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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. […]

Nation’s electricity production expected to exceed estimates

Myanmar can produce about 200 more megawatts of electricity than estimated in fiscal year 2018-2019, said U Maung Maung Win, deputy minister of the Ministry of Planning and Finance. He made the comment while discussing the Joint Public Accounts Committee report on the six-month national plan and income in the Pyidaungsu Hluttaw (Assembly of the […]

Growth potential seen in microfinance sector

With a quarter of the Myanmar population living under the poverty line and as much as 87 percent hailing from rural areas, according to the World Bank, the microfinance sector has good potential to grow in Myanmar. However, providers can be more efficient in their funding if there is better financial data on borrowers. Microfinancing […]

China Co invests $37 mln in cattle breeding, trading business

Chinese company Kangrui Agriculture Livestock Development Company Limited invested US$37 million to carry out the breeding and trading of cattle in Myanmar, according to the Directorate of Investment and Company Administration (DICA). “That permitted enterprise is aimed for export to China. This is the first ever enterprise that has been given the green light for […]

How Myanmar aims to stimulate investment in tourism

Myanmar is looking to capitalise on a recent tourism rebound and stimulate more investment in the sector, following efforts to improve access to credit for smaller operators. On May 6 the first branch of the Myanma Tourism Bank (MTB) opened in Yangon. This is the country’s first bank dedicated to supporting the tourism and hospitality […]

Myanmar highlights strategy of combating money laundering

NAY PYI TAW, June 28 (Xinhua) — A senior Myanmar Home Ministry official on Friday stressed the need to strictly supervise the implementation of the national strategy of combating money laundering and terrorism financing. Economic undertakings can be carried out safely under the strategy if collaborating with relevant sectors to bring about the promotion of […]

Kyaukphyu power deal expected ‘within weeks’: Supreme Group

The consortium developing a 135-megawatt power project at Kyaukphyu in Rakhine State expects final approval of a power purchase agreement within weeks, a spokesperson says. Myanmar’s Supreme Group and Chinese state-owned firm Sinohydro are jointly developing the US$180 million project, which will use gas from the Shwe field and generate power for distribution in Rakhine […]

Myanmar’s fuel market: from fanfare to standstill

IN JULY 2017, Frontier reported on the longstanding frustration among drivers in Myanmar at the poor quality of fuel sold at local stations. Just a few months earlier, the Myanmar Investment Commission had abolished a requirement that foreign investors in the sector partner with the Ministry of Energy and Electricity. The larger local players were […]