Eden to build world-class hotel

Eden Group’s Eden Hotels & Resort Co Ltd plans to construct a world-class hotel through build-operate-transfer system. The proposal was submitted to Myanmar Investment Commission and granted a permit on January 16 under the Citizenship Investment Law. The company has been permitted to build the hotel at Ring No 201, Kun Chan Ring, Zee Phyu […]

Govt allows 707 foreign firms to operate in Myanmar

Foreign firms are flooding into Myanmar, and according to the Directorate of Investment and Companies Administration, through the end of April 2014, there are 707 foreign companies that have been allowed to operate in the country. Approximately 116 of those are being run by firms based in Singapore. Foreign countries which have invested in Myanmar […]

Foreign investment up by US$ 2 billion in first three months of 2014

Myanmar’s foreign direct investment increases by US$2 billion, of which $300 million goes to commodity production sector, in the first three months of this year. At the last year’s ending, foreign investment amounted to more than $44 billion. It rose to Bt$46 billion for this year’s first quarters, ending March 31. Investment funds have been […]