ODI Urges Myanmar to Raise Chinese FDI in Garment Units

Myanmar should take steps to raise foreign direct investment (FDI) from China in labour-intensive sectors, such as garments, to boost the country’s economic transformation, according to a briefing paper published by UK-based think tank Overseas Development Institute (ODI). Given its economic size and proximity, China should be the preferred partner, it says. The briefing paper by […]

More FDI essential for substantial increase in garment exports

The study called for an expansion of training in the garments sector to tackle shortages of high-level skill as well as complementary reforms in finance and trade policy. The briefing paper Foreign direct investment and economic transformation in Myanmar, written by Stephen Gelb, was published in June 2017 by Supporting Economic Transformation (SET). Funded by […]

SGP to acquire power plant in Myanmar

SIAMGAS and Petrochemicals (SGP), a supplier of liquefied petroleum gas, will take over a 230-megawatt power plant in Myanmar for US$48 million (Bt1.69 billion) in cash as part of its drive into other energy businesses. The combined-cycle power plant in Myanmar should give SGP higher income and return on investment, which should add value to […]

Myanmar Company plans Thai listing

A tourism-related firm in Myanmar with expected market capitalisation of 10 billion baht is poised to raise funds from a primary listing on the Thai stock market in 2016. Twin Pine Consulting is the financial adviser, managing director Adisorn Singhsacha said yesterday. The company is considering fund-raising options for the Myanmar company. The Securities and […]