Myanmar needs to stub out growing tobacco usage

Myanmar is experiencing tremendous economic growth. With a young, growing population and a liberalised economy, it has been slated as one of 20 ‘markets of the future’ that will offer the most opportunities for consumer goods companies. Tobacco has been identified as one of Myanmar’s top 20 key industries. Its market size is worth an […]

Myanmar Will Hit This Year’s Foreign Investment Target After All, Says DICA Official

Myanmar can reach its target amount of investment for this fiscal year despite a slow start that raised doubts the country would bring in the $6 billion projected by officials, the Directorate of Investment and Company Administration (DICA) has said. U Aung Naing Oo, DICA’s Director General, said that although approved proposals are down more […]

Myanmar boosts incentives for infra development, labour-intensive projects

THE MYANMAR Investment Commission, a government body to facilitate both foreign and local investment, has planned plans to provide more incentives for investors in the two areas that are crucial to the country’s growth, labour-intensive industries and infrastructure development, a senior official said. According to Aung Naing Oo, secretary of Myanmar Investment Commission and director […]

Telecom sector attracts most foreign investment in Myanmar in 2016

Telecom sector topped the foreign investment line-up of Myanmar with 47.07 percent of the total investment flowing into the country in the fiscal year 2016-2017, according to the statistics of Myanmar Investment Commission (MIC) Tuesday. The telecom sector was followed by industrial sector with 25.5 percent and the rest went to power, hotel and construction […]

Growing Economy Brings Rise in Fuel Oil Shipping from Singapore

​​ SINGAPORE — Burma’s oil imports are surging to fuel a fast-growing economy and rebuild rotting infrastructure, creating a small but profitable route for ships making a beeline for the emerging Southeast Asian nation from the regional hub of Singapore. Servicing growth that could top 8 percent this year is a clutch of small tankers […]

Airport That is Set to Become Myanmar’s Largest ‘to Open by 2020’

​​ The Hanthawaddy International Airport will go ahead as a national project within the current term of government, Myanmar Vice President U Henry Van Thio has pledged to the committee charged with the airport’s construction. Once completed, it will become a major gateway for international airlines, U Henry Van Thio, the chairman, told the committee […]

Thilawa SEZ Receives US$900 Million in Foreign Investment

​​ RANGOON — Japan-backed Thilawa Special Economic Zone (SEZ) in Rangoon’s Thanlyin Township has received more than US$900 million in foreign investment since its launch in 2014, said a recent report issued by the Myanmar Investment Commission (MIC). “Since the start of the operation, the SEZ has received US$903 million foreign investment,” MIC secretary U […]

Labour Official Upbeat on Migrants-to-Malaysia Restart But no Date Set

​​ A suspension on sending migrant workers from Myanmar to Malaysia will be lifted when political conditions in the latter improve and the safety of labourers can be better assured, according to U Thein Win, director of the Ministry of Labour, Immigration and Population’s Migrant Affairs Department. The decision earlier this week to cut off the […]

Furniture expos to take place next year locally and abroad

A Series of exhibitions to display Myanmar’s furniture products are planned to take place next year at home and abroad for the purpose of seeking new business opportunities for Myanmar’s wood-based furniture products. Organized by the Myanmar Rattan and Bamboo Entrepreneurs Association, value-added furniture will be displayed for sale at trade events not only in […]

Tourism industry booming in Mandalay in December

Tourist arrivals have increased in Mandalay due partly to the addition of more Mandalay-Bangkok- Yangon flights and more direct flights between Mandalay and Hong Kong in December. Adding to the burgeoning popularity of central Myanmar is the allowance since September for foreign tourists to enter Myanmar through border entrances with an evisa, available online. Tourists […]