Singaporean investment starts rice production for international export

Agrastar, a partnership between Chin Corp Myanmar, Agrocorp International, and RiverWest Capital, was formed to supply high-quality agricultural commodities from Myanmar to the global market, and especially to Europe. The rice production and export facility is completely automated to process 75,000 tonnes of paddy annually – producing high-quality parboiled, brown and white rice. Agrastar aims […]

Myanmar designates 20 fields to promote investment

Myanmar’s efforts to promote investment will target 20 newly designated fields covering 192 types of businesses and services, using a law enacted in October that makes it easier for foreign companies to receive tax benefits. The industries covered include manufacturing, agriculture, urban development, communications and medicine, while fields such as mining and finance did not […]

Myanmar should regulate labor unions to help attract more Chinese investment

Over the weekend, some Chinese netizens vented their anger over an incident in Myanmar, in which hundreds of local strikers attacked a Chinese garment factory and briefly detained seven Chinese employees. The Myanmar government needs to restrict the power of local labor unions according to relevant laws to better protect foreign investors’ legitimate rights. In […]

Myanmar sees rare series A investment as startups finally take off

Ever since Myanmar opened up its economy following one of Asia’s most brutal dictatorships in 2010, everything from politics to culture and business in the once-isolated nation has radically changed. From being virtually off-grid, Myanmar has seen mobile usage rocket. This largely untapped market of 60 million people has caught the interest of entrepreneurs and […]

Japanese chamber makes proposals to Suu Kyi to promote investment

A visiting Japanese business delegation proposed policy measures to address major challenges impeding Japanese investment into Myanmar in a meeting Friday with the country’s leader Aung San Suu Kyi, state media reported Saturday. During the meeting in the capital Naypyitaw, the delegation of the Japan Chamber of Commerce and Industry, led by its chairman Akio […]

China-led AIIB plans to limit investment in coal power

In a bid to live up to its environmentally friendly values, the Asian Infrastructure Investment Bank (AIIB) is planning to adopt strict limits to investment in coal power. Launched by China as a “lean, clean and green” lender to invest in infrastructure projects in Asia, the AIIB opened for business a year ago with 57 […]

Myanmar manufacturing set for takeoff

With the end to economic sanctions triggering an investment boom and an abundance of low-cost labor, Myanmar’s nascent manufacturing industries look set for major growth. In the space of less than two years, Japanese clothing retailer Honeys has increased the number of production lines at its second factory in Myanmar from five to 34. The […]

Japanese investments expected to shift to Myanmar: DICA

Japanese government and many Japanese companies are becoming interested in making investments in Myanmar as Japanese companies are looking into shifting their investments from Thailand, according to the Directorate of Investment and Company Administration’s press release. The DICA has drafted a 20-year Foreign Direct Investment Promotion Plan, which includes ‘China plus one’ and ‘Thailand plus […]

Rubber fuel plant scheme underway in Mon State

The Mon State Government and Toyo-Thai Corporation Public Co., Ltd [TTC Public Co., Ltd] are planning to construct a rubber waste pellet fuel plant within the state, according to Mon State’s Investment and Companies Directorate Department. Representatives of the TTC Public Co., Ltd met with Mon State’s Investment and Companies Directorate Department officials on Friday […]

Yangon stock exchange to open to foreign investors

The Securities and Exchange Commission of Myanmar is preparing to allow foreign investors to access the new Yangon Stock Exchange and for local-foreign joint ventures to list, chair U Maung Maung Win said. An “appropriate” number of joint venture companies will be given permission to go public as soon as the new Myanmar Companies Act […]