Myanmar looks to FDI boost

LEADING businessmen in Myanmar’s manufacturing industry expect a surge in foreign investment as the country welcomes a newly elected government, saying it would be warmly welcomed as it would help strengthen local competitiveness. In an interview with The Nation, Zaw Min Win, chairman of Myanmar Industries Association, said he foresees influx of foreign investment in […]

Myanmar emphasis on productivity

MANUFACTURERS in Myanmar have been told to shift their focus to productivity, following the government’s approval of the country first minimum wage last week, said industry players. Aung Thein, vice chairman of the Myanmar Industries Association (MIA) and managing director of Nibban Electronics, said in an exclusive interview that Myanmar was still competitive in comparison […]

Louder calls for more spending on education sector

Several businessmen and politicians have agreed that Myanmar should urgently increase spending on education and health, which, despite increases in recent years, remains the lowest in Asean. During a recent parliamentary discussion on the 2015-16 budget bill, MP Maung Toe said: “Although the education budget has increased, it’s still low. There is still no adequate, […]

JICA to offer SME Loans

The Japan International Cooperation Agency (JICA) is planning to provide loans for small and medium- sized enterprises (SME) in Myanmar, according to the vice president for the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). “At least Ks 3 billion is set aside for the loan fund. JICA will provide the fund […]

Myanmar to draft two new investment laws

Japan remains committed to Myanmar Japanese companies invested US$22.8 billion in Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam in 2013, according to the Japan External Trade Organisation (JETRO). The trend is strong, following the first wave of Japanese investment in the 1980s and 1990s, which helped build up automotive and electronics sectors in Thailand, […]