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 […]
EU’s withdrawal of GSP not to affect foreign investment flow in Myanmar: official
Myanmar’s Private Sector to Cooperate With China to Build Agronomics Service Center
YANGON, July 24 (Xinhua) — Two Myanmar private organizations have signed a memorandum of understanding (MoU) with China’s CITIC Construction to implement an agronomics service center project, Myanmar News Agency reported Monday. The MoU, which involves Myanmar Rice Association and Myanmar Agronomics Public Corporation, was signed in Nay Pyi Yaw in the weekend. The project […]
Myanmar sees boost in private investment in agriculture
Investment in agriculture by private companies is increasing in Myanmar, raising expectations that the modernization of the sector will progress at last. Myanmar Agribusiness Public Corp. (Mapco) has built a large rice mill in a bid to boost exports of rice, while Myanma Awba Group has launched a project to build an agricultural chemical factory. […]
Myanmar courting global producers
The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]
Myanmar’s forests face myriad problems as logging ban continues
YANGON – Myanmar’s forests are rich. They are rich in variety, in natural resources, and in wildlife. But they are also rich in danger. “Myanmar’s forests are more in crisis than ever before,” said Faith Doherty, lead forest campaigner at the UK-based Environmental Investigation Agency. “If you just look at what’s happened in the last […]
EU says Myanmar needs ‘space’ to deal with rights abuses
YANGON: The European Union said on Wednesday Myanmar needed “space” to deal with human rights abuses in its restive northwest, adding it would respect the call by country leader Aung San Suu Kyi to avoid the term “Rohingya” to describe persecuted Muslims there. The statement exposes a rift in the West’s approach to the sensitive […]
Myanmar better off in good graces with the West
Two developments stood out in Myanmar’s international relations landscape in 2017: The increasing Chinese influence in the country and the immense diplomatic pressure from international community on the government’s handling of the Rakhine crisis. Analysts cautioned Myanmar against overdependence on China for its development and urged the country to mend ties with the West to […]