Singapore is the top source of foreign direct investments into Myanmar in the first quarter of the current financial year 2020-2021, according to the data released by the Directorate of Investment and Company Administration (DICA). The six Singapore-listed enterprises brought in US$161 million into Myanmar between October and December 2020. Singapore companies mainly put investments […]
Myanmar FDI approval misses target, but huge projects expected this year
October 14, 2020 by
Myanmar saw US$5.7 billion worth of foreign direct investments (FDI) approvals during fiscal 2019-20, just around US$100 million shy of its US$5.8 billion target, said U Thant Sin Lwin, Director General of Directorate of Investment and Company Administration. The shortfall was due to the COVID-19 pandemic, which hampered the flow of investments into Myanmar since […]
Yangon to push three large FDI projects to boost economy
September 1, 2020 by
Yangon to push three large FDI projects to boost economy Yangon Region Chief Minister U Phyo Min Thein, who is also chair of the Yangon Investment Committee, has revealed that the regional government is prioritising the implementation of quickly three industrial zones. Speaking at a meeting of the Yangon Investment Committee last week, U Phyo […]
Chinese, Norwegian investors to study projects in Chin
January 21, 2020 by
Chin State government officials say that they have expressions of interest from foreign investors to invest in power-generation projects in the state. This was revealed to The Myanmar Times by Chin State Minister of Development, Electricity and Industry U Soe Htet. The state is among the least developed in the country and is also the […]
7 new power projects aim to satisfy additional power demands NEWS
January 7, 2020 by
Ministry of Electricity and Energy is implementing seven new power projects in order to generate an additional 1,000 MW, said Deputy Minister for Electricity and Energy Khin Maung Win, at a ceremony to open the 66-MW gas-fired power plant in Magway Township in Magway Region. In the summer of 2019, the power plant generated up […]
Yangon Parliament Urges Regional Govt to Seek Legislature’s Approval for Projects
October 7, 2019 by
YANGON—A regional parliament committee that scrutinizes government projects has suggested the Yangon government administration seek the parliament’s approval for 12 projects—worth at least US$10 billion (15.3 trillion kyats)—that the Yangon government aims to build in fiscal 2019-20. The Yangon government submitted a regional planning bill to the parliament last week that includes 149 projects slated […]
Myanmar to use US$1 billion loan for infrastructure projects
September 18, 2019 by
Economic development, agriculture, electricity, and infrastructure projects will be the focus of a framework for loans between South Korea and Myanmar. On September 3, Union Minister for Investment and Foreign Economic Relations U Thaung Tun and South Korea’s Minister for Foreign Affairs Ms Kang Kyung-wha signed the framework agreement under which South Korea will provide […]
Despite unrest, Rakhine State still attracting foreign investor interest
August 15, 2019 by
Foreign investors are still showing interest in Rakhine State despite sanctions and international pressure applied due to the political unrest. And now that the state has better access to electricity, conditions are looking better for businesses to enter the state or expand. Projects related to China’s Belt and Road initiative remain a focus, with the […]
Local government warns tardy cement plant projects in Myanmar
July 15, 2019 by
Myanmar: U Aung Kyaw Thu, the Hluttaw representative of Mon State Parliament and chairperson of the public budget scrutiny, finance planning and economics matters review committee has warned that cement plant projects granted licenses by the Myanmar Investment Commission (MIC) that have not implemented their plans will not be granted permission to extend their licenses. […]
Mottama Development opens new property gallery in Yankin
July 5, 2019 by
Real estate developer Mottama Development Group Co. launched a new property gallery at Maha Land Centre, Kabaraye Pagoda Road to showcase its latest premium office towers, malls and public recreational zones in Yangon on June 29. The projects are expected to contribute to Yangon’s gradual transformation into a metropolis, while creating jobs and elevating the […]
