Expectations are growing for an influx of foreign investment into Myanmar two months after local authorities said they would lift restrictions to allow overseas investors to trade shares of locally listed companies. The Myanmar Stock Price Index or Myanpix surged 10% in August, despite the turmoil in global markets, on such expectations. Indeed, local investors […]
Japan mulls resuscitating failed Hanthawaddy airport proposal
May 3, 2018 by
Japan and Myanmar are in discussions about resuscitating the failed Hanthawaddy International Airport project, according to the transport minister. U Thant Sin Maung, Minister for the Ministry of Transport and Communication, held a meeting with Tsukasa Akimoto, Japan’s State Minister of Land, Infrastructure, Transport and Tourism in Park Royal Hotel, Yangon, on April 30. The […]
Nay Pyi Taw needs to ensure investors aren’t misled over Rakhine crisis
September 25, 2017 by
Interview with Felix Chung, honorary chair of the Hong Kong Myanmar Manufacturers’ Association THE responsibility lies squarely with Nay Pyi Taw to ensure that foreign investors are not misled over the Rakhine crisis, according to a manufacturer association. The Myanmar Times sat down with Felix Chung, honorary chair of the Hong Kong Myanmar Manufacturers’ Association […]
UOB puts focus on Asean investment
September 12, 2017 by
UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]
Myanmar gets new SEZ law
February 5, 2014 by
In an effort to draw more foreign interest in Myanmar’s future Special Economic Zones (SEZ), the state-run media last week announced the promulgation of a new SEZ law, superseding the relevant laws adopted by the former military regime in 2011. “The new law seems to decentralise decision-making to the SEZ committee, so that central government […]
Lobby petitions Japanese investors over Dawei
December 17, 2013 by
With the Japan-ASEAN summit approaching, a local rights group is calling on Japanese investors to back away from the controversial Dawei Special Economic Zone (SEZ) until international best practices for compensation and environmental protection are established. The government last month suspended all work on the multi-billion dollar SEZ until it can undergo a due diligence […]
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