Myanmar official says ‘totally underestimated’ economic impact of Rohingya crisis

A Myanmar foreign investment official said on Wednesday he “totally underestimated” the economic damage of the Rohingya crisis, adding that the outcry over the jailing of two Reuters reporters would also have some impact on his country’s reputation. Asked at an investor forum in Singapore what impact the crisis had on Myanmar’s economy and investment, […]

Foreign telecoms investment reaches $2.8bn

Foreign investment in the telecoms sector has exceeded US$2.8 billion over the past two years, boosting the country’s economy, according to the first Myanmar Mobile Symposium. The event attracted about 200 representatives from the telecommunication sector to the Hilton Hotel in Nay Pyi Taw on Thursday. It was jointly organised by the three telecom operators, […]

Myanmar Will Hit This Year’s Foreign Investment Target After All, Says DICA Official

Myanmar can reach its target amount of investment for this fiscal year despite a slow start that raised doubts the country would bring in the $6 billion projected by officials, the Directorate of Investment and Company Administration (DICA) has said. U Aung Naing Oo, DICA’s Director General, said that although approved proposals are down more […]