More Indian investments expected with better connectivity, bilateral ties

With a target of becoming a US$5 trillion economy within the next six years, India could overtake the UK to become the world’s fifth biggest economy this year and even surpass Japan to be the third largest in 2025, IHS Markit noted in a report this month. As the only ASEAN member state to share […]

Insurance, banking and electricity to see more investor interest

While the oil and gas industry has the seen the most interest from investors, banking and financial services, telecommunications and the manufacturing industries are expected to be the focus in the years ahead as the country’s economy grows. Data from the Directorate of Investment and Company Administration (DICA) shows that since 2016, the manufacturing industries […]

Seeking promising start-ups

Local recycling company RecyGlo last week emerged as the winner of the Seedstars world competition in Yangon. The start-up beat nine other local entrepreneurs to represent Myanmar at the Asia Seedstars Summit, making it eligible for US$500,000 (K767 million) in equity investments if it wins the final competition in Switzerland next April. RecyGlo’s aim of […]

Despite investor interest, no power projects yet in Chin State

Although companies have shown a keen interest in power projects in Chin State, no project has been implemented yet, said Dr. Min Zaw Oo, the director of the Chin State’s Office of the Directorate of Investment and Company Administration. “The Chin State government is prioritizing hydropower investments. But the projects have many phases, processes, and […]

2014 Promises to Be a Boom Year for Myanmar’s Gas and Oil Industry

Myanmar will be the focus of attention in the international oil and gas industry in 2014 as a batch of major offshore exploration licenses are awarded and more blocks are expected to be put up for foreign bidding. Against that background, Myanmar is to host two major international oil industry exhibitions in Yangon to attract […]

Speculation-driven land prices stunting Myanmar hospitality sector

Though Yangon is moving rapidly towards the milestone of a million visitors a year, investment in Myanmar’s hospitality sector has fallen well short of forecast growth, mainly because of speculation-driven land prices. According to a report by consultancy C9 Hotelworks, foreign direct investment into hospitality assets remains sidelined in many cases with concerns over the […]

Myanmar’s stock exchange facing delays

Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc., which is assisting on the project. “We’re pressed for time,” Koichiro Miyahara, senior executive officer at Japan Exchange, said in an interview in Tokyo on Aug. […]