Myanmar’s Yangon industrial parks lure Singapore, Thai and Korean investors

YANGON, May 14 (Eleven Media Group/ANN) – As there are 12 townships situated in municipal outskirts in Yangon Region, plans are underway to establish industrial zones in 11 township except Coco Island, said Yangon Region Chief Minister Phyo Min Thein. He said that there are keen investors from Singapore, Thailand and Korea. “For the development […]

Myanmar Investments To Sell Myanmar Finance To Thitikorn

(Alliance News) – Myanmar Investments International Ltd on Wednesday said it has accepted an offer to sell Myanmar Finance International Ltd to consumer finance company Thitikorn for an undisclosed sum. Myanmar Investments owns a 37.5% stake in Myanmar Finance International. The Myanmar-focused investor said it has – in conjunction with the other stakeholders of Myanmar […]

Factory operators can face legal actions unless complied with MIL

The factory operators can face legal actions under the Myanmar Investment Law (MIL) if they fail to comply with notification requirements for the closure of factories, said U Thant Sin Lwin, director-general of the Directorate of Investment and Company Administration (DICA). At present, some CMP garment factories have shut down on the reason for the […]

Chinese companies hope to cash in on cannabis

Investors from China are keen to grow non-intoxicating strains of cannabis in Myanmar for medicinal or industrial use, but that won’t happen without change to the anti-narcotics law. By HEIN THAR | FRONTIER COMPANIES IN China have expressed strong interest in growing cannabis for medicinal and industrial purposes in Myanmar, although legal cultivation of even […]

Chinese investment enquires in Myanmar affected by COVID-19

Enquiries on Myanmar by Chinese investors have fallen in the wake of the COVID-19 outbreak which has infected 78,064 in China and caused the death of 2,715, mostly in the central province of Hubei. “Chinese investors making investment enquires to Myanmar have fallen since the virus broke out in December last year. The virus has […]

The benefits (and risks) of investing in Myanmar

Not all publicity is good publicity. In late 2016, Myanmar made international headlines following reports that the country’s government was engaged in the widespread persecution of its Muslim Rohingya minority. Over the following months, stories of police detention, arson, gang rape and state-authorised murder emerged. Hundreds of thousands fled from Rakhine State in the country’s […]

Grab bags $700m from Mitsubishi UFJ

Japan’s Mitsubishi UFJ Financial Group Inc is investing more than US$700 million in ride-hailing firm Grab. The Japanese financial institution intends to market a range of financial services from insurance to loans to Grab’s users, Bloomberg quoted a source as saying. Grab is also backed by Japan’s SoftBank Group Corp, which has invested more than […]

Grab says it pumped $100M into Myanmar in four years

Ride-sharing company Grab has invested over US$100 million (K143.5 billion) in Myanmar in the past four years to strengthen its position on the local taxi market, a senior company official said Tuesday. Cindy Toh, country manager for Grab, said the company will continue investing to further improve the quality of its service in Myanmar. “Grab […]

FDI to drive Myanmar’s growth, but political risks remain

Myanmar’s economy could grow at 6.6 per cent annually until 2030, thanks to solid investment gains, improved productivity and favourable demographics, even as weak business conditions and political risks threaten to dampen investment inflows, Oxford Economics said in a report. “We expect capital deepening to continue supporting growth, with investment to increase at a healthy […]

Foreign investment inflows to double: Myanmar govt

Approved foreign direct investment (FDI) into Myanmar is expected to grow this year, the Myanmar Investment Commission (MIC) says. Already, approved FDI into Myanmar in the first three months of fiscal year 2019-20 is double what it was in the same period in the previous fiscal year, the commission said. “Currently, FDI in the country […]