Digicel’s Myanmar deal adds to Islamic finance landscape

May 5 Cellular operator Digicel Group Ltd has obtained $60 million in sharia-compliant financing for its Myanmar venture, helping widen the reach of Islamic finance transactions as the sector continues to expand into new markets. Islamic finance has seen a string of landmark deals over the past year, with debut sovereign Islamic bonds (sukuk) from […]

EU investments set to surge after protection deal

Investments from the European Union member countries are likely to surge after signing of the EU-Myanmar investment protection agreement, said a senior EU official. Antonio Berenguer, EU’s head of trade and economic affairs, said that the agreement would encourage investment from Europe by improving legal certainty and predictability surrounding investments. “This agreement aims to provide […]

Foreign investment in Myanmar hits over 3 bln USD in first half of FY 2014-15

Foreign investment in Myanmar hits over 3 bln USD in first half of FY 2014-15 YANGON, Feb. 25 (Xinhua) — Foreign direct investment in Myanmar hit 3.676 billion U.S. dollars in the first half (April- September) of the fiscal year 2014-15, according to the Foreign Investment Commission Wednesday. The commission told the ongoing parliament that […]

Italy and Luxembourg offer help to implement tourism master plan

Italy and Luxembourg have offered technical aid to boost Myanmar’s human resources development sector, part of a short-term project for the country’s tourism master plan, sources from the Ministry of Hotel and Tourism say. Delegates from Italy and Luxembourg visited Myanmar recently to meet with Ministry of Hotel and Tourism officials. In their meetings, they […]

Luxembourg invests in Myanmar river cruiser

YANGON – Abercrombie & Kent from Luxembourg has been granted licence to invest in a new river cruiser by the Myanmar Investment Commission on August 15. Luxembourg, which has not invested in Myanmar in 20 years, provided US$ 5.2 million in cruise liner and other business along Chindwin and Ayeyawady rivers, according to Directorate of […]

Visa on Arrival (VOA)

The Visa on Arrival (VOA) scheme has been in existence since June 2012. There were some initial hiccups in the system but all the kinks have been ironed out and the system is working smoothly now. The VOA scheme is targetted at business travellers. You should be able to get your business visa within 5 […]

10 foreign companies win tender for oil, gas exploration in Myanmar

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Ten foreign companies have won tender for oil and gas exploration at 16 onshore blocks in Myanmar out of 18 set for the bidding, a release of the Ministry of Energy said Friday. The tender winners are those […]