UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]

China ups its game in Myanmar’s SEZ race

CHINESE investors have expressed an interest in investing and developing the area across Yangon River and to construct an international airport, a port and housing projects, according to a local Chinese business association. The proposed locality and projects overlap with the prospective South Korea-led special economic zone. Members of the Yangon-headquartered Myanmar Chinese Chamber of […]

US sanctions force jade into a corner, say traders

Jade traders say US sanctions have forced them to rely on Chinese investors and buyers, who dodge taxes and operate with little to no transparency. If Washington were to remove sanctions, they say, it would speed up reform in the troubled sector. Since the US banned imports of gems and jade in 2003, China has […]

UMFCCI urges Chinese businesses to start factories

The joint secretary of the Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI), has urged Chinese investors not only to buy raw materials from Myanmar but also to set up factories. Aye Lwin was speaking at a business meeting between Myanmar and Chinese entrepreneurs on December 16, co-organised by the UMFCCI and […]

Myanmar urges China to invest in Kyauk Phyu SEZ

YANGON – Myanmar urged Chinese investors to invest in the Kyauk Phyu Special Economic Zone (SEZ) during a bilateral trade meeting on Saturday, according to the Directorate of Investment and Company Administration (DICA). Located on the western coast of Myanmar, Kyauk Phyu Project is one of three special economic zones in the country. The other […]