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Myanmar parliament approves foreign loan water treatment plant

Myanmar’s parliament yesterday approved a loan of Euro 29.96 million from the Netherlands FMO and ING Bank to build a water treatment plant with the capacity of 7 million gallons per day (MGD) in Pyigyidagun Township, Mandalay Region. A total of 14 MPs supported this loan plan in Union Parliament on June 5 in their […]

Myanmar tourism pins hopes on European comeback

The Myanmar trade is taking on a more positive outlook of the European market, as they believe that the plunge in Western visitor numbers to the country due to the international media coverage of the Rakhine conflict has bottomed out. May Myat Mon Win, Myanmar Tourism Marketing’s (MTM) chairperson is seeing signs of recovery from […]

Dutch expertise to support Yangon’s water management

Yangon’s regional government will receive support to tackle challenges regarding urban water and water logistics by a coalition of Dutch companies and organisations. The companies signed an agreement with the authorities to improve water supply, resources, governance and innovation; and oversee sriver transport, dredging and tunneling. The agreement is a 3-year programme under the Dutch […]

EU’s withdrawal of GSP not to affect foreign investment flow in Myanmar: official

YANGON, Oct. 28 (Xinhua) — The European Union (EU)’s probable withdrawal of its Generalized Scheme of Preference (GSP) will not impact the foreign investment flow in Myanmar, the official Global New Light of Myanmar quoted an investment administration official as saying Sunday. This will be due to the fact that EU countries have never been […]

FMO Partners with Maha Agriculture Microfinance & Harvesting Inc to Streamline Agriculture Lending in Myanmar

FMO, the Dutch development bank headquartered in the Hague, the Netherlands, has announced its partnership with Myanmar-based Maha Agriculture Microfinance (Maha) and U.S.-based Harvesting Inc (Harvesting) to provide a grant that would help streamline agriculture lending to Myanmar farmers. As part of its capacity development program, FMO will financially support the pilot deployment of Agriculture […]

Investments declined in 2017-18: MIC

Despite an increase in the volume of projects, total investment in value terms fell by around US$900 million in 2017-18 compared to 2016-17, U Thaung Tun, chair of the Myanmar Investment Commission (MIC), said in Parliament last week. In the 2017-18 fiscal year, Myanmar received $5.7 billion for 222 projects. Around $1 billion of the […]

Dutch De Heus sets up $16m feed plant in Myotha

Animal feed firm De Heus announced the launch of its second production site in Myanmar on Tuesday, taking the overall investment in the country to more than US$30 million. This feed plant in Mandalay, combined with the Yangon facility, will enable the Netherlands-based company to tap into the growing demand in both upper and lower […]

Vietnamese Investors Prosper in Laos, Cambodia, Myanmar

Vietnam’s OFDI has been increasing in recent years with 930 projects licensed, mostly in the fields of industry, agriculture, telecommunication and finance & banking. Forty percent are developed in Laos, Cambodia and Myanmar. Laos is in No 1 among the countries and territories where Vietnam has OFDI. According to FIA (Foreign Investment Agency), by the […]

Major Dutch timber company found guilty of dealing in illegal teak

Dutch company Boogaerdt Hout has been found guilty of violating the European Union Timber Regulation (EUTR) for placing illegal Burmese teak on the market. The company has two months in which to clear its supply chain of illegal wood. An investigation has revealed a major Dutch timber company placed illegally sourced teak from Myanmar on […]

How EuroCham Myanmar helps Myanmar’s economy

Filip A. Lauwerysen is the Executive Director at the newly established EuroCham Myanmar (European Chamber of Commerce in Myanmar) since September 2015. Mr Lauwerysen is a Dutchman who graduated from Leiden University in the Netherlands with a Bachelor and Master of Arts in History, specialised in European globalisation (mainly in Asia). Then he also went […]