FDI Expected to Exceed $6bn

Total foreign direct investment (FDI) is expected to reach US$6.1 billion in 2017-18, according to the Directorate of Investments and Company Administration (DICA). Aung Naing Oo, the director-general of the DICA, said: “We draft our projects based on the National Comprehensive Development Plan of 2011-2030. Under the project, the FDI is set to reach up to US$140 billion between 2014 and 2030. In doing so, the average inflow of investment between 2016 and 2020 is set to hit US$6 billion annually.” Five years ago, the annual FDI was expected to reach US$4 billion but since 2016 it was US$6 billion. It was US$6.8 billion in 2016-17. In 2021, we would increase the estimation of our annual FDI inflow, […]

Myanmar prioritises labour-intensive, agro-based industries for FDI

In an attempt to attract investments, Myanmar has prioritised labour-intensive industries, agro-based industries and other infrastructural projects, according to policies set by the Directorate of Investment and Company Administration (DICA) and the Myanmar Investment Commission. Myanmar is inviting foreign companies to make investments in labour-intensive industries with the aim of creating more employment opportunities for […]

Myanmar to investors: more reform ahead

Kan Zaw, Myanmar’s minister of national planning and economic development, said last week that the government’s medium- and long-term reforms would ensure the creation of an investment-friendly climate and keep up with Asean and international norms and standards. Virasak Sutanthavibul, senior executive vice president of Bangkok Bank, said the Myanmar government should consider liberalising the […]

Yangon posed to grow into mega city by 2040

Myanmar’s largest city is on track to become a “mega city” by 2040, according to speakers at the Urban Development Conference in Yangon’s Traders Hotel on May 6. The Hledan overpass across Pyay Road, Yangon opened for traffic on April 10, 2013. [Photo Bo Bo / Mizzima] “The role of urban development cannot be neglected,” […]