Singapore leads foreign investment

More than US$3 billion worth of investment entered Myanmar by August this financial year and Singapore topped the list of foreign investors, according to the Myanmar Investment Commission (MIC). Singapore has traditionally been used as a conduit by investors in countries where economic sanctions have been imposed on Myanmar. The MIC said it allowed about […]

Telecoms Sector Leads Investment List

​​ Until December this financial year, the telecoms sector is attracting the most investment, according to Aung Naing Oo, secretary of the Myanmar Investment Commission. “This year, telecoms tops the investment list, followed by manufacturing. But the MIC is still receiving proposals for this financial year,” he added. More than US$1.62 billion had been invested in telecoms, while manufacturing received more than US$880 million and the energy sector received more than US$600 million. Until the second week of January, the MIC granted permits to 106 foreign investments worth more than US$4.4 billion, under the Foreign Investment Law. Investment has exceeded US$5.78 billion, according to the […]

Myanmar urged to prioritise long list of reforms

Property rights are not well-established in Myanmar and land confiscation is a major concern among foreign investors, according to a report by US Department of State. In its 2015 Investment Climate report, the government’s limited capacity was highlighted. Myanmar is urged to prioritise its long list of desired reforms, to focus on matters that concern […]

Big Year for Myanmar Economic Reforms

: Myanmar’s parliament reconvened on January 13 with some 30 crucial proposed bills on the table, among them the establishment of a special economic zone law, mining regulations and the revamping of the foreign investment law. One thing was abundantly clear, 2014 is going to be a busy year. The stage for continued economic reform […]

Foreign investors still cautious about Myanmar

Despite strong effort by the Myanmar government to introduce reforms, especially in the business sector, the country still faces a lot of challenges that are keeping foreign investors away, a senior official has admitted. The key challenges faced by the business sector include infrastructure problems such as insufficient power supply, poor roads and logistics, as […]

Myanmar honing investment laws to ensure a level playing field for all, minister says

Myanmar is drafting several laws and regulations to create a more level playing field and more favourable investment climate. Set Aung, deputy minister of national planning and economic development and vice governor of the Myanmar Central Bank, told the recent Myanmar Global Investment Forum in Nay Pyi Daw that the foreign investment law was amended […]

Myanmar Parliament to consider constitution amendment and other bills

The Parliament would discuss a number of bills and a plan to set up a commission to review and study for the amendment of the 2008 Constitution during its regular session on Tuesday (25). During the session Union Assembly (Parliament) representatives will also approve 13 bills, including farmer protection bill. The 12 other bills to […]