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Govt Investment Director Confident in Foreign Investment Despite Rakhine Conflict

YANGON — U Aung Naing Oo, director-general of Directorate of Investment and Company Administration under the Ministry of National Planning and Finance, talked to The Irrawaddy reporter Shwe Lay about foreign investment in Myanmar and the government’s plan to promote it. How much investment has Myanmar had over the past year? Which countries are the […]

Myanmar execs seek help in fostering human resources

TOKYO — Even as more Japanese companies are eyeing the growing business opportunities in Myanmar, the young country and its more than 50 million people are in need of help in developing human resources in addition to infrastructure, a fact emphasized by several prominent businessmen from the country, speaking at a seminar on Monday in […]

Kempinski rides the hotel boom in Yangon

After unveiling its first Myanmar property in Nay Pyi Taw, Berlin-based Kempinski Hotels will build up its presence in Yangon in the next few years. According to an announcement by Thailand’s Siam Commercial Bank (SCB), a US$60 million financial support was granted for the renovation of an old building in Yangon into the Kempinski Hotel. […]