Despite capacity constraints, oil & gas industry still promising

Win Khaing, a member of National Energy Management Committee and chairman of United Engineering Co Ltd, said the industry itself brings a lot of opportunities for foreign investors to do business in the newly-opened nation. “Probable and possible uncontracted gas would amount to 4,000 MMCFD over 30 years. It definitely indicates the level of optimism […]

Officials, Big Business to Talk Investment Opportunities in Myanmar

A high-profile business forum on Myanmar begins in New York tomorrow, with attendees from a range of state and private sectors to discuss investment opportunities in the newly opened country. Organized by Peninsula Press, an international communications agency, the ‘Myanmar Investment and Tourism Forum’ will bring together government representatives from Myanmar and the United States, […]

Yangon hotel market continues to boom

The social and economic reforms that began in Myanmar in 2011 have allowed tourism to flourish in the country. In the former capital city and still the commercial hub, Yangon, international arrivals grew 46% from 550,000 in 2012 to just over 800,000 in 2013.  The number of arrivals in Yangon remains relatively small compared with […]

Vietnamese investors’ rising interest in Myanmar

More than 50 business groups from Vietnam have been conducting market research in Myanmar in order to look for investment opportunities, said Pho Nam Phuang, director of Investment and Trade Promotion Centre, on Friday. The research is being conducted at shopping malls and supermarkets in Yangon and Mandalay, she said in the press conference at […]

Myanmar Faces Foreign Investment Competition From Cambodia, Laos

Myanmar, Cambodia and Laos are the potential “hidden markets” of Southeast Asia for investment opportunities, a business study said, but they could end up competing against one another. Myanmar and Cambodia are both developing tourism and textile manufacturing industries which could see competition for foreign investment. In Myanmar’s case, “it’s very important that the government […]

Gov’t, IFC ink deal to improve Myanmar’s investment policy

YANGON—The International Finance Corporation (IFC) has signed a memorandum of understanding (MoU) with Myanmar’s Ministry of National Planning and Economic Development to support its efforts to improve the country’s investment policy and regulation framework. “This will make it easier to do business in Myanmar and help stimulate domestic private sector growth and attract sustainable foreign […]

Yangon to improve airport facilities

YANGON, 28 November 2013: Yangon International Airport’s domestic departure lounge will be replaced by an entirely new building over the next 18 months, authorities confirmed this week. Airport general manager, Win Ko said: “The departure lounge will be demolished and rebuilt. Until it is ready we will have to use the lounge provided for VIPs […]

Japanese entrepreneurs to visit Myanmar for potential investment

Business people from over twenty Japanese firms will visit Myanmar to explore investment opportunities, according to Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). About 50 business people from 20 industrial sectors, such as machinery, electric and power, construction and garment, will be led by the Executive Vice President of Japan External […]

Vietnamese businesses encouraged to invest in Myanmar

Businesses should invest in Myanmar right now instead of waiting for a couple of years when they may miss lucrative opportunities, said Tran Bac Ha, Chairman of Association of Vietnamese Business Investors in Myanmar on July 15 in Hanoi. Workers produce footwear items for export to Myanmar at Biti’s Company. Speaking at a seminar on […]

Banking conference touch upon the 2 contrasting face of Myanmar

Investors, bankers, entrepreneurs, consultants, delegates and businessmen—all flock to conquer a stake in the world’s final financial frontier. Buzzing with excitement, 250 guests from 10 countries gathered on July 16 at the inaugural Myanmar Banking and Finance conference at the Trader’s Hotel in Yangon, here to learn of Myanmar’s banking and financial reforms, foreign exchange […]