THAI and Myanmar officials will sign a memorandum of agreement at a meeting of Asean energy ministers next month that will take energy giant PTT a step closer towards a major gas project across the border. The singing of the agreement will pave the way for PTT to conduct a study on a Bt20 billion […]
Increased investment and trade for Myanmar
August 9, 2017 by
U Aung Naing Oo, the Director General of the Directorate of Investment and Company Administration (DICA), said the Myanmar Investment Commission (MIC) has approved 26 domestic and foreign companies to conduct investment in Myanmar. Nineteen of the approved companies are foreign businesses. They include 12 companies from the industrial sector, 1 company from the livestock […]
Foreign Direct Investment into a country is influenced by Ease of Doing Business
July 21, 2017 by
FDI is desired by most of the countries as it can help in boosting the economic development of the country. Therefore almost every country tries to attract the foreign investment by offering the incentive such as tax incentive, tax grace period and etc. Our neighbouring country, India had amended the Foreign Direct Investment Law in […]
Thai Exim Bank opens first overseas rep office in Yangon
June 13, 2017 by
THE Export-Import Bank of Thailand is opening its first overseas representative office today to support Thai companies investing in 18 infrastructure projects in Myanmar worth more than Bt700 billion. The new office is in Yangon, the country’s commercial capital. Woramin Thavarabha, Exim Bank’s chief representative in Myanmar, said in an interview yesterday that Thai investors […]
Myanmar imports hit all-time high for this fiscal year
March 4, 2016 by
IMPORTS to Myanmar reached an all time high of US$13.6 billion this January, up $162 million from the previous year, according to an official from the Ministry of Commerce. The import volumes for this fiscal year were valued at US$13.6 billion according to figures received this year until the end of January, said Director U […]
Government restricts forex to banks
December 25, 2015 by
Exporters and importers must use banks for foreign currency transactions, according to new government regulations. The new rules would be another step toward a functioning interbank currency market, but bankers are doubtful they can be immediately enforced. The government amended its 2012 Foreign Exchange Management Law last week to prevent exporters from selling foreign currency. […]
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