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Myanmar gears up investment promotion with ‘bold’ plan

Though some international companies are still in a wait-and-see mood before pouring their money into Myanmar, the nation remains confident that it can attract heavy investment this year, thanks to its ambitious Myanmar Investment Promotion Plan (MIPP). Aung Naing Oo, permanent secretary at the Ministry of Investment and Foreign Economic Relations, said at a workshop […]

Authorities aim to strengthen investment facilitation in related ministries

The Ministry of Investment and Foreign Economic Relations has pledged to strengthen investment facilitation in related ministries. Speaking at a training workshop in Nay Pyi Taw, U Aung Naing Oo, the ministry’s permanent secretary, stressed the importance of investment facilitation and the role of all investment-facing government agencies in the process. “Investment promotion and facilitation […]

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 […]

‘Tone from the top’ crucial in anti-corruption: DICA

There is a lack of awareness about the transparency and corporate governance aspects of the new Companies Law, according to a senior government official, who argued for the importance of tone from the top in combating corruption. The Myanmar Centre for Responsible Business (MCRB) and the Union of Myanmar Federation of the Chamber of Commerce […]

Daw Suu pitches Myanmar to ASEAN, vows to improve business environment

State Counsellor Daw Aung San Suu Kyi in Singapore yesterday sought to drum up investor interest in Myanmar, couching the country’s economy as “Southeast Asia’s final frontier market with innumerable investment opportunities.” Daw Aung San Suu Kyi was delivering her keynote speech at the 2018 ASEAN Business and Investment Summit in the city state, where […]

Government seeks parliament nod on forming new ministry

President U Win Myint on Tuesday informed the Pyidaungsu Hluttaw (bicameral parliament) about a plan to establish a Ministry of Investment and Foreign Economic Relations to oversee overseas assistance. “To aid national economic development, the ministry will supervise assistance and aid provided by the UN, international organisations, and the international community in line with the […]