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MoU on official rice exports to China to be signed soon

Under a program between Myanmar’s Yangon and China’s Kunming, a Memorandum of Understanding on official rice exports to China will be signed soon, said U Aung Htoo, Deputy Minister of Commerce. “We plan to sign the MoU for the export of rice and broken rice to China by this month or next. Negotiations are at […]

Yangon Stock Exchange looks for Belt and Road boost

The Yangon Stock Exchange, launched in December 2015, expects to enjoy indirect benefits from China’s Belt and Road Initiative as more Sino-Myanmar joint ventures are set up and demand for capital increases. “China is a major economic and trade partner with Myanmar. Myanmar’s enterprises need to grow together with their Chinese counterparts,” said Thet Htun […]

Mandalay likely to hit US$600 million FDI target for 2017-18

The Mandalay region is set to achieve its US$600 million foreign direct investment (FDI) target for 2017-18. FDI in April-June has already exceeded US$582 million, which is around 90 per cent of the target, data released by the Mandalay Region Investment Committee showed. Under the new Myanmar Investment Law enacted in Oct 2016, Region and […]

Foreign Investment in Agriculture Rests on Policy Support, Innovation, Says Dentons

Myanmar’s agri­cultural sector is ‘very close’ to seeing an uptick in for­eign investment but only if the government contin­ues providing policy sup­port and if investors are willing to ‘innovate’, ac­cording to the Myanmar resident partner of the world’s largest law firm. After decades of neglect, Myanmar’s largest indus­try lags well behind that of regional neighbours […]

Transportation and communication sector receives largest investment

Out of 93 investment businesses, the transportation and communication enterprises have received the largest investments as of the end of October in this fiscal year, it is learnt from the Directorate of Investment and Company Administration (DICA). The transportation and communication sector is placed at the top with an investment of US$1,014.48million, followed by the […]

Tax exemptions to be granted to 100 per cent of export factories

TAX exemptions will be granted to 100 per cent of export factories operating in Myanmar without time limit if both nationals and (if applicable) their foreigner partners export all finished products they manufacture, it has been learned from the Directorate of Investment and Company Administration (DICA). Export enterprises will be exempted from certain taxes. That […]