USDP’s Five-Year Term Sees $23b in FDI: Investment Official

RANGOON — A total of US$23 billion in foreign direct investment has been pledged over the five-year term of the Union Solidarity and Development Party (USDP) government ending in less than a month’s time, according to Aung Naing Oo of the Myanmar Investment Commission (MIC), a figure that may exaggerate the actual rise in money […]

The Long Road To Investing in Myanmar

A seminar in Bangkok has been told that while there are opportunities in Myanmar for foreign investors the country lacks the human resources to enable rapid growth, while many of the opportunities that exist are in industries which have profound levels of corruption. The packed to capacity presentation, Myanmar at the Crossroads, part of the […]

Real estate sector accounts for half of total money inflows

Well over half of all money flowing into the country is being invested in the real estate sector, according to Aye Lwin, joint-secretary of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The joint-secretary revealed this during talks between police in the Financial Investigation Unit and UMFCCI members on the anti-money […]

Intellectual Property Group to Be Formed Ahead of Expected Law

YANGON — The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) will launch a Myanmar Intellectual Property Association ahead of the expected passage of an Intellectual Property Law by Myanmara’s Parliament, according to a UMFCCI official. Aye Lwin, joint secretary general of the UMFCCI, said at a seminar on intellectual property (IP) […]