Myanmar, China to collaborate on infrastructure, technology

State Counsellor Daw Aung San Suu Kyi signed two Memorandums of Understanding (MoU) and one agreement with China on April 25, according to the Ministry of Information. The two MoUs and agreement were signed during a meeting between Daw Suu and Chinese Premier Mr. Li Keqiang during the Second Belt and Road Forum for International […]

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 […]

Myanmar stresses importance of rule of law for national development

YANGON, March 12 (Xinhua) — Myanmar State Counselor Aung San Suu Kyi has stressed the importance of rule of law and its effect on national development, calling for enforcing rule of law to achieve peace for development. Addressing the Conference on Justice Sector Coordinating for Rule of Law in the capital of Nay Pyi Taw, […]

Actual FDI Hits $3.7 Billion This FY, Says MIC

The actual inflow of foreign direct investments amounted to US$3.7 billion during this fiscal year even though Myanmar Investment Commission has granted US$5 billion. The MIC releases the FDI lists every month and has issued the actual inflow of FDI twice during 2017-2018 fiscal year. From 1988-1989 until December of the 2017-2018 fiscal year, the […]

Hotel and Tourism Sector Attracts 115 Local Investments: DICA

A total of 115 local investments worth over US$686 million (934 billion kyat) were made in the hotel and tourism sector as of the end of November this year, according to the Directorate of Investment and Companies Administration (DICA). Local investors have made 774 investments worth nearly $2.5 billion in the production sector, 46 investments […]

Myanmar insurance to thrive with competition and free market

U Myo Min Thu is the Managing Director of AYA Myanmar Insur­ance (AMI), one of the top three private insurers in Myanmar. AMI was created in 2013 follow­ing the liberalization of economic policy which permitted private insur­ers to enter the market. AMI is the insurance arm of AYA Financial Group, a conglomerate which also owns […]

CRBC on road to deals in Myanmar

China Road and Bridge Co Ltd has won a bid-winning notice from Myanmar’s Ministry of Construction to build two sections of road in the Greater Mekong Subregion, chairman Wen Gang announced on Thursday. Wen said CRBC’s Myanmar office received a bid-winning notice for the Eindu-Kawkareik Road Improvement Project, Lot 1 and Lot 2, issued by […]

Refinery deal in Myanmar key for Guangdong Zhenrong Energy

Guangdong Zhenrong Energy Co, a major Chinese bulk commodity trader, expects the country’s “One Belt One Road” strategy to help boost its overseas investments, which in its case includes a planned massive oil refinery in Myanmar. The country’s New Silk Road Economic Belt and the 21st Century Maritime Silk Road strategies were launched in 2013 […]

Myanmar attracts Japanese housing firms, car manufacturers

Myanmar’s transition to a democracy has opened new vistas for foreign companies. The country is now looking for better urban infrastructure and rapid economic development. Recently, “The Building and Housing Seminar between Myanmar and Japan” was held in Yangon to deepen cooperation between the two countries. Ichiro Maruyama, Minister-Counsellor, Deputy Chief of Mission, Embassy of […]