Local, foreign investments in first half of FY reach only US$2billion

Both local and foreign investments in the first half of fiscal year 2016-2017 reached only US$2billion, despite the fact that the investments are expected to hit US$6billion, according to Myanmar Investment Commission (MIC). The investments in the first six months of last year were over US$3billion, US$1 billion higher than that of this fiscal year. […]

Myanmar prioritises labour-intensive, agro-based industries for FDI

In an attempt to attract investments, Myanmar has prioritised labour-intensive industries, agro-based industries and other infrastructural projects, according to policies set by the Directorate of Investment and Company Administration (DICA) and the Myanmar Investment Commission. Myanmar is inviting foreign companies to make investments in labour-intensive industries with the aim of creating more employment opportunities for […]

Myanmar Investment Commission to delegate power to state authorities

The laws will be changed to allow the Myanmar Investment Commission to delegate power to regional authorities, said Daw Le Le Thein, deputy minister for National Planning and Economic Development who put forward the bills. “The intention is to share the mandate with regional governments,” she said, adding that if foreign investments can be approved […]

Real Estate Pro: ‘Overall, the Market Has Cooled Down’

Since earlier this year, Rangoon’s formerly dynamic real estate market has seen a striking cool-down in key locations in the city. While many factors have contributed to this economic malaise, Burma’s Nov. 8 general election, which is hoped to be the country’s freest and fairest in decades, has surely played a part. Because of the […]

Foreign Company Registration Fraud ‘Serious Problem’: MIC

Foreign investments fraudulently registered using the name of Myanmar citizens will be monitored and dealt with according to law, U Aung Naing Oo, secretary of Myanmar Investment Commission (MIC) said during a meeting with the local press at MIC’s head office. “This might raise questions about when the actions will be taken, but we have […]

Hotel Market in Yangon 3Q, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Hotel Market 3Q 2014 Upsurge in upper-scale ADR dampens occupancy rates The lineup of upper-scale hotel projects is on the rise on the back of the strengthening tourist and business arrival levels. […]

Office Market in Yangon 3Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Office Market 3Q 2014 Rosy outlook for top-tier office developments As at end of the 3Q 2014, grade A local quality office stock was the same at over 34,000 sq m. However, […]

China tops investor list

China is the top investor in Myanmar so far this year, according to the Directorate of Investment and Company Administration. Until the end of October, total foreign investments exceeded US$50 billion, of which US$40 billion is operating in the country. Myanmar Investment Commission (MIC) is giving the green light to local and foreign companies in […]

Myanmar Relies on Foreign Investments to Draw Migrants, Refugees

Myanmar authorities are banking on foreign investments to generate jobs in a bid to woo back some of the country’s nearly 10 million migrant workers from neighboring countries. Senior officials from three ministries—home affairs; labor, employment and social security; and foreign affairs—held discussions with legislators last week to help check the current lack of employment […]

$670m in oil and gas investments approved in August, says DICA

The oil and gas sector comprised US$670 million (about K670 billion), or nearly a third, of foreign investment totalling $2.443 billion approved in August, show figures from the Directorate of Investment and Companies Administration. The oil and gas sector comprised 13 of the 48 companies with investments approved last month, DICA said. The August figure […]