Foreign Direct Investment into a country is influenced by Ease of Doing Business

FDI is desired by most of the countries as it can help in boosting the economic development of the country. Therefore almost every country tries to attract the foreign investment by offering the incentive such as tax incentive, tax grace period and etc. Our neighbouring country, India had amended the Foreign Direct Investment Law in […]

The ‘Lean, Clean And Green’ AIIB Is Ready For More Ambitious, Independent Projects

The Asian Infrastructure Investment Bank (AIIB) has been operating for eighteen months, and, contrary to the fears of some Western analysts, the bank has tightly controlled risks, engaging in projects that are sensitive to local politics, social conditions, and the environment. While the AIIB has mainly been working closely with other multilateral development banks, the […]

Thirty development projects in pipeline in Mandalay through fiscal 2020-21

The regional Minister for Planning and Finance, U Myat Thu told the second session of the regional Hluttaw that the development projects will be implemented in two ways; some will be carried out with loans and some will be carried out with financial support. Nineteen of the projects will be carried out with the help […]

Solar panels light up thousands of homes in Kayin State

Over 11,000 rural households in Kayin (Karen) State are set to newly receive electricity thanks to a long-awaited solar panel program. Under the National Electrification Project (NEP), the World Bank and the Department of Rural Development are installing heavily subsidized solar panels, which were sold to villagers at a fraction of the real cost. The […]

Myanmar’s Tourism Destination Dreams Fade Amid Empty Hotels

With its sweeping view of the Shwedagon Pagoda, a glittering golden stupa and Myanmar’s top cultural attraction, the Esperado Lake View Hotel should be in an enviable spot. Yet, just two years after it was built, this four-star hotel sits half-empty for many months at a time, according to manager Nero Kyaw Wai. “We aren’t seeing […]

Yangon New City Project to be Remodelled with Tower Blocks Included

The current New City project in Myanmar’s commercial capital will be remodelled to accommodate the city’s projected population growth and tower blocks will be part of the new plan, according to a Yangon Region minister. Daw Nilar Kyaw, the regional minister for electricity, industry and transportation, made the remarks on July 10 during a special […]

Development banks supplement roads and bridges with digital finance

• Building roads and bridges is still important for World Bank’s IFC, but digitally linking people is rising in significance. • IFC has disbursed $205 million to date into 29 financial technology investments; creating over 4,800 jobs in three years. • Digitally connecting people through new services has created new economic and employment opportunities. Multilateral […]

Foreign investors remain upbeat about Myanmar

YANGON – Foreign investors remain upbeat about Myanmar’s economy despite concerns over its pace of reform, said the head of a Singapore think tank, Associate Professor Simon Tay on Wednesday (June 28) at forum in Yangon. According to a preliminary survey result of foreign businesses conducted by the Singapore Institute of International Affairs, some 67 […]

Itochu, Lippo Team up to Run Southeast Asian Hospitals

TOKYO — Itochu will join hands with Indonesian conglomerate Lippo Group to operate hospitals in Southeast Asia, aiming to capitalize on the region’s growing demand for advanced medical services offered by the private sector. The Japanese trading house has entered a business partnership with Lippo Karawaci, Indonesia’s largest hospital operator, to set up a Singaporean joint venture this […]

IFC injects $13.5 million into local microfinance institutions

The International Finance Corporation, (IFC), a member of the World Bank Group, has provided a financing package of $13.5 million to various microfinance institutions in Myanmar to support the country’s critical credit demands. The institution has decided to take a $1.5 million stake in Maha Agriculture Public Company (Maha MFI) and extend $6 million in […]