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Myanmar appoints ex-world bank economist deputy minister

The Myanmar President’s Office on Thursday appointed former World Bank economist and poverty specialist Dr. Min Ye Paing Hein as deputy industry minister. Among his responsibilities will be promoting private investment in state-owned enterprises to make them commercially viable. Aged 41, the holder of a PhD from a US university will be the youngest minister […]

Saifuddin undertakes official visit to Myanmar

Foreign Affairs Minister Datuk Saifuddin Abdullah will undertake a two-day official visit to Myanmar beginning today. Wisma Putra in a statement said the visit aimed to enhance bilateral relations between the two countries and provide an opportunity for constructive engagements on matters of mutual interest and future cooperation. “It will be the first high-level visit […]

Investment opportunities may emerge from restructuring of oil and gas

Opportunities to invest in Myanmar oil and gas are emerging on the back of a string of changes and restructuring efforts now taking place in the sector. The Ministry of Electricity and Energy (MOEE) is currently reviewing the terms and conditions of Myanmar’s existing oil and gas Production Sharing Contracts (PSCs) to draw new investments […]

Myanmar to showcase investment projects, reforms in Hong Kong’s Belt and Road forum

The newly-appointed chair of Myanmar Investment Commission (MIC) U Thaung Tun, who is also Union Minister at the Office of the Union Government, is going to lead a delegation to the third annual Belt and Road Summit in Hong Kong this week. Demonstrated by the major economic reforms we have implemented over the past year, […]

Thai-Myanmar council pushes for more ties and investments

Thai businesses are ramping up ties with their Myanmar counterparts in five main areas — agriculture, border trade, energy, industrial development and tourism — to tap into vast investment opportunities in the neighbouring country. Panitarn Pavarolavidya, chairman of Thai-Myanmar Business Council, said the council’s first meeting held in Yangon on Feb 3 focused on the […]

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 […]