Garment sector sees more investment

Six foreign invested and three local invested firms were given the green light to invest at the first meeting of newly-reorganised Myanmar Investment Commission on May 31.

The meeting was held at Yangon Region branch with 43 items on the agenda, including investment proposals.

The companies receiving approval included garment makers, surgical-equipment producers and a petroleum distributor. They were from Hong Kong, Thailand, Indonesia, Korea and China.

Local firms that received approval include a frozen fish exporter, veterinarian medicine producer, and a producer of construction equipment.

The MIC was reorganised on May 28. The new chairperson is Zayar Aung, Union Minister, Ministry of Energy. Htay Aung, Union Minister of Hotels and Tourism, became vice-chairperson, a newly created position.

Source: ELEVEN Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here