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Myanmar climbs six spots in world bank ease of doing business ranking

Myanmar moved up six places to 165th on the World Bank’s 2020 ease of doing business ranking in the bank’s latest report, which cites several reforms including creating an easier environment for starting a business and greater protections for minority investors. On Thursday, the World Bank’s latest report on ease of doing business ranked documented […]

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 […]

Private Investments Worth $54M for Chin State

YANGON—The Chin State government signed four memorandums of understanding (MoUs) with private companies for projects totaling more than $54 million at an investment fair held at the weekend in Yangon, which aimed to stir up foreign investment interest in one of the poorest states of Myanmar. Among the four companies, the biggest project signed for […]

Businesses more optimistic on the Myanmar investment arena compared to last year

Prospects for the Myanmar economy are looking promising despite the unrest in northern Rakhine, officials from the public and private sector said today. Inflation pressures are expected to ease and private and public investments in infrastructure services and non-commodity sectors such as light manufacturing and hospitality are forecast to grow, said U Maung Maung Win, […]