The government has announced it will require more detailed documentation for investment proposals from August 1 following an investigation by The Myanmar Times into repeated transparency failures under the investment body. In a notification signed on July 18 but released on July 22, the Ministry of Investment and Foreign Economic Relations announced a series of […]
Myanmar on the radar as investors shift funds from China
June 27, 2019 by
Myanmar is well-positioned to benefit from the flight of capital to the Asean region as the trade war between China and the US plays out, officials said. ‘’Myanmar is one of the targeted countries for businesses planning to shift out of China to avoid the fallout from the trade war,” Li Fuquan, the chair of […]
Myanmar gears up investment promotion with ‘bold’ plan
May 21, 2019 by
Though some international companies are still in a wait-and-see mood before pouring their money into Myanmar, the nation remains confident that it can attract heavy investment this year, thanks to its ambitious Myanmar Investment Promotion Plan (MIPP). Aung Naing Oo, permanent secretary at the Ministry of Investment and Foreign Economic Relations, said at a workshop […]
Authorities aim to strengthen investment facilitation in related ministries
May 10, 2019 by
The Ministry of Investment and Foreign Economic Relations has pledged to strengthen investment facilitation in related ministries. Speaking at a training workshop in Nay Pyi Taw, U Aung Naing Oo, the ministry’s permanent secretary, stressed the importance of investment facilitation and the role of all investment-facing government agencies in the process. “Investment promotion and facilitation […]
MIFER: Attracting more investment into the country to boost national development
April 24, 2019 by
The Ministry of Investment and Foreign Economic Relations, set up in the incumbent government’s third year in office, works to increase investment in the country so that smoother and effective processes can take place between other union ministries, central organizations, regions and states governments which will, in turn, drive up businesses. The ministry was officially […]
‘Tone from the top’ crucial in anti-corruption: DICA
December 20, 2018 by
There is a lack of awareness about the transparency and corporate governance aspects of the new Companies Law, according to a senior government official, who argued for the importance of tone from the top in combating corruption. The Myanmar Centre for Responsible Business (MCRB) and the Union of Myanmar Federation of the Chamber of Commerce […]
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 […]
