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Yangon stock exchange due to let Myanmar-based foreigners trade

Foreigners living in Myanmar will be allowed to buy and sell on the Yangon Stock Exchange in the first phase of the process of opening up to the international market, according to the Securities and Exchange Commission of Myanmar (SECM). The Ministry of Finance and Planning announced an opening up in July but after discussing […]

Us businesses eye expanded Myanmar investment

As Myanmar’s government is making efforts to revive the economy through foreign investment, US companies say they are keen to expand their involvement, according to a leading trade body. The US-Asean Business Council in Yangon met on Monday and included representatives of 12 US companies and the Union of Myanmar Federation of Chambers of Commerce […]

Bridging the gap: Yangon’s boom falls short across river

On her scruffy, downtrodden bank of the river, teashop-owner Khin works just a few hundred metres across the muddy water from Yangon and dreams of the riches promised by a new bridge linking to Myanmar’s commercial heart. “The quicker, the better,” 58-year-old Khin Than Myint tells AFP of the construction of the US$168 million bridge, […]

Korea-Myanmar Industrial Complex to Begin Construction This Year

YANGON—The Korea-Myanmar joint industrial complex, the first of its kind in economic cooperation between the Korean and Myanmar governments, will begin construction this year in Hlegu Township, Yangon Region, according to Myanmar Investment Commission (MIC) Director U Thant Sin Lwin. “This is the first cooperation between the Korean and Myanmar governments,” he said during a […]

Foreign Investment in Myanmar Set to Miss Target: MIC

Yangon—Myanmar is likely to fall short of its foreign investment target in the 2018-19 fiscal year, according to U Thant Sin Lwin, director of the Myanmar Investment Commission (MIC). Myanmar has so far only received US$4.1 billion (6.29 trillion kyats) of inbound foreign investment in the current fiscal year, which ends on Sept. 30. “We […]

Myanmar stocks surge on hope of foreign funding

Expectations are growing for an influx of foreign investment into Myanmar two months after local authorities said they would lift restrictions to allow overseas investors to trade shares of locally listed companies. The Myanmar Stock Price Index or Myanpix surged 10% in August, despite the turmoil in global markets, on such expectations. Indeed, local investors […]

Despite Critical Remarks, Malaysia Keen to Invest in Myanmar

YANGON—Depite Malaysian Prime Minister Mahathir Mohamad’s remarks criticizing Myanmar’s political and military actions in Rakhine State, Malaysia will maintain its economic ties with Myanmar, Malaysian Ambassador to Myanmar Zahairi Baharim said at a press conference concerning the upcoming Malaysia-Myanmar Connect 2019 business forum meant to increase economic engagement between two countries. In an exclusive interview […]

Myanmar to Host Forum to Lure Foreign Investment in Deep South

The Tanintharyi regional government is preparing to hold an investment forum to attract foreign investment to Myanmar’s southernmost region, which is rich in natural resources, particularly pearls and minerals, and home to many tourist destinations on the Andaman Sea coast and islands. The Tanintharyi Investment Forum is set to be held from Oct. 26-27 in […]

Automobiles to roll off new assembly line in Mandalay

Myanmar has been importing car parts and assembling them for years, but now Chinese cars will be produced here for the first time, at Myotha industrial zone in Ngazun township, Mandalay Region. Shining Star Group of Kunming, China, established Gold AYA Motor International Co Ltd to make automobiles in Myanmar in 2017. The plant on […]

Rakhine Rebels Eager for Foreign Investment

YANGON—The Arakan Army (AA) has signaled to foreign developers it wants them to invest in Rakhine State, noting that the region is on an essential part of Chinese President Xi Jinping’s signature Belt and Road Initiative (BRI)—the proposed comprehensive trade and logistics route linking China and Europe through Central Asia, the Middle East and Russia. […]