New Companies Act to relieve some burdens on SMEs

The upgraded Myanmar companies act will remove some burdens on small and medium enterprises, according to the Directorate of Investment and Companies Administration (DICA). “We have upgraded some of the provisions (of the existing Myanmar companies act) to be in line with the current situations and to help promote the SMEs and small companies in […]

US Investment in Burma Forecasted to Increase

RANGOON — US investment in Burma has strong potential to increase this year, experts said at a US-Burma Economic Relations seminar in Rangoon on Monday. Entitled “US-Burma Economic Relations: The Next Phase,” the seminar was jointly organized by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and the United States Chamber […]

Korean Investment in Burma Likely to Increase

RANGOON — After a delegation from the well-known South Korean Daewoo Group of Companies met with Burma’s outgoing president on Tuesday, there is speculation that the country plans to increase investment in Burma. During the meeting between Thein Sein and Daewoo CEO Young-Sang Kim, the topics of discussion included investment in Burma’s hotels, energy, mining […]

Singapore tops FDI list

Foreign investment exceeded US$2 billion in the first five months of the year, with funds from Singapore accounting for $1.9 billion of the total, the Directorate of Investment and Companies Administration said. Investment from Thailand ranked second, at $114 million. Investment from mainland China was $51 million, while Hong Kong investment totaled $42 million. Japan, […]

Britain 4th place in foreign investment standing in Myanmar

Britain is listed fourth in foreign investment to Myanmar after investing more than US$ 256 million between January and September, according to Directorate of Investment and Companies Administration (DICA). Britain has invested more than US$ 3 billion in 62 businesses and currently stands behind China, Thailand and Hong Kong. Total foreign investment to Myanmar is […]