UK to invest in Myanmar’s oil, gas and travel sectors

The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration. The UK invested over US$2659.954 million in March 2011, and the investment is increased to over US$3045.434 million in June 2013. China is still the biggest investor in […]

Myanmar approves five foreign businesses

The Myanmar Investment Commission (MIC) has approved five foreign businesses which will include a luxury island hotel, river cruises and a new wood factory. Mokan International Co Ltd, a joint-venture of Scandinavian-based Gecko Holdings Ltd and Kyaw Win Phyo Mauk Co Ltd (Myanmar), were given approval to develop a luxury hotel project on two islands […]