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, […]

Myanmar Accepted for EITI Scheme, But NGOs Remain Concerned

YANGON — The Extractive Industries Transparency Initiative (EITI), a global anti-corruption scheme, announced on Wednesday that Myanmar has been accepted as a candidate country. The decision means Myanmar has to comply with an international transparency standard for oil, gas and mining earnings in the coming years and marks an important step toward addressing corruption in […]

US Govt Delegation Visits Myanmar, Discusses Sanctions

A joint delegation from the US state and treasury departments concluded on Friday a visit to Burma, where they met with American companies and reviewed the impact of easing US sanctions over the past year. The delegation considered possible future changes to the US government’s Specially Designated Nationals List of individuals, groups and entities subject […]