FDI and subsidies required to enhance agricultural sector

Foreign direct investment (FDI) and subsidies are required to enhance the agricultural sector. Farmers need to survive from occasions when they are offered a lower price after a harvest. Besides, efforts will have to be made to attract more FDI to put into agricultural sector. At harvest time, supply overpowers demand, resulting in a low […]

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’s clothing industry is set for significant growth in the coming years

Myanmar’s clothing industry is forecast to grow significantly in the coming years, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence. Forecasters have predicted that there could be up to 1.5 million jobs in the garment industry by 2020 compared with approximately 230,000 in mid-2015, […]

Services Likely to Play Key Role in New Economic Plan, Experts Say

Burma’s service sector, not manufacturing, will likely be the focus of national attention after the new government is formed in March, observers predict. The country’s economy is expected to hit a lull in the post-election period, but experts say that the incoming administration will attempt to boost the service sector to keep the national economy […]

Politics and frontier property markets

Myanmar’s election held on November 8, deemed as the country’s first free election in 25 years, caught the attention of people around the world as Aung San Suu Kyi’s National League for Democracy won by a landslide. Considering the date from the Directorate of Investment and Company Administration (DICA) indicating the rise in the real […]

Keeping the FDI spigot flowing in Myanmar

After emerging from nearly half a century of economic isolation, Myanmar has become an investment darling thanks to reforms launched by military leaders four years ago. The surge in foreign direct investment (FDI) has been substantial despite restrictions remaining in some sectors and uncertainties surrounding the upcoming general election. Even though some investors have adopted […]

Maybank Yangon’s revenue growth to come from lending, transaction banking in 5 years

Maybank International’s chief executive officer Pollie Sim said lending will be driven mainly by working capital financing and transaction banking by Myanmar’s growing international trade and demand for cash management, especially as projects are completed and operationalised. “We believe that Maybank’s success in Myanmar hinges on the growth of Myanmar’s financial sector,” she said in […]

Economic forum predicts more foreign investment in 2015-16

The energy sector will help fuel foreign investment in Myanmar during the 2015-16 fiscal year. That was the main message to come out of the Myanmar Global Investment Forum held in Nay Pyi Taw 15-16 September attended by over 800 local business people and foreign experts. For the last three years, Myanmar’s political and business […]

Mandalay firms fight forex their own way

Betting the US dollar will continue to strengthen against the kyat, importers and distributors are raising prices to beat the exchange rate. “We set the price higher, but then offer promotions for our customers to encourage them to continue buying,” said U Hla Phone Kyaw, director of Rainbow Bridge Distribution Company, which imports high-end brands […]