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FDI inflow expected to hit nearly six billion USD this FY

The inflow of foreign direct investments (FDI) is expected to hit nearly six billion US dollars in 2018-2019 fiscal year, according to Myanmar Investment Commission (MIC). From October, 1 to April 26 of this fiscal year, the total FDI reached 2546.905 million US dollars. At its meeting held at the Directorate of Investment and Company […]

Long term economic improvement certain, strategy needed: U Win Aung

THE government has come under pressure for its handling of the Myanmar economy, with stakeholders lamenting the slowing pace of economic reform and investment flows. During the first half of 2018, approved foreign direct investments (FDI) totalled just $1.7 billion, compared to $4.1 billion during the same period in the previous fiscal year. Meanwhile, GDP […]

Chinese investors mull expansion plans in Myanmar

Chinese investors have been showing keener interest to do business with Myanmar. At the China (Dezhou) Myanmar Economic Trade and Investment Cooperation Seminar on Monday, during which Chinese firms sought business partners in Myanmar for the purposes of trade and investment, Li Lian Jun, chairman of China Chamber of International Commerce (CCOIC), said firms are […]

Myanmar reforms investment commission

YANGON — Myanmar reformed its Investment Commission with 13 members and the Minister at the Office of the Government U Thaung Tun was appointed as chairman, said a government’s order issued late Saturday. Minister of Commerce Than Myint was assigned as vice chairman of the commission, while Director-General of the Directorate of Investment and Company […]

Economic prospects for Myanmar favorable, but downside risks intensified: World Bank

While the economic outlook for Myanmar is looking “favorable,” with growth projected to rise to 6.8 percent in 2018-19 from 6.4pc before, the risks to those prospects have “intensified,” according to the World Bank’s Myanmar Economic Monitor (MEM), which was released in Yangon yesterday. Lower tourism arrivals resulting from the ongoing Rakhine crisis could weaken […]

MIC forecasts foreign investments worth $3 billion in next six months

The Myanmar Investment Commission (MIC) is expecting $3 billion in foreign direct investments (FDI) for the six-month interim period between April 1 and September 30, said MIC secretary U Aung Naing Oo last week. During the period bridging the current the 2017-18 fiscal year and the new 2018-19 fiscal year, FDI will continue to flow […]

Japanese investor interest in Myanmar still high despite lower FDI

The Japanese remain interested in expanding their presence in Myanmar despite lower investments in recent years compared to before and a refugee crisis unfolding in northern Rakhine. At the 13th Joint meeting of the Myanmar-Japan CCI Business Cooperation Committees in Yangon on October 23, the new Investment Law, development of small and medium enterprises (SMEs) […]

China Yunnan courting Myanmar with investment and BRI

Myanmar’s economy is inextricably linked to neighbouring China. The country exports more than half its agriculture produce across the border, making China one of its largest trade partners. Meanwhile, China is also the largest investor in Myanmar, with total approved investments totaling US$19.1 billion as at August 31. As a whole, foreign direct investments from […]

Rakhine violence not expected to affect economy or FDI

Concerns that the ongoing violence in Rakhine State could result in capital outflows and economic sanctions are rising in the investor and business community. At the 2017 Myanmar Global Investment Forum in Nay Pyi Taw on September 12, U Aung Naing Oo, secretary of the Myanmar Investment Commission, said he is not expecting any negative […]

Fixing the Myanmar economy

Major structural overhauls have to be carried out so the country can maximise its potential for growth. Myanmar’s economy is projected by the World Bank to grow by an average of 7 percent between 2017 and 2019. Last year, GDP rose by 6.5pc. That’s among the fastest growing economies in Asia, alongside the likes of […]