Myanmar taps Israeli expertise in agriculture

ISRAELI expertise and technologies in agriculture are supporting Myanmar’s efforts in reforming its vast agriculture sector, while the recently enforced investment protection agreement is expected to boost inward investments for Myanmar in the long run. Following the signing of an agreement for Reciprocal Promotion and Protecting of Investments between the two countries in October 2014, […]

Thai SMEs encouraged to invest in Mandalay

Thailand’s small and medium-sized enterprises (SMEs) are being urged to invest in Myanmar, especially in Mandalay, a region with abundant natural resources, strong agricultural production and growing demand for Thai goods. Speaking at a seminar in Mandalay sponsored by Bangkok Post Plc and Asset Pro Management Co, Nuttaphong Visitkitchakarn, who sits on the executive committee […]

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 […]

Government introduces new online statistics portal

Myanmar has taken another step toward open data with the debut of an online statistics portal. The Myanmar Information System (MMSIS), built by the Central Statistical Organisation (CSO) under the Ministry of National Planning and Economic Development with help from the Korea International Cooperation Agency (KOICA), aggregates information spanning subjects such as trade, investment, demographics […]

Economic reforms gain momentum

It’s been almost four years since President Thein Sein came to power and launched his reform programme. This year sees Myanmar attempt to connect to the global economy. The economic reform is a long road ahead that requires strong efforts from both the government and private sectors. There is some progress, especially in the liberalisations […]

Myanmar’s Telecom Industry To Get $1B Foreign Investment (FDI) From Telenor, Ooredoo And Other Companies In 2014

Myanmar’s telecom sector is expected to be a rock star in terms of attracting foreign investment in the coming year, with about 20 percent of the $4 billion to $5 billion the Southeast Asian nation is projected to receive coming from Norway’s Telenor, Qatar’s Ooredoo and other foreign telecom firms. Telenor and Ooredoo were finally […]

Singapore’s SingTel to invest in Myanmar

Singapore’s SingTel has been in discussions with officials to invest in Myanmar’s telecom sector, according to local sources. Kavin Wu Shiyuan, a representative from Singapore Telecommunications Limited met with Aung Naing Oo, the director general of Directorate of Investment and Company Administration (DICA) in Nay Pyi Taw on October 4. Although SingTel failed to win […]