Myanmar Will Hit This Year’s Foreign Investment Target After All, Says DICA Official

Myanmar can reach its target amount of investment for this fiscal year despite a slow start that raised doubts the country would bring in the $6 billion projected by officials, the Directorate of Investment and Company Administration (DICA) has said. U Aung Naing Oo, DICA’s Director General, said that although approved proposals are down more […]

Myanmar courting global producers

The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]

Vietnam’s Stock Market is Set to Boom – That’s Good News For Yangon’s Bourse

​​ A few weeks ago I had the chance to spend some time exploring the Vietnamese city of Saigon – or more precisely, District 1 of Ho Chi Minh City (HCMC). Without doubt the place is the hottest ticket in town for investors targeting the Mekong region. And it is easy to understand why. This […]

Garment Exports Double Spurred by Rising Orders From Europe

​​ Myanmar garment exports have doubled in 2016 compared to export values of the previous year, according to the Ministry of Commerce. Rising orders from European countries have caused the surge in garment exports, said U Win Myint, Director of Ministry of Commerce. As of December 15th, garment exports reached $1.05 billion, up from $460 […]

Myanmar Confident of Topping $6 Bn FDI

​​ THE MYANMAR Investment Commission is confident of reaching its $6 billion (Bt216 billion) target for foreign direct investment in the 2016 fiscal year to March 31, although the nine-month figure accounts for only slightly half of the target. Despite the decline in FDI inflow, Aung Naing Oo, director-general of the Directorate of Investment and […]

Thilawa SEZ Receives US$900 Million in Foreign Investment

​​ RANGOON — Japan-backed Thilawa Special Economic Zone (SEZ) in Rangoon’s Thanlyin Township has received more than US$900 million in foreign investment since its launch in 2014, said a recent report issued by the Myanmar Investment Commission (MIC). “Since the start of the operation, the SEZ has received US$903 million foreign investment,” MIC secretary U […]

China’s Stocks, Bonds, Yuan Slump in Unison on Liquidity Concern

​​ The Shanghai Composite Index sank 2.5 percent at the close, the yuan fell toward an eight-year low, while government bonds tumbled, with the one-year sovereign yield rising 15 basis points. Analysts had a long list of reasons for the synchronized selloff, from President-elect Donald Trump’s questioning of the decades-old One China policy, to a regulatory […]

Japanese Company Readies Nursing-Care Expansion Into Myanmar

​​ TOKYO — Japan’s Gakken Holdings will begin operating nursing-care facilities in Myanmar, continuing the company’s expansion into Asian markets where demand is expected to grow as the population ages. Subsidiary Gakken Cocofump, which handles the education company’s nursing operations, will open an adult day-care center in April run by local joint venture Gakken Ace Education. The […]

Myanmar Starts DAB Trial

Myanmar Radio and TV (MRTV) will start a DAB trial after having launched a public tender, which has been won by the Hong Kong based system integrator BTL. DAB equipment developer and manufacturer Paneda will provide DAB Head-End Equipment and support. The trial will start with one transmitter in Yangon – the country’s largest city. […]

Map App Offers Local Take to Travellers

With tourist season in full bloom, travellers have become an increasingly common sight around downtown Yangon – often with sunburned noses buried in city maps. But for those looking for more than the classic pictures of street names and must-see spots, a newly updated smartphone app called iDiscover CityWalks offers a community-centric alternative. The Hong […]