Statistics

Singapore tops FDI list in Myanmar in Q1

January 18, 2021 by Thiha

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 […]

Filed Under: Latest News Tagged With: committees, DICA, Directorate, enterprises, FDI, investments, investors, projects, singapore, Statistics

EU’s withdrawal of GSP not to affect foreign investment flow in Myanmar: official

October 31, 2018 by Thiha

YANGON, Oct. 28 (Xinhua) — The European Union (EU)’s probable withdrawal of its Generalized Scheme of Preference (GSP) will not impact the foreign investment flow in Myanmar, the official Global New Light of Myanmar quoted an investment administration official as saying Sunday. This will be due to the fact that EU countries have never been […]

Filed Under: Latest News Tagged With: Britain, China, China's Hong Kong, Deputy Director General, DICA, Directorate of Investment and Company Administration, EU countries, EU Trade Commissioner, European Investors, foreign investment flow, Generalized Scheme of Preference, Global New Light of Myanmar, GSP, Myanmar, Netherlands, Rakhine issue, singapore, Statistics, Thailand, The European Union, U Than Aung Kyaw, U.S. dollars

Myanmar launches new companies law to adapt to current age

August 3, 2018 by Thiha

YANGON, Aug. 1 (Xinhua) — Myanmar has instituted a new companies law after amendment of its outdated Companies Act-1914 to adapt to the current age, registering an important milestone with its measures of promoting foreign investment. The new Myanmar Companies Law-2017 comes into effect from Wednesday, enabling a company’s registration process to be done electronically […]

Filed Under: Latest News Tagged With: authorized capital, chairman, China, Companies Act-1914, company's registration process, entrepreneurs, export, FDI, financial reports, foreign capital flow, Foreign Direct Investment, foreign investment, foreign investors, import, insurance, Local Businessmen, Master Plan, Minister, Myanmar Companies Online system, MyCO, new Companies Law, new urban development projects, Public-Private Partnership, singapore, single director, single shareholder, Statistics, Stock Market, Thailand, U Thaung Tun, U.S. dollars

Number of days for tourist visits to Bagan cut

July 6, 2018 by Thiha

The number of days that tourists can spend in Bagan’s ancient cultural zone has been reduced from five to three starting this month, said U Kyaw Lwin Oo, director general of the Department of Archaeology and National Museums, on Sunday. “We feel the new number of the days is enough for a trip. Three days […]

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Myanmar region woos French FDI

May 2, 2018 by Thiha

Myanmar’s underdeveloped Tanintharyi region bordering Kanchanaburi province plans to attract European investment mainly from French companies in the months to come, according to Phyo Win Tun, planning and finance minister of the Tanintharyi region government. “At the regional government, we frequently receive business delegations from Europe, including France, Italy, Czech as well as from other […]

Filed Under: Latest News Tagged With: Artelia Group, Aung Naing Oo, BYMA, Canada, China, construction, Czech, Dawei Special Economic Zone, Dawei Special Economic Zone Management Committee, DICA, Director General of DICA, Directorate of Investment and Company Administration, Energy, Engie Group, Europe, European investment, Fisheries, France, France-Myanmar Chamber of Commerce, French Ambassador Olivier Richard, French companies, French Development Agency, French investments, Italy, Japan, Phyo Win Tun, planning and finance minister, president, Schneider Electric, Statistics, Suez Consulting, Tanintharyi Region Chamber of Commerce and Industry, Tanintharyi Region Government, Tanintharyi’s Chief Minister Lae Lae Maw, Thailand, Thingyan Festival, Tractebel Group, Ye Htut Naing

No approvals required for commercial livestock farming investments below $5M

March 8, 2018 by Thiha

Only capital investments in commercial livestock farming exceeding $5 million or K6 billion will require approval from the Ministry of Agriculture, Livestock and Irrigation, according to the Myanmar Investment Commission on Wednesday. Investments in commercial livestock farming below $5 million will no longer require government approval. Investments in livestock and fisheries, which include those in […]

Filed Under: Latest News Tagged With: capital investments, commercial livestock farming investments, data, Directorate of Investment and Company Administration, Fisheries, foreign investments, investment activities, Livestock, Ministry of Agriculture Livestock and Irrigation, Myanmar investment commission, state and regional investment committees, Statistics

Government Commits to Long Term Aquaculture Development; Starts Dialogue on Issues

February 9, 2018 by thiha

Myanmar has taken its first major step towards developing a sustainable aquaculture industry that will meet domestic dietary needs and support the country’s fishery exports business at a time when wild fish stocks are declining rapidly. “The fisheries sector is one of the most important for our ministry, contributing to the protein needs of our […]

Filed Under: Latest News Tagged With: Bangladesh, CESD, Coastal States of Ayeyarwady, Cyclone Nargis, Department of Agriculture, Department of Agriculture Land Management, Department of Fisheries, DoF, DoF Director General U Khin Maung Maw, Dr Aung Thu, Dr Kyaw Tun Myint, EU Ambassador to Myanmar, Europe, Executive Director at the Centre for Economic, irrigation, Kristian Schmidt, Livestock, MADB, MEB, Middle East, Myanmar Agriculture Development Bank, Myanmar Economic Bank, Myanmar National Economic Policy, MYSAP, MYSAP Launch, NADP, National Aquaculture Development Plan, Nay Pyi Taw, rakhine, social development, Statistics, Thailand, The Myanmar Times, U Zaw Oo, Union Minister of the Ministry of Agriculture, United Nations, us, Vice President of the Myanmar Fisheries Federation, Vietnam

Myanmar Watermelon Nabs China’s Off-Season Market Share

October 27, 2017 by Thiha

China’s domestic watermelon season ends in October—except for in Hainan where a small quantity of watermelon is being grown. Watermelons from Myanmar, however, are just coming into season. Myanmar’s watermelon is an off-season fruit that usually lists from November to May of next year. At present, Myanmar’s watermelon has taken over 80% of China’s off-season […]

Filed Under: Latest News Tagged With: China, China-Myanmar Border, China-Myanmar watermelon trade, China's Off-Season Market Share, China's Yangtze River, China’s domestic watermelon season, Chinese farmers, Chinese importers, Chinese Market, Exports, fruit-industry park, Labor Costs, military conflict, Myanmar Watermelon, Myanmar watermelon production and sales organization, Myanmar‘s watermelon wholesale price, Myanmar’s watermelon, Northern Myanmar, president, Ruili port, Shandong, Statistics, USD, watermelon exports, winter season, Wu Naiwen, Yuan

Border trade down by $165 million

September 5, 2017 by Thiha

The value of border trade from 1st April to 25 August this fiscal year was down by US$165 million when compared to that in the same point of last fiscal year. Border trade from 1st April to 25 August this fiscal year hit $2.77 billion — $1.65 billion in exports and $1.12 billion in imports, […]

Filed Under: Latest News Tagged With: Bangladesh, Border Trade, Chin Shwehaw, China, Exports, HteeKhee, Imports, India, India via Tamu and Reed, Kanpiketee, Kawthoung, Kengtung gates, Lweje, Maese, Maungtaw, Ministry of Commerce, Muse, Muse border trade camps, Myawady, Myeik, Sino-Myanmar border trade, Sittway, Statistics, Thailand

Timber group replaces sub-contractors with service providers

August 8, 2017 by Thiha

This comes after it previously said no more sub-contracts would be issued. It announced that the decision to hire service providers was due to the MTE’s capacity limits. Experts have questioned the differences between sub-contractors and service providers and argued that transparency is essential in any reformed processes. Last year, the MTE announced that it […]

Filed Under: Latest News Tagged With: Brazil, central office, chair of the Myanmar Forest Product Merchant Federation, Danish authorities, Danish timber company Keflico, deforestation rates, Denmark’s market, Deputy General Manager, EIA, eu, EU Market, European Union rule, European Union Timber Regulation, EUTR, export, Forestry Law, hardwood, Indonesia, MTE, Myanmar, National League for Democracy, NGO Environmental Investigation Agency, NLD, organisation plan, profit shares, projects, Proposals, Raw Timber Logs, Salai Cung Lian Thawng, Scandinavian country, Service Providers, SOE, State-owned Enterprise, Statistics, strategic adviser of Pyoe Pin Programme, sub-contracts, Sweden, teak, timber experts, Timber group, U Khin Maung Kyi, U Sein Win, United Nations Food and Agriculture Organisation, vehicles