Myanmar’s Economic Growth to Recover, Inflation to Moderate in FY2016 – ADB

Myanmar’s positive political developments and structural reform programs will help foster economic growth and investment, says a new Asian Development Bank (ADB) report launched today. In its Asian Development Outlook (ADO) 2016, ADB forecasts Myanmar’s economic growth to recover to 8.4% in fiscal year 2016 (ending 31 March 2017). The country’s economic growth eased to […]

Keeping the FDI spigot flowing in Myanmar

After emerging from nearly half a century of economic isolation, Myanmar has become an investment darling thanks to reforms launched by military leaders four years ago. The surge in foreign direct investment (FDI) has been substantial despite restrictions remaining in some sectors and uncertainties surrounding the upcoming general election. Even though some investors have adopted […]

Approved investment spikes in April with oil and gas projects

pproved Foreign Direct Investment approvals jumped in April on the back of significant declared investment in the oil and gas industry, according to statistics. A total of US$2.2 billion worth of declared investments were approved in April, with more than $2 billion of that from the oil and gas sector. The government has targeted $6 […]