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ADB to extend loans in support of development in Myanmar

Myanmar is planning to take a US$60 million loan from the Asian Development Bank (ADB) to establish a Credit Guarantee Corporation (CGC), U Maung Maung Win, the Deputy Minister for the Ministry of Planning, Finance, and Industry, said in Parliament on May 21. The proposal was sent by the President. U Maung Maung Win said […]

Myanmar economy unlikely to recover this year: MIFER

Despite a huge increase in approved foreign investments from US$1.9 billion to $3.3 billion during the period between October 2019 and March 2020, the actual inflow of foreign direct investments (FDI) are lower. At $500 million, the inflow of investment in the first quarter of the year fell short of last year’s $800 million, said […]

Shan State Investment Forum, 26 – 27 Nov 2019 at Royal Taunggyi Hotel, Shan State

VENUE AND DATE The Shan State Investment Fair will be held at the Royal Taunggyi Hotel, Taunggyi on 26 and 27 November 2019, organized by Myanmar Investment Commission (MIC), Shan State Investment Committee (SSIC) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Government. The Shan State Investment Forum is comprised […]

Taking a Quantum Leap to Revamp Myanmar’s Economy

YANGON—Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy. State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as […]

MIFER: Attracting more investment into the country to boost national development

The Ministry of Investment and Foreign Economic Relations, set up in the incumbent government’s third year in office, works to increase investment in the country so that smoother and effective processes can take place between other union ministries, central organizations, regions and states governments which will, in turn, drive up businesses. The ministry was officially […]