Myanmar aims to attract $140 billion in FDI until 2030

Myanmar has set its sights on attracting US$140 billion (Bt4.9 trillion) in foreign direct investment (FDI) from now until 2030, according to a national economic development plan. From 1988 until March 30, which marked the end of the 2015-16 fiscal year, Myanmar had granted permits for foreign investments worth $63.7 billion. The national development plan, […]

MIC issues ‘ominously broad’ foreign investment restriction

A directive issued at the end of March by the Myanmar Investment Commission has added an additional layer of complexity for foreign investors and granted ministries greater scope to make exceptions on a case-by-case basis. The notification – designated 26/2016 – adjusts the list of economic activities that require a joint venture under the Foreign Investment Law. In […]

Myanmar president hails ‘triumph’ of democratic transition

President Thein Sein hailed the “triumph” of Myanmar’s transition of power Thursday, addressing a military-dominated parliament for the final time before a handover to Aung San Suu Kyi’s pro-democracy movement. The Southeast Asian nation, choked for decades under junta rule, is on the cusp of a remarkable political transition after Suu Kyi’s National League for […]

A New Era for China-Myanmar Relations?

With the National League for Democracy’s (NLD) landslide victory in the general elections in November, China expects a new page in Myanmar’s domestic politics and foreign policy under the new government to be inaugurated at the end of March 2016. The NLD’s yet-to-be-clarified policy direction has led to a major sense of uncertainty in the […]

Suu Kyi joins campaign to clean up Yangon

Chairperson of the National League for Democracy Aung San Suu Kyi led a drive to clean up litter and rubbish in Kawhmu town on 13 December in a move aimed at highlighting her party’s commitment to public service. Suu Kyi has told MPs from her opposition National League for Democracy party, which took nearly 80 […]

Suu Kyi lays down law on party discipline to new Myanmar MPs, cautions against ‘betraying’

Aung San Suu Kyi has warned newly minted MPs she will not tolerate poor discipline or wrongdoing, party members said today (Nov 28), as Myanmar’s democracy champion began marshalling her opposition for government amid sky-high expectations. Ms Suu Kyi’s National League for Democracy party took nearly 80 per cent of contested seats in the November […]

Property Market Report in Mandalay, 2015

Primer Research Report Mandalay | Property Market 2015 Highway to Mandalay The city rises as a property investment Destination The famous poem by Rudyard Kipling immortalized the city, making the name Mandalay more recognisable than the place itself. That situation is now slowly being addressed since Myanmar started the reform process in 2011. Mandalay, the […]

Kirin Seeks Snappier Southeast Asia Deals After Losing F&N

Kirin Holdings Co. wants to become more aggressive in buying Southeast Asian companies after the sale of its stake in Singapore-based conglomerate Fraser & Neave Ltd. stunted its growth in the region. “It has been frustrating especially since we sold our shares in F&N,” Hiroshi Fujikawa, Kirin’s managing director for the region, said in an […]

Myanmar commercial capital to get $293 million rail upgrade

YANGON – Myanmar has approved the overhaul of a circular rail system in its commercial capital, Yangon, in a step towards modernising a city choked by traffic jams and under pressure from an influx of migrants lured by an expanding economy. The US$207-million (S$293 million) Japan-funded upgrade to the 48-km (30-mile) system will focus on […]

The American Stake in Myanmar and Sri Lanka

Although many Americans would have a hard time finding Sri Lanka or Myanmar on a map, these two Asian countries are in the midst of major political transformations with important and uncertain outcomes. Sri Lanka’s parliamentary election on August 17 will determine whether the reforms of President Maithripala Sirisena, himself elected to the surprise of […]