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 […]

Manufacturing sector absorbed more foreign investments in Thilawa SEZ

Foreign direct investments in Thilawa SEZ primarily flowed into manufacturing sectors which accounts for 73 per cent of total FDI in the zone. At present, FDI in Thilawa SEZ reached more than US$1.14 billion so far. Manufacturing sector in Thilawa SEZ absorbed investments of about US$843 million in 62 enterprises. Trading sector attracted investments of […]

Private banks hike lending to SMEs

SMALL and medium enterprises in Myanmar will soon get greater access to finance as private banks plan to extend more credit to boost the economy, according to speakers at the Amcham Financial Services Forum held last week. Zaw Lin Aung, managing director of KBZ Bank, the largest private bank in Myanmar with the largest retail […]

Foreign investment slumps by nearly US$ 650 million

Foreign direct investment (FDI) as of the end of November in the current fiscal year slumped by nearly US$650million when compared to the similar period last year, according to statistics released recently by the Directorate of Investment and Company Administration (DICA). In the same period, FDI of US$3,943.184million entered Myanmar in the 2015-2016 fiscal year, […]

US$2,541million invested in hotel and tourism sector

A total of 65 foreign investment projects have been permitted to invest US$2,541.091million in the hotel and tourism sector in a three-month period, according to the statistics of the Directorate of Investment and Company Administration (DICA). These 65 foreign investment projects were granted permission between the end of August and the end of October, with […]

Myanmar Labour Market beyond 2015

Decades of isolation had kept the world away from Myanmar until recently. The democratisation process that began in early 2011 has resulted in a ground breaking free and fair election in November. With the new democratically-elected government expected to take reign in March, this could become a big turning point to flourish Myanmar’s labour sector. […]

Yangon’s struggling industrial zones need support: interview

Yangon’s industrial zones have been left largely to fend for themselves while the government focuses instead on trophy projects such as a new special economic zone at Thilawa, says U Myat Thin Aung, chair of Hlaing Tharyar industrial zone. Almost all the infrastructure that keeps factories functioning, including electricity, roads and sewers, is provided by […]

Manufacturing Sector Receives Most FDI

Over half of the total foreign investment made in the current 2013-14 financial year went into Myanmar’s manufacturing sector, a top Myanmar Investment Commission (MIC) official said. “Manufacturing sector has developed significantly during this financial year. More than 80 percent of the foreign investment came to this sector,” U Aung Naing Oo, director general of […]

Myanmar’s Work Hopes Still Up in the Air

PANTANAW/YANGON — U Than Zaw shook his head as he stared across the waterlogged fields. “Over there, that’s where my land is,” he said, swinging a tattooed arm out through the bamboo frame of a waterside hut. We were standing just off the road linking Yangon, Myanmar’s heaving commercial capital, with Pantanaw, a flood-prone farming […]

Manufacturing funds to double

Foreign investment into the manufacturing sector this year has already more than doubled all of last year, said director general U Aung Naing Oo of DICA, the Directorate of Investment and Company Administration. From April through September, nearly US$1.8 billion has flowed into the country, of which nearly $1 billion has gone to manufacturing, compared […]