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Chinese firm in talks to develop industrial zone

A Chinese firm is the latest foreign investor to express an interest to develop an industrial zone in Hlaing Thayar township in the commercial capital of Yangon, where land nearer to downtown townships have become scarcer in recent years. Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) chair U Zaw Min Win […]

Projects Approved by Previous Gov’t Should Not Be Abolished: State Counselor

Myanmar State Counselor Daw Aung San Suu Kyi said no investor would trust in Myanmar if a new government abolishes projects approved by its predecessor just because they do not comply with its policies. Her comments were in response to a question posed by a student at a meeting with locals in Kalay Township in […]

Reset capital market, allow foreign competition to unleash growth: leaders

Foreign investor interest in Myanmar appears to be waning at a time when the global economy is losing momentum, if recent data is anything go by. As such, a hard reset of the local capital market is needed to ensure the business environment remains friendly to existing firms and entrepreneurs, as their survival and growth […]

China’s top planning agency doubles down on Belt and Road collaboration

Ning Jizhe, vice chair of China’s top planning agency National Development and Reform Commission (NDRC), visited Myanmar from November 24 to 27. The visit is built on the consensus reached by State Counsellor Daw Aung San Suu Kyi and China’s leader Xi Jinping at the end of 2017, with regards to the China-Myanmar Economic Corridor […]

Yangon stock exchange seeks foreign investor interest

THE Yangon Stock Exchange (YSX) recently had a few champagne moments with the first “real” initial public offering by a Myanmar telecom company. And even while the bubbly was still fizzing another company was eyeing a listing. And, the moment foreign investors had been waiting for is almost here. For a start, foreigners residing in […]

Foreign investor interest in Myanmar education, retail sectors on the rise: DICA

Myanmar’s recently liberalised education and retail sectors has drawn interest from foreign investors. Education service providers from Singapore, Australia and New Zealand have shown substantial interest to invest in Myanmar’s education sector, said U Than Aung Kyaw, Deputy Director General at the Directorate of Investment and Company Administration (DICA). Since the Myanmar Investment Commission (MIC) […]

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 […]

Can Myanmar sustain growth momentum?

YANGON — The World Bank’s forecast on Jan. 30 that Myanmar’s economy will grow by more than 7% annually for the next three years might appear to be overly optimistic. In the latest issue of its Myanmar Economic Monitor, the World Bank said that while growth would most likely be around 6.5% for fiscal year […]

Foreign investor looking for Myanmar cement plant to buy

  Foreign investor looking for Myanmar cement plant to buy over Our client is looking to buy over a cement plant which meets the following conditions: The daily capacity of the cement clinker production is more than 5000 tons; The limestone mines and necessary raw materials are available; The construction of the cement plant has […]

Fuel sector tops foreign investment list

The oil and gas, transport and telecommunications sectors topped the foreign investor list, with US$4.9 billion invested by the end of December during this financial year. Oil and gas came top with US$2 billion, followed by transport and telecommunications. Twenty countries, including Singapore and China, invested in these sectors. Last financial year, the total foreign […]