Myanmar plans to increase FDI in agriculture sector

In a bid to increase investments in the local farm sector, the Directorate of Investment and Company Administration is planning to link the agriculture and industry sectors, its deputy director-general said. Currently, only 0.15 percent of foreign direct investment flowed into the country’s agriculture industry. That is why the government has arranged to link the […]

Rice bosses bemoan lack of investment

Myanmar’s agriculture sector faces development challenges and it received no significant inflows of foreign investment in the past five years, according to the Myanmar Rice Federation. The Directorate of Investments and Company Administration said agricultural foreign direct investment (FDI) was US$7.2 million during the 2015-16 fiscal year. The sector received US$138.8 million in 2010-11 and […]

Foreign businesses invited to invest in Myanmar’s SEZs

Nay Pyi Taw –The Myanmar Investment Commission (MIC) invited international investors to work in Myanmar’s three special economic zones – Thilawa, Dawei and Kyaukphyu – at the 11th Asean Business and Investment Summit on November 12. Aung Naing Oo, the secretary of the commission said, “We are inviting investors who are interested in Thilawa to […]

China resets ties with Myanmar with USD eight billion deals

Seeking to reset ties with Myanmar, China today signed USD eight billion trade deals with its southern neighbour after relations went through a turbulent period following the country’s gradual transition to democracy from years of Beijing-backed military rule. The two countries signed several trade agreements worth about USD 7.8 billion after talks between Chinese Premier […]