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Korean Jewelry Firm to Produce Jewelry in Myanmar

Apple Design Jewelry Company Limited, a joint venture between South Korean and Myanmar investors, will be crafting silver and gold jewelry, according to Directorate of Investment and Company Administration. The firm is investing $2 million, and will operate its business on No.112, Myaydaing Quarter, Than Choke Won U My Street in East Dagon Industrial Zone, […]

‘Creating triple wins’: inclusive business in Myanmar

They can create new income opportunities for the poor by engaging them in the value chains of profitable businesses while paying better than market rates. They can also provide goods and services to the poor that address key needs in areas such as health, education, housing, finance, water and sanitation. Inclusive businesses are typically profitable […]

Letter to Editor: A technocrat-run MIC is the solution

SIR – Your piece on November 28 put forward numerous ways to ensure that the new Investment and Foreign Economic Relations Ministry spells meaningful changes for the economy. While I hope this measure will speed up the investment process in Myanmar and create more confidence in decision-making for businesses, I am skeptical given the gerontocratic […]

Suu Kyi stresses trade relations and investment on Nepal visit

During a visit to the Nepal Chamber Expo-2018 in Kathmandu, Myanmar State Counsellor Aung San Suu Kyi stressed the importance of trade between the two countries and talked about the opportunity of investing and doing business in Myanmar. The Myanmar State Counsellor is on a three-day official visit to Nepal. It is the first in […]

New ministry, ‘single-window’ system to help investors do business

Myanmar is tuning up efforts to draw investments into the country. In Parliament Monday, the establishment of the new Ministry of Investment and Foreign Economic Relations was approved, paving the way for better coordination between related ministries and organisations on local and foreign investments and development projects implemented with foreign aid or loans. The newly […]

FDI has risen under the NLD: U Set Aung

Foreign direct investments (FDI) have increased under the NLD government, said U Set Aung, deputy minister for planning and finance. “The total approved FDI during the two years from April 2016 to the end of March 2018 under the current government is 16 percent of the total FDI approved during the entire period from 1988 […]

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 […]

Transparency in Delayed $2B Development Project Requested in Lower House

A $2 billion development project to be undertaken by the Ministry of Construction and a private company in Yangon was questioned in the Parliament’s Lower House on Tuesday over its lack of transparency. Despite the project agreement being signed two years ago, no start appears to have been made on it and the revenue-sharing deal […]

Energy Ministry Negotiates to Lower Fuel Oil Prices

The Ministry of Electricity and Energy is negotiating with suppliers to bring down fuel oil prices, said managing director of the ministry U Thant Sin. U Thant Sin, who is also the vice-chairman of the government supervisory committee on petroleum and petroleum product business activities, said during a monthly press conference on Thursday in Naypyitaw […]

Myanmar remains worst place in ASEAN for doing business, World Bank ranking shows

Myanmar has failed to improve its ease of doing business ranking for the third consecutive year, with the latest figures from the World Bank showing that the country remains the worst place in ASEAN to conduct business. The newly-released 2019 Doing Business rankings by the World Bank showed that Myanmar ranks 171th out of 190 […]