The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration.
The UK invested over US$2659.954 million in March 2011, and the investment is increased to over US$3045.434 million in June 2013. China is still the biggest investor in Myanmar with more than US$14 billion. The UK is standing in 5th place behind China, Thailand, Hong Kong and South Korea.
The UK is making investment...
Around 20,000 jobs have been created in Burma during the current fiscal year thanks to the increase in foreign direct investment (FDI), according to government data.
In the first five months of the 2013-14 fiscal year (April to August inclusive), FDI topped US$1.8 billion, mostly focused in the garment manufacturing sector.
Aung Naing Oo, the director-general of the Directorate of Investment and Company Administration (DICA), said the majority of investments came from East Asian countries...
Myanmar's contracted foreign investment hit 43.682 billion U.S. dollars in 600 projects as of August this year, local media reported Thursday.
Coming from 32 countries and regions, the investment mainly covers four sectors of electric power, oil and gas, mining and manufacturing.
Without specifying the investment amount, the report said China stood as the largest foreign investor, followed by Thailand, China 's Hong Kong Special Administrative Region, South Korea, Britain, Singapore,...
Myanmar is a strange, two-sided coin. On the one hand, the country’s recent inflow of foreign investment and the government’s economic reforms seem to promise great growth for the impoverished Southeast Asian nation; on the other hand, genocides, protests, religious clashes and sectarian violence continue to afflict the country. While it will without a doubt be challenging to invest in Myanmar, responsible foreign investment has the potential to alleviate some of the non-economic troubles...
Myanmar President U Thein Sein said the ongoing Myanmar Global Investment Forum would contribute to the economic development of the country, official media reported Wednesday.
He added that the forum is a golden opportunity for Myanmar at a time when sweeping reform is taking place.
U Thein Sein made the remarks at a meeting with vice president of the Asian Development Bank (ADB) Xiaoyu Zhao who is attending the forum in Nay Pyi Taw, which is the second of its kind.
The two-day Myanmar...
Myanmar received 731 million U.S. dollars' contracted foreign investment in a single month of August, bringing the total to over 43 billion dollars as of the end of the month since 1988, local media reported Sunday.
The investment, which came from six countries and regions, was mostly injected in the manufacturing, making it the largest foreign-invested sector in 2013.
As of the end of August, official figures showed that China had put in 14.189 billion dollars, followed by the Hong Kong...
Last week’s article (“Still too early for private equity firms”), analysed one of the most controversial aspects of the Myanmar legal system: Foreigners cannot acquire shares in local companies and as a result locals are not allowed to transfer shares to foreigners in a 100 percent locally owned entity.
We also suggested that it would be very important for the national economy to remove this restriction and allow foreign investors to inject capital in existing small and medium...
YANGON – Japan is going to have to rethink its strategy for opening business opportunities in Myanmar, one of the last untapped markets in Asia, as Japanese consortia have failed to win international tenders to develop the country’s infrastructure.
Airport construction and expansion projects as well as telecom operator licenses are among key deals that Japan has lost to other foreign consortia that have included South Korean and Chinese bidders, dealing a blow to Japan’s all-out...
Japanese banking firms are planning to provide loans through Myanmar's agricultural banks to help fund farming businesses, according to Myanmar Livestock Federation.
Kotaro Kikuchi from Japan International Corporation Agency (JICA), visited the Livestock Federation last week and queried about the difficulties faced in breeding animals and other farming practices.
"Due to political, economic and social reform processes, we [JICA] are going to meet NGOs for providing assistance. And then, we...
RANGOON — Burma’s government will receive a US$100 million loan from the Export-Import Bank of China, which it will use to fund cooperative programs that support farmers and the urban poor, lawmakers said.
Upper House member Phone Myint Aung said lawmakers and cooperative representatives attended a meeting at the Ministry of Cooperatives (MOC) on Sunday, where President Thein Sein set out the loan conditions and planned usage of the funds.
“The president informed participants that...
Australia will give technology and fund to local farmers of the Ayeyarwady region and the dry zones including Mandalay, Sagaing and Magway regions.
Ministry of Agriculture and Irrigation and Australia Centre for International Agricultural Research (ACIAR) will sign MoU to implement the project in this month.
ACIAR and the Australian Agency for International Development (AusAID) will cooperate to give technical assistance and departments under the ministry will work together with them. Each...
Contracted foreign investment in Myanmar from 32 countries and regions hit 42.95 billion U.S. dollars as of the end of July 2013 since 1988, according to the latest official figures.
Country-wise speaking, China led with 14.188 billion U.S. dollars, accounting for 33.04 percent of the total.
China was followed by Thailand (9.979 billion dollars), China' s Hong Kong Special Administrative Region (6.404 billion dollars), the United Kingdom (3.045 billion dollars), South Korea (3.018...
Myanmar’s Ministry of Construction has announced that they have been inviting private businesspeople to invest in constructing the country’s road network on a build-operate-transfer (B.O.T.) system basis.
The Ministry says it has a blueprint to construct some 24,669 miles of highways and interstates. It said 3,514 miles of roadway have already been contracted through private enterprises, leaving 21,155 miles of road requiring funding.
In applying to work a B.O.T system, the investor...
In the first quarter of 2013 Myanmar has received a total of US$810 million in foreign investment from 11 countries, according to Dr Khin San Yi, Deputy Minister for National Planning and Economic Development.
Investors from the United Kingdom, Canada, Australia, Thailand, Vietnam, Korea, Brunei, Malaysia, Singapore, China and India made a range of investments in Myanmar between April 1 and July 31, 2013.
The majority of investments were made in the manufacturing and tourism sectors....
Indonesia, a leading fertilizer exporter, is encouraging its fertilizer manufacturers to expand into the Myanmar market, an official said.
"Indonesia's agriculture-related industry has rapidly advanced and it's time for us to look for a better market out there" Deputy Agriculture Minister Rusman Heriawan said.
"Our neighboring country Myanmar has a promising market as they have millions of hectares of rice fields and good quality water for irrigation, with low yields due to poor...
Japanese investments are expected increase significantly in Myanmar’s manufacturing, transport and information technology sectors, according to the Directorate of Investment and Company Administration (DICA).
An official from DICA said there is an influx of Japanese businessmen visiting their office for information to open branch offices and to make investments in Myanmar.
Among them include machinery-manufacturer Kubota Corp, industrial and engineering corporation Hitachi Zozen,...
In the first quarter of 2013 Myanmar has received a total of US$810 million in foreign investment from 11 countries, according to Dr Khin San Yi, Deputy Minister for National Planning and Economic Development.
In the first quarter of 2013 Myanmar has received a total of US$810 million in foreign investment from 11 countries, according to Dr Khin San Yi, Deputy Minister for National Planning and Economic Development.
Investors from the United Kingdom, Canada, Australia, Thailand, Vietnam,...
Vietnamese businesses currently have four projects that have obtained an investment license in Myanmar, with the total registered capital estimated at US$600 million, the Association of Vietnamese Investors in Myanmar (AVIM) announced at a conference in Hanoi on Monday.
Twenty three local businesses have also been licensed to open representative offices and establish subsidiaries there, AVIM said at the conference on investment chance and potential to the newly opened country.
The most...
As political reforms kick in in Myanmar, the country is now open for business and foreign investment is flooding in. But, after decades of political repression and economic isolation, could the country really become Asia's next economic tiger?
Businesses may have to pay attention to ensure that reforms really do happen, but there are already real indications of the country's economic potential.
At the top of the list is Myanmar's proven gas reserves - estimated at 22.5 trillion cubic feet...
Myanmar and Belgium will share the costs for a six-month feasibility study on producing hydropower from the Ayeyarwady River after it has been maintained.
"Belgium and Myanmar will share the costs of 800,000 euros equally for a six-month study on four areas of the Ayeyarwady River.
EIA and SIA will be made after the study has been conducted," said an official from the Directorate of Water Resources and Improvement of River Systems under the Ministry of Transport.
The review of the...
NEW DELHI: Reliance Industries , ONGC Videsh and Cairn India are vying with global energy giants Shell , ConocoPhillips and ExxonMobil for 30 offshore oil and gas blocks that Myanmar has put on offer.
In all, 61 companies have been pre-qualified to bid for 11 shallow water and 19 deepwater blocks in an international tender, according to Myanmar's Energy Ministry.
The shortlisted companies from India include RIL, ONGC Videsh (the overseas arm of state-owned Oil and Natural Gas Corp...
The voltage throughout Myanmar is 220-230 Volts AC. Most of the international class hotels in Yangon have their own generators. However in other places, voltage varies greatly and power often goes out. Valuable or... ... More
