fbpx

FDI jumps 77pc to US$2.3 billion in first half of 2019

Government-approved foreign direct investment (FDI) into the country stood at US$2.3 billion in the first-half of 2019, a 77 percent improvement from the same period last year when approved FDI came in at US$1.3 billion. According to statistics from the Directorate of Investment and Company Administration, Singapore was the top investor with US$1.3 billion and […]

ADB Forecasts Myanmar’s Economy to Resume Growth This Year

YANGON — The Asian Development Bank (ADB) expects Myanmar’s economy to resume growth this year and continue to expand in the next thanks to more foreign investment and a positive response to the government’s economic and policy reforms. The Asian Development Outlook 2019 forecasts Myanmar’s economy to grow by 6.6 percent in 2019 and by […]

Singapore leads FDI list

Singapore has topped the list of foreign investments with over 20 billion USD, which accounts for more than 26 per cent of the total foreign investment, according to Directorate of Investment and Company Administration (DICA). From 1988-89 to 2018-19 fiscal year, the total foreign investment hit nearly 79 billion USD. Since taking office in 1988, […]

Singapore tops hotel investment list

The Ministry of Hotels and Tourism recently announced that Singapore ranks first among foreign countries investing in Myanmar hotel and business complexes, with Vietnam a distant second. The Myanmar Investment Commission has allowed 48 hotels – with a total of 7058 rooms – to open in Myanmar. Foreign investment in these hotels had reached K655 […]

China tops investor list

China is the top investor in Myanmar so far this year, according to the Directorate of Investment and Company Administration. Until the end of October, total foreign investments exceeded US$50 billion, of which US$40 billion is operating in the country. Myanmar Investment Commission (MIC) is giving the green light to local and foreign companies in […]

Singapore the top investor in Myanmar hotels and tourism sector

Singapore has become the top investor in Myanmar’s hotels and tourism sector, with a total investment of more than US$ 880 million (Ks 847.44 billion), according to the Myanmar Infrastructure Summit held on Tuesday (March 18). “Nay Pyi Taw, Mandalay, Bagan and Inlay regions have seen a massive influx of tourists after Yangon,” said Hlaing […]

Hydropower, mining, oil and gas sectors cover 85 per cent of total investment

Investment sectors in hydropower, mining, oil and gas covered 85 per cent of total investment in Myanmar, said Aung Naing Oo, Director General of Directorate of Investment and Companies Administration in a conference held at Myanmar Investment Commission Office in July 25. “The main foreign investment in Myanmar is hydropower. The investment in hydropower sector […]