fbpx

Some Singapore Myanmar Investco (SGX:Y45) Shareholders Have Taken A Painful 95% Share Price Drop

It’s not possible to invest over long periods without making some bad investments. But really bad investments should be rare. So take a moment to sympathize with the long term shareholders of Singapore Myanmar Investco Limited (SGX:Y45), who have seen the share price tank a massive 95% over a three year period. That would be […]

Investments unaffected by COVID-19 so far

The outbreak of the Covid-19 virus could slow the pace of foreign direct investments (FDI) into Myanmar in the coming months, according to the Directorate of Investment and Company Administration (DICA). U Myo Min, a director at DICA, said although Myanmar has been unaffected so far, the impact of the outbreak on the world economy […]

France keen to invest more in Myanmar, says official

After a pause of eight years, France is going to expand existing investments and make new ones in Myanmar, a senior official of the Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) has revealed. “They have trust in Myanmar. As French organizations have learned there are many prospects here, they are coming to invest […]

More transparency needed for China deals, Myanmar officials say

With Chinese investments in Myanmar expected to rise, more should be done to ensure transparent and responsible business practices between Chinese companies and the Myanmar government, industry watchers said. Chinese investments historically dominated Myanmar’s foreign direct investment landscape. Some projects are government-to-government initiatives while others were won through tenders. Observers say Myanmar should diversify its […]

Mandalay raises maximum property value to K18 billion

The Mandalay Region government has set new rates for the assessed value of property for 2019-2020, with the maximum rate for downtown pegged at K18 billion (US$11.86 million) an acre. The announcement of the new assessed rates applies to property transactions, the government said. The new maximum rate is a sharp increase from the K10.20 […]

More oil and gas investments expected next year

U Thaung Tun, Union Minister for Investment and Foreign Economic Relations, is expecting foreign direct investments in the offshore oil and gas industry to increase in 2020, once proposals for exploration and production are received, evaluated and approved. At the 30th regular meeting of the Private Sector Development Committee with Myanmar entrepreneurs on October 19, […]

Japan is eyeing export-oriented businesses in Myanmar

Japanese companies are becoming interested in the local industry which will manufacture products in Myanmar and export them to India, China and Thailand, said Japanese Ambassador to Myanmar Mr. Ichiro Maruyama, at Japan-Myanmar Resource, Trade and Investment Expo 2019 at Inya Lake Hotel in Yangon on October 19. “There are many Japanese companies which are […]

Myanmar investments: another corporate casualty of Myanmar’s ‘harsh realities’

London-listed Myanmar Investments International (MIL), the latest of several foreign investors to turn its back on Myanmar, has blamed its decision to wind up on the impact of the conflict in northern Rakhine, a “complex” political situation and what it calls the slow pace of reform. Although MIL was a relatively small player with a […]

FDI forecast to remain flat at US$5.8B in fiscal 2019-20

Myanmar is expected to draw foreign direct investments (FDI) totaling US$5.8 billion in the 2019-20 fiscal year beginning October 1, said U Thant Sin Lwin, Director General of the Directorate of Investment and Company Administration (DICA) and Secretary of Myanmar Investment Commission (MIC). That is unchanged from the forecast for the previous fiscal year, which […]

Can we turn suspended factories into engines of national economic growth?

Steel is an essential material in the industrial products and in building infrastructures. If Myanmar can produce steel on commercial scale, we will be able to save our foreign exchange used in importing steel products and build an industrialized country. In fact, the country has large deposits of iron ore. Myanmar set up steel mills […]