AS INVESTORS await Myanmar’s new moves to open up the economy, the regional government of Yangon plans to unveil its investment strategies at the first Yangon Investment Forum (YIF2018) next week, according to a regional minister. Planning and Finance Minister Myint Taung said at a press conference on Wednesday that Yangon region Chief Minister Phyo […]
Taninthayi holds talks on introduction of a bill on Freshwater fish Enterprise Law
August 3, 2017 by
MYEIK- District level talks on the introduction of a bill on Freshwater Fish Enterprise Law were being held in Taninthayi Region, led by the Speaker of Taninthayi Region Parliament. The fishing and breeding of saltwater fish and prawn play a vital role in the Taninthayi Region- that’s why plan was underway to exactly emerge of […]
Foreign Investment Surge Not Felt in Local Banks
December 16, 2016 by
The government needs to monitor whether foreign investors are using their money or not as foreign currency has yet to inflow into local banks, Khin Maung Aye, chair of Myanmar Bank Association. “Foreign investors are bringing their investment into the country at a time when the Myanmar Investment Commission is giving the green-light to […]
Golden Glory plans IPO to fund Myanmar projects
June 6, 2016 by
YANGON • Golden Glory Group, a developer of Myanmar real estate, is planning an initial public offering (IPO) in Singapore this year as the opening of the market spurs property demand in South-east Asia’s fastest-growing economy. The Singapore-based company is targeting an US$80 million to US$100 million (S$110 million to S$138 million) initial share sale, […]
MIC permits 48 projects in one sitting
April 1, 2016 by
The Myanmar Investment Commission (MIC) approved 48 projects at its meeting on March 25. The MIC’s decisions have been criticised as some of the approved projects belong to companies related to two of former President Thein Sein’s economic advisors—Khin Maung Aye and Ko Ko Gyi. Furthermore, some companies had up to five projects approved that […]
Myanmar emphasis on productivity
September 11, 2015 by
MANUFACTURERS in Myanmar have been told to shift their focus to productivity, following the government’s approval of the country first minimum wage last week, said industry players. Aung Thein, vice chairman of the Myanmar Industries Association (MIA) and managing director of Nibban Electronics, said in an exclusive interview that Myanmar was still competitive in comparison […]
Myanmar’s power supply problems hurt growth
October 11, 2013 by
The opening up of Burma’s economy has generated feverish excitement among international investors. With a population of 60 million, a wealth of natural resources, and a need for just about everything, Burma, also known as Myanmar, is one of the world’s last untapped markets. And yet, while foreign direct investment has increased substantially since most […]
