hlegu industrial park projects to the north of Yangon city. The MPs approved both projects after Minister of Karen National Affairs Naw Pang Thinzar Myo, who is also the chair of the Yangon Region Investment […]
