Foreign Direct Investment into a country is influenced by Ease of Doing Business

FDI is desired by most of the countries as it can help in boosting the economic development of the country. Therefore almost every country tries to attract the foreign investment by offering the incentive such as tax incentive, tax grace period and etc. Our neighbouring country, India had amended the Foreign Direct Investment Law in […]

Thirty-four kinds of aquatic products granted duty free for export

Thirty-four kinds of aquatic products have been granted duty-free status to be exported to America by the Ministry of Commerce, according to a report in the Myawady Daily. Fish and shrimp are the most exported among aquatic products. The merchants need to be careful of the product quality, need to mention the proportion of ingredients […]

Garment sector earned nearly US$400 million

Myanmar earned nearly US$400 million from garment sector exports in the past three months, according to the official figures of the Commerce Ministry. This represents a $100 million increase over the same period last year. Following the lifting of European and American economic sanctions, Myanmar’s garment industry is growing. Currently, Japan and European countries are […]

Japan constitutes nearly half of FDI in Thilawa SEZ

Japan has put investments of US$468 million into Thilawa Special Economic Zone (SEZ) so far, accounting for over 43 per cent of total foreign direct investments, according to Myanmar Japan Thilawa Development Limited. Thailand was second with FDI of over $130 million. The manufacturing industry attained the highest FDI of over US$773million, followed by the […]

Big International Gem Show Being Held in Yangon

​​ An international exhibition of Myanmar gems with foreign and domestic companies is being held in Yangon until Monday. Firms from Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United States, Italy, Israel and India are participating. The four-day event also has machines for goldsmiths and quality testing for diamonds and gems. A spokesperson for […]

ADB moves in Myanmar as trade finance hopes grow

Hopes of opening the Myanmar trade finance sector are growing, after the Asian Development Bank (ADB) issued its first guarantee in the country. As part of its Trade Finance Programme (TFP), the ADB guaranteed a letter of credit issued by Banca Popolare di Sondrio of Italy to local lender United Amara Bank (UAB), one of […]

80 tonnes of Myanmar coffee to ship to America and China (Taipei) this year

About 80 tonnes of Myanmar’s coffee is planned to be exported to the US and China (Taipei) this year, according to the Myanmar Coffee Association. In 2016, about 40 tonnes of Arabica produced from Ywangan were exported to these markets. The export volume is is being boosted this year, said U Win Aung Kyaw, the […]

Arabica coffee export to America to quintuple in 2016

  The export of Arabica coffee to America will increase by five times in 2016, it is learnt from Winrock International. Arabica coffee is produced in Ywangan Township, Shan State. Winrock, a U.S. based non-profit organization that aids development around the world, helped Myanmar’s quality Arabica coffee to penetrate international market. Forty tonnes of quality […]

Two sites for manufacturing rattan and bamboo products planned for next year

Finished rattan and bamboo products will be made in two places next year, said U Kyaw Thu, the chairman of the Myanmar Rattan and Bamboo Entrepreneurs Association. The finished products will be exported to Europe, America, South Korea and Japan. It is slated to carry out the boost in the production of rattan and bamboo […]

Vietnamese Telecom Viettel to Invest $2bn in Myanmar Over Five Years

VIETTEL, Viet Nam’s largest mobile network operator, is expected to make US$2 billion investment in Myanmar’s telecom sector within five years, with plans to launch its service business next year, it is learnt. The Vietnamese group operates in ten countries in Asia, Africa and America, and will provide its telecommunications services for Myanmar people in […]