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Time to weigh business engagement in Myanmar

Myanmar’s political and economic development has become more fragile. International headlines are dominated by state-directed violence against the country’s Rohingya population and a bevy of other issues, including the jailing of journalists and armed conflict between the country’s military forces and insurgent ethnic-minority armies. Calls for fresh sanctions, curbs on military ties and travel visa […]

Local partners criticise mining firm that owes government money

Mine workers marched to protest against the gold mining firm National Prosperity Co (NPC), which the government ordered closed in November last year for not paying the government its share of mining revenue. About 200 workers from 22 local firms in Moehti Moemi mining area of Yamethin township in Mandalay Region held the protest at […]

Warm response seen to ‘Myanmar Insight’ in Bangkok

GIVEN the rising interest in Myanmar’s economy this year, nearly 500 Thai businesspeople are expected to gather at the Myanmar Insight 2018 to be held in Bangkok next month, according to Nattawin Phongsphetrarat, vice president of Thai Business Association of Myanmar (TBAM). He said at a press conference yesterday that the event would be held […]

Govt Investment Director Confident in Foreign Investment Despite Rakhine Conflict

YANGON — U Aung Naing Oo, director-general of Directorate of Investment and Company Administration under the Ministry of National Planning and Finance, talked to The Irrawaddy reporter Shwe Lay about foreign investment in Myanmar and the government’s plan to promote it. How much investment has Myanmar had over the past year? Which countries are the […]

78 more foreign-invested firms arrive this year

Singapore, Japan and South Korea continue to be the top sources of foreign investment in Myanmar this year, with companies from the three Asian Tigers leading the way among the 78 foreign invested firms given permission to invest in Myanmar in the fist five months of this year. Companies from Hong Kong, Thailand, Indonesia, China, […]

Philips Links With Partners to Light Up Myanmar

YANGON — Dutch electronics giant Philips has teamed up with local partners to bring more of its products to Myanmar, as the brand looks to take advantage of the Southeast Asian nation’s growing demand for lighting. In a ceremony in the former capital Monday, the 120-year-old firm signed up with three companies who will distribute […]

Foreign investment in private healthcare limited to 70pct

Foreign companies will only be allowed to invest in private hospitals and clinics on a 70:30 ratio with local partners, according to the Deputy Health Minister. Deputy Health Minister Dr Thein Thein Htay made the remark in response to a question raised by MP Dr Aung Than on the government’s agenda for private health services […]