Property market to remain cool for now

Property market will continue to remain cool in the short run though it may become active beyond 2018, said Nay Min Thu, managing director of iMyanmarHouse.com, a local property website. “Dwindling property market may revive if there is a massive inflow of foreign investments into the market later in the year,” he added. There will […]

Myanmar region woos French FDI

Myanmar’s underdeveloped Tanintharyi region bordering Kanchanaburi province plans to attract European investment mainly from French companies in the months to come, according to Phyo Win Tun, planning and finance minister of the Tanintharyi region government. “At the regional government, we frequently receive business delegations from Europe, including France, Italy, Czech as well as from other […]

Myanmar seeks closer Thai business ties

THOUGH MYANMAR received only US$123 million (Bt3.84 billion) from Thai investments in the previous fiscal year ending on March 31, the nation’s investment body foresees a significant inflow of Thai businesses over the next few years. Aung Naing Oo, secretary of Myanmar Investment Commission and director-general at the Directorate of Investment and Company Administration, said […]

Thai investors buoyed by CLMV investment climate

Following the strong economic growth in Asean, especially in CLMV countries (Cambodia, Laos, Vietnam, and Myanmar), Thai investors have expanded their regional investment by focusing on alternative energy, food and agriculture processing, tourism, and service business. According to a report by the Bank of Thailand, as of September 30, 2017 Thai investors showed outstanding direct […]

Investment commission aims to attract labour-intensive companies

The oil and gas, power supply, manufacturing, telecom and real-estate sectors have topped the list of foreign investments during this year, said Aung Naing Oo, secretary of Myanmar Investment Commission. China stands first on the list of foreign investors, Singapore, second and Thailand, third. “Foreign investors are at the moment most interested in the manufacturing […]

Some Businesses Fret Over Myanmar Wage Proposal

Many business organisations in Myanmar have lodged objections against improving daily wages as approved by the National Committee for Designating Minimum Wage earฌlier this month. The committee has decided to set the minimum wage at 4,800 kyat, a 33 per cent increase from the current rate of 3,600 kyat. All businesses with 10 or more […]

Cooling Property Market Expected to Revive This Year

Thanks to the enactment of the New Companies Law and the emergence of bylaws for condominium developments, the country may see an inflow of foreign direct investment (FDI) to reactivate the cooling property market, according to Aung Naing Oo, secretary of Myanmar Investment Commission. “Take a look at the FDI situation, there may be both […]

Sink-or-Swim Time for ASEAN Latecomers as Tariffs Come Down

HANOI — Cambodia, Laos, Myanmar and Vietnam are no longer getting the kid-gloves treatment in the ASEAN Economic Community. As late entrants to the Association of Southeast Asian Nations, the four countries were initially exempted from abolishing some tariffs when the bloc established the AEC at the end of 2015. As of Monday, however, they […]

Myanmar to Delay Law That Would Have Allowed More Foreign Investment

YANGON (Reuters) – Myanmar will delay a long-awaited reform that would open the door further to foreign investment, two officials told Reuters, a move likely to disappoint cash-starved businesses amid growing doubts over the management of the economy by the country’s leader, Aung San Suu Kyi. The postponement of the corporate reform, which would have […]

Myanmar Looks to Strong Inflow of FDI

THOUGH MYANMAR is one of the lowest-ranked economies in Asia Pacific region according to the World Bank’s recent report on doing business, the nation maintains its optimism over the inflow of foreign direct investment next year, according to Aung Naing Oo, director-general of the Directorate of Investment and Company Administration and secretary of Myanmar Investment […]