Myanmar to Start Joint Projects With Three Asian Countries

YANGON—Amid efforts to secure foreign investment to mitigate the impact of the COVID-19 pandemic on Myanmar’s economy, the government expects implementation of three major infrastructure projects planned for Yangon Region with the participation of South Korea, Singapore and Thailand to begin soon. Speaking at the annual meeting of the Union of Myanmar Federation of Chambers […]

Myanmar’s Second Investment Policy Review Urges Further Liberalization

YANGON—Myanmar has published its second investment policy review (IPR), which identifies needed policy reforms—ranging from enhancing responsible investment, establishing special economic zones (SEZs) and strengthening the implementation of environmental impact assessments to fostering secure and well-defined land rights—with the aim of attracting more foreign investment to the country. Supported by the France-based Organization for Economic […]

Myanmar Reaches 98% of Foreign Investment Target in FY2020 Despite COVID-19

YANGON—Even as Myanmar struggles to get COVID-19 under control, State Counselor Daw Aung San Suu Kyi announced that the country secured 98 percent of its foreign investment target for this year, adding that the result can be considered a success given the economic disruptions caused by the pandemic. In a televised speech on Monday, the […]

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 […]