Eco-friendly and job-creating investment being given priority to invest in Thilawa

Myanmar- Japan Thilawa Development Ltd (MJTD) has permitted investments in Thilawa Special Economic Zone giving priority to those who can create better job opportunities for the local people and are more eco-friendly. Currently, a total of 84 companies have been permitted to invest in Thilawa SEZ Zone A and the first phase of the Zone-B, […]

Tenders to be invited for sub-Ks100 million projects in Rakhine

Subscribe to our tender alert mailing list Rakhine State government has announced yesterday that it will invite tenders for projects with investments of not more than Ks100 million. The announcement came at the coordination meeting on inviting tenders for the projects for the 2016-2017 financial year. “We envision development and security in Rakhine State with […]

Thai investments promote tourism in Taninthayi

THAI investments are expected to promote tourism in Taninthayi Region, according to Thai media. A Thai company called Pongpipat has been building an international standard hotel in Taninthayi with an investment of US$125 million in an effort to capitalize on the promising tourism industry in the region. The hotel is being built on 50 acres […]

Emerging Honey Market Struggles with Chinese Fakes, Low Investment

Myanmar’s honey is good enough to enter the international market, but there are myriad challenges in penetrating the market, industry insiders say. When Myanmar faced sanctions, Myanmar only exported honey to neighbouring countries in the ASEAN market, but now it is trying to export honey to the EU. However, to get a foothold in those […]

Solving Southeast Asia’s Drug Problem

The Obama administration has once again named Myanmar and Laos to its list of twenty-two countries determined to be major drug trafficking countries or major drug transit countries. The White House memo, issued on Monday, noted that Myanmar “failed demonstrably during the last twelve months to make sufficient or meaningful efforts to adhere to their […]

Officials seek to calm investor concerns at conference

Campaigning is now under way ahead of the November 8 election, and business are wary of political considerations which may affect their plans in Myanmar. Government ministers and senior advisors have sought to downplay these concerns, likening the vote to just another sea to be crossed, and pointing to the country’s long-term potential. U Zar […]

Myanmar urged to prioritise long list of reforms

Property rights are not well-established in Myanmar and land confiscation is a major concern among foreign investors, according to a report by US Department of State. In its 2015 Investment Climate report, the government’s limited capacity was highlighted. Myanmar is urged to prioritise its long list of desired reforms, to focus on matters that concern […]

Myanmar calls for S. Korea’s increased investments

BUSAN, Dec. 11 (Yonhap) — Myanmar’s president asked South Korea Thursday to expand its investment in a country that has undertaken a wave of reforms after decades of military rule. President Thein Sein made the request during a meeting with South Korean President Park Geun-hye on the sidelines of a special summit between South Korea […]

Myanmar and Israel sign an agreement to cement bilateral trade

Israeli Ambassador to Myanmar Hagay M Behar and DICA director general Aung Naing sign a reciprocal promotion and protection of investments agreement between at the DICA office in Yangon yesterday. Myanmar and Israel sign an agreement to cement bilateral trade Minister for National Planning and Economic Development Kan Zaw and other ministry officials joined DICA […]

Myanmar one of the preferred countries for investment by US firms

Indonesia remains the most preferred destination in the Asean region of American companies for their future expansion despite the many challenges they encounter in doing business in the country, a recent regional survey has found. The Asean Business Survey Outlook 2015, carried out by the American Chamber of Commerce (AmCham) Singapore and the US Chamber […]