More investments are left to allow: DICA

Myanmar Investment Commission (MIC) is left to allow up to 15 foreign investments worth of US$400 million, said Deputy Director General San Myint from the Directorate of Investment and Companies Administration (DICA). The MIC is also left to allow local investments worth of Ks 1.434 trillion, he said. Moreover respective investment commissions found in regions […]

Thilawa’s Myanmar consortium considers joining Kyaukphyu SEZ

Yangon-Listed firm Myanmar Thilawa SEZ Holding Ltd (MTSH) may invest in Kyaukphyu SEZ, according to MTSH chair U Win Aung. The fourth annual meeting of the MTSH, a Yangon Stock Exchange-listed (YSX-listed) company, was held at Thuwunna Stadium in Yangon on September 9, where U Win Aung spoke about the long-term plan for the company. […]

Manufacturing sector absorbed more foreign investments in Thilawa SEZ

Foreign direct investments in Thilawa SEZ primarily flowed into manufacturing sectors which accounts for 73 per cent of total FDI in the zone. At present, FDI in Thilawa SEZ reached more than US$1.14 billion so far. Manufacturing sector in Thilawa SEZ absorbed investments of about US$843 million in 62 enterprises. Trading sector attracted investments of […]

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 […]

Myanmar moves forward

The government of Myanmar is about to take dramatic steps to spur economic development and improve government efficiency. Several significant cabinet changes are in the pipeline, detailed economic strategies are being finalised and a shake-up in the bureaucracy is already under way. These planned changes in ministerial personnel are aimed at strengthening the government’s leadership […]

Deep-sea port needed for delta region to boost logistics

The recommendations are published in the position paper released by the European Chamber of Commerce Myanmar (EuroCham) in June as part of EuroCham’s annual White Book. The publication highlighted the need for Myanmar to establish deep-sea ports in order for the country to realise its geographical advantage and become a logistics hub in Asia. Despite […]

Foreign firms have invested over $1bn in Thilawa SEZ

Foreign businesses invested more than US$1.075 billion in the Thilawa Special Economic Zone between November 2014 and June 2017, with over $773 million, or 71 per cent, in industrial the industrial sector, according to the Directorate of Investment and Companies Administration. Among the remainder of the foreign investment, $101.2 million went to the commodity trading […]

Twenty-seven new piers planned in Thilawa SEZ by 2020

Construction of 27 piers in Thilawa Special Economic Zone (SEZ) will begin this year for completion by 2020, according to a report in yesterday’s Myawady Daily newspaper. Some piers are used for general cargo while others are designated for specific goods. Five piers are expected to be completed by 2018. Six new piers were established […]

The Clock is Ticking for Myanmar Government to Show Real Progress

Myanmar is not the only country in ASEAN which attracts foreign direct investments (FDIs), Simon Tay, chair of Singapore Institute of International Affairs (SIIA), said during the sideline interview of the 2nd ASEAN-Myanmar Forum held in the commercial capital yesterday. He added that the critical thing is to see some real progress in the next […]

$1.8b FDI approved for 2017-18 so far

The Myanmar Investment Commission (MIC) has approved a total of US$1.85 million worth of investments from 66 foreign businesses and K501 billion worth of investments from 24 Myanmar citizens for fiscal year 2017-18. In June alone, the MIC approved investments worth US713.43 million from 22 foreign businesses and K11.425 billion investment from four Myanmar citizens, […]