Labour issues biggest challenge for foreign investors: UMFCCI president

LOCAL labour issues pose the biggest challenge to foreign investment in the country, said U Zaw Min Win, the President of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). “The amount of foreign investment entering Myanmar was not as much as we expected. Foreign direct investment of only US$4.5 billion flowed […]

Rice federation proposes exports via Pathein, Sittway ports

Officials from Myanmar Rice Federation have submitted a plan to export rice via seaports in Pathein, Ayeyawady Region, and Sittway, Rakine State, in addition to Yangon ports, especially to Bangladesh. The proposal was made during a regular meeting between Vice President Myint Swe and Myanmar businesspeople at the office of the Republic of the Union […]

China, Myanmar discuss establishment of border economic cooperation zone

The establishment of China-Myanmar border economic cooperation zone is being discussed between the two governments. The government of Yunnan Province has invested US$10 billion in Myanmar, while Myanmar entrepreneurs have also invested $100 million in the province, according to a press release. The press release came after a regular meeting between the Republic of the […]