Foreign firms have invested over $1bn in Thilawa SEZ

Foreign businesses invested more than US$1.075 billion in the Thilawa Special Economic Zone between November 2014 and June 2017, with over $773 million, or 71 per cent, in industrial the industrial sector, according to the Directorate of Investment and Companies Administration. Among the remainder of the foreign investment, $101.2 million went to the commodity trading […]

$1.8b FDI approved for 2017-18 so far

The Myanmar Investment Commission (MIC) has approved a total of US$1.85 million worth of investments from 66 foreign businesses and K501 billion worth of investments from 24 Myanmar citizens for fiscal year 2017-18. In June alone, the MIC approved investments worth US713.43 million from 22 foreign businesses and K11.425 billion investment from four Myanmar citizens, […]

Japan weighs in on Dawei SEZ project

Japan pledged to take part in Dawei Special Economic Zone project and the Italian-Thai company plans to operate smaller projects, according to Aye Myint, chairperson of the special working committee for Dawei SEZ. “We’re holding talks with the Italian-Thai and its partner company to operate some smaller projects such as roads, ports, housing, mini industrial […]

Singapore tops list of foreign investors in Myanmar

YANGON—Singaporean companies have been expanding their investments in Myanmar sectors such as energy, construction, hotels and tourism, agriculture and the industrial sector, making it the largest foreign investor in the country, according to the Directorate of Investment and Company Administration (DICA). DICA’s statistics for last month show that overall foreign investment reached more than US$ […]