Foreign investor interest in the garment manufacturing sector is still strong despite a fall in the volume of garment exports in fiscal 2019-20, according to the government. Of the 178 foreign enterprises endorsed by the Myanmar Investment Commission (MIC) and permitted to invest in Myanmar between October 1 and May 31, more than three quarters […]
Myanmar’s stock exchange promoted
September 4, 2019 by
Government and financial officials in Myanmar have held an event to attract investors to the country’s first stock exchange, which is still immature. The Yangon Stock Exchange was established with the help of Japanese businesses three years ago. But so far only five companies are listed on the market. The officials invited domestic and foreign […]
South Korean president to visit Myanmar on sept. 3
August 27, 2019 by
South Korean President Moon Jae-in and his wife will pay a state visit to Myanmar on Sept. 3 at the invitation of the Myanmar President and First Lady. The visit will be part of Moon’s six-day tour of the region beginning Sept. 1 to build closer ties with Southeast Asian countries. He will first visit […]
Myanmar Citizens Bank to increase SME access to finance
August 19, 2019 by
Yangon-listed Myanmar Citizens Bank (MCB) inked an agreement with the International Finance Corporation (IFC) to increase access to finance for small businesses and individuals. The IFC will provide advice to the public lender to transform and modernise its business operations to better serve small businesses. The project will be delivered over two years and will […]
How to Read a Weird Evidence-Based Yangon Consultancy Report
July 4, 2019 by
Yangon’s INGOs are full of consultancy reports which offer “professional” opinions about conditions in Myanmar. NGOs, INGOS, and UN agencies investigate transitions regarding democracy, environment, federalism, ethnicity and, of course, gender. These are the subjects that donors are interested in—and thus willing to pay consultant companies tens of thousands of dollars to “research.” This is […]
Daw Suu pitches Myanmar to ASEAN, vows to improve business environment
November 15, 2018 by
State Counsellor Daw Aung San Suu Kyi in Singapore yesterday sought to drum up investor interest in Myanmar, couching the country’s economy as “Southeast Asia’s final frontier market with innumerable investment opportunities.” Daw Aung San Suu Kyi was delivering her keynote speech at the 2018 ASEAN Business and Investment Summit in the city state, where […]
Businesspeople Urge State Counselor to Reduce Tax And Loan Interest Rates
September 4, 2018 by
Leading businesspeople urged State Counselor Daw Aung San Suu Kyi to reduce tax and bank loan interest rates during a meeting in the administrative capital Naypyitaw on Tuesday. Potential investors are maintaining a wait-and-see attitude and Myanmar’s economy is experiencing a slowdown, said leading builder U Maung Weik. Reducing bank loan interest and tax rates […]
Thilawa SEZ attains over US$120million FDI in two months
June 2, 2017 by
Over US$122million of foreign direct investments flowed into Thilawa Special Economic Zone (SEZ) so far in the current Fiscal Year 2017-2018, under previously permitted investments by Myanmar Investment Commission increasing. The investors from 16 foreign countries put investments into Thilawa.Last Fiscal Year 2016-2017 saw FDI of US$262.588million. Thilawa received FDI of nearly US$ 980million, including […]
PTTEP Plans New Asia Investment
June 1, 2017 by
Thailand’s largest oil and gas explorer PTT Exploration and Production Pcl (PTTEP) is planning new investments or an extension of its operations in fields in Thailand, Malaysia and Myanmar, it said last Tuesday. In Thailand, state-owned PTTEP would bid to extend its concession to operate the Bangkok gas field beyond the existing expiry date of […]
Siemens, MMH join hands for port operations
May 12, 2017 by
Siemens, a global powerhouse focusing on the areas of electrification, automation and digitalisation, plans to expand its business in Myanmar by providing Myanmar’s ports with technology and solutions in cooperation with a local counterpart, Myanmar Mahar Htun Co (MMH), according to Christian Beckers, head of business development at Siemens Myanmar and Cambodia. Beckers said in […]
