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Businesses more optimistic on the Myanmar investment arena compared to last year

Prospects for the Myanmar economy are looking promising despite the unrest in northern Rakhine, officials from the public and private sector said today. Inflation pressures are expected to ease and private and public investments in infrastructure services and non-commodity sectors such as light manufacturing and hospitality are forecast to grow, said U Maung Maung Win, […]

Myanmar striving to lure foreign investment

Myanmar continued to strive for attracting foreign investment into the country in the current 2017-18 fiscal year which began in April. During the first four months of the fiscal year up to July, 3.1 billion U.S. dollars of the investment was brought in from 95 enterprises of 20 countries, creating 30,000 job opportunities for local […]

Mandalay likely to hit US$600 million FDI target for 2017-18

The Mandalay region is set to achieve its US$600 million foreign direct investment (FDI) target for 2017-18. FDI in April-June has already exceeded US$582 million, which is around 90 per cent of the target, data released by the Mandalay Region Investment Committee showed. Under the new Myanmar Investment Law enacted in Oct 2016, Region and […]

Tech transfer clause linked to enactment of IPR law

The inclusion of the technology transfer clause in contracts inked in Myanmar by foreign firms will only take effect after the Intellectual Properties Right (IPR) law is enacted, said Deputy Minister for the Ministry of Planning and Finance U Maung Maung Win. Speaking at the Amyotha Hluttaw session yesterday, he said, “When the IPR law […]

HKUST Business School seminar says Belt and Road offers opportunities in Myanmar

The second in the BizInsight@HKUST-OBOR Talk Series looked at opportunities in Myanmar brought about by China’s Belt and Road initiative. Hosted by the Hong Kong University of Science and Technology (HKUST) Business School, the seminar highlighted how local businesses and investors could benefit from belt and road-related projects in Myanmar. The seminar, organised with event […]

Myanmar should regulate labor unions to help attract more Chinese investment

Over the weekend, some Chinese netizens vented their anger over an incident in Myanmar, in which hundreds of local strikers attacked a Chinese garment factory and briefly detained seven Chinese employees. The Myanmar government needs to restrict the power of local labor unions according to relevant laws to better protect foreign investors’ legitimate rights. In […]

Foreign investment slumps by nearly US$ 650 million

Foreign direct investment (FDI) as of the end of November in the current fiscal year slumped by nearly US$650million when compared to the similar period last year, according to statistics released recently by the Directorate of Investment and Company Administration (DICA). In the same period, FDI of US$3,943.184million entered Myanmar in the 2015-2016 fiscal year, […]

Mizuho Bank and MAX Myanmar inked an MoU for business cooperation

Mizuho Bank and Max Myanmar Holdings signed a memorandum of understanding (MoU) for business cooperation with an aim at facilitating foreign direct investment (FDI) in Myanmar by Japanese companies. Mizuho Bank will be the first Japanese bank to sign an MoU with Max Myanmar. Mizuho has been supporting Japanese companies entering Myanmar. It opened a […]

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, […]