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... [ More ]
Yet this space is highly contingent on a number of volatile factors: the goodwill of the current President and his associates in Parliament, the ability of Aung San Suu Kyi to assure the... [ More ]
If the 10-nation ASEAN bloc is to double its economy by 2020, then a large thrust of the growth rate will be coming from Myanmar.
According to consultancy McKinsey Global Institute,... [ More ]
Myanmar was one of East Asia’s fast growing advanced economies in the early 20th century. But decades of isolation took its toll and Myanmar was left out of the region’s remarkable... [ More ]
Ho Chi Minh City-based C.T Group has submitted the plans to develop Vietnam – Myanmar Industrial Zone (IZ) in a recent meeting with H.E. Nyan Tun - Vice President of Myanmar, according to a local newspaper.
The IZ will accommodate many Vietnamese manufacturers, since it will offer them “the opportunities to expand the commodity market into Myanmar by directly relocating production facilities to this industrial zone,” the Naypyidaw-based New Light of Myanmar newspaper reported.
The...
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...
It turns out that Myanmar may need China after all.
Reformers had hoped that the transition from a military regime to democracy would bring in new foreign investment to help Myanmar wean itself from support from its massive neighbor to the north , which was its main patron during decades of international isolation. But it hasn’t quite turned out that way.
In fact, plummeting Chinese investment in the wake of Myanmar’s pivot to the West—along with protests over profit sharing and...
Myanmar’s rapid re-engagement with the international community is attracting an increasing number of expatriates and contributing to an incredible demand for residential property. Yet as new arrivals to the country quickly discover, the same factors that make Myanmar an exciting country full of potential and opportunity also lend to challenging living conditions. - See more at: http://www.property-report.com/dealing-with-the-difficulties-of-living-in-myanmar-31571#sthash.oLvVFXUe.dpuf
The...
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 agreed on Tuesday to grant the U.N. nuclear watchdog wider inspection powers in the previously army-ruled Asian state, a move expected to help ease any lingering concern about its nuclear ambitions.
Myanmar's foreign minister, Wunna Maung Lwin, signed the so-called Additional Protocol in a brief ceremony with Director General Yukiya Amano of the International Atomic Energy Agency on the sidelines of the IAEA's annual member state meeting.
Once ratified by Myanmar, it will allow...
RANGOON — At a street corner in Rangoon’s Kamayut Township, a young man does what would have been odd in his country just three or four years ago—he lowers his head, fixes his eyes on his smartphone, swipes the screen and smiles.
He is probably in his 20s, dressed casually in a black striped shirt and dark jeans, which makes him stand out in the crowd of people wearing traditional longyis. Still, with the phone in hand, he is not uncommon among the Burmese of his generation, especially...
The Ministry of Telecommunications and Information Technology is seeking partner companies to bid on tenders for building of 400 telecommunication stations across the country.
As part of the government's business expansion plan, tenders are invited from local and international companies for building radio stations, site requirement and survey, technical buildings, mobile cell towers, power systems, supply and installation of air conditioners in these stations, installation of advanced...
Telenor ASA (TEL) maintained its cost saving and cash-flow targets for 2015 as the Nordic region’s largest phone operator expands its emerging market operations to reduce its reliance on its home market.
Telenor, based in Fornebu near Oslo, maintained its goal of 5 billion kroner ($847 million) in cost savings and operating cash flow of 28 billion kroner to 30 billion kroner in 2015, it said in presentation slides published ahead of its capital markets day today.
“Continued growth...
Norwegian telecoms giant Telenor has clarified its investment plans for new market Myanmar, Reuters reports, with CEO Jon Fredrik Baksaas indicating that the total CAPEX figure is likely to be under USD2 billion. He told the news agency: ‘It is going to be less than what we invested in total in Pakistan. Some [analysts] have used Pakistan as a benchmark and implied that it could be as much as what we invested in Pakistan, but it will not be [that high]’.
Telenor, which was awarded one of...
Burmese people paint on a yellow paste that comes from a tree called Thanakha. It is used as a insect repellant, sunblock and make up. Usually only women and children wear Thanakha. ... More
