fbpx

Tanintharyi to focus on tourism, property, mining

Tanintharyi Region, which is located to the far south of Myanmar bordering Thailand, is looking to attract investors in the hotel and tourism, real estate and mining industries during an investment forum the regional government is holding with the Myanmar Investment Commission (MIC) in October. Directorate of Investment and Company Administration (DICA) acting director general […]

Govt again proposes tax amnesty on undisclosed income

The government is again proposing to reduce the tax rates on undisclosed incomes so that more will be willing to pay the taxes owed on those incomes. The proposal, which was part of the Union Tax Bill submission for the new 2019-20 fiscal year beginning October 1, was submitted to the Pyidaungsu Hluttaw on August […]

Me and the Myanmar Investment Commission

Different types of investment entities could be seen in many facets such as that doing business is investment, that sending a kid to school is investment, that providing capacity building to an employee is also investment. More investments reap additional benefits. Therefore, it is universally accepted that the investment is a must for the development […]

Despite unrest, Rakhine State still attracting foreign investor interest

Foreign investors are still showing interest in Rakhine State despite sanctions and international pressure applied due to the political unrest. And now that the state has better access to electricity, conditions are looking better for businesses to enter the state or expand. Projects related to China’s Belt and Road initiative remain a focus, with the […]

Silk Road sweeteners: China woos Myanmar’s NLD with junkets

The National League for Democracy was forged in an uprising against one-party rule. Its activists spent years in jail under Myanmar’s military junta. But since taking power three years ago, the party led by Nobel laureate Aung San Suu Kyi has found an unlikely ally – the Chinese Communist Party. The friendship has blossomed in […]

Education Lags Because of Past Govts: Edu Minister

NAYPYITAW—Myanmar’s education sector lags far behind others because of successive governments’ failures to invest in the country’s education system, Union Education Minister Dr. Myo Thein Gyi said on Wednesday. “As investment wasn’t made in education for many years, [the education sector] lags behind. There are a lot of needs and difficulties,” he said during an […]

As West retreats, China surges in Myanmar

Myanmar’s ethnic turmoil and political uncertainties are keeping Western investors and tourists away, as the Rohingya refugee crisis has once again made the country a pariah byword for grave human rights abuses. At the same time, China has emerged as the largest investor in Myanmar’s commercial center Yangon, accounting for 65 of 113 approved foreign […]

China Leads Investment in Yangon

YANGON—China was the largest investor in Myanmar’s financial hub, Yangon Region, in the first nine months of the current fiscal year, according to the Directorate of Investment and Company Administration (DICA). China is already the second-largest investor in the country. The director of DICA’s Yangon Region Office, U Myo Khaing Oo, said on Wednesday that […]

Myanmar telco Frontiir bags $30m from UK development finance group

JAKARTA — CDC Group, the U.K.-based development finance institution, has invested $30 million in Yangon’s internet service provider Frontiir, marking its first direct equity investment in Myanmar. Despite Myanmar’s growing mobile broadband penetration, access to digital services in the country is still very low, which poses a significant challenge to communities and businesses. Data usage […]

Rakhine Rebels Eager for Foreign Investment

YANGON—The Arakan Army (AA) has signaled to foreign developers it wants them to invest in Rakhine State, noting that the region is on an essential part of Chinese President Xi Jinping’s signature Belt and Road Initiative (BRI)—the proposed comprehensive trade and logistics route linking China and Europe through Central Asia, the Middle East and Russia. […]