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INVEST MYANMAR NEWS DIRECTORY

UK TO INVEST IN MYANMAR'S OIL, GAS AND TRAVEL SECTORS
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 ]
BURMA: FREEDOM OF EXPRESSION IN TRANSITION
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 ]
MYANMAR’S ECONOMY TO QUADRUPLE BY 2030
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: STEPPING UP TO ASIA AND THE WORLD
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 ]
WELCOME TO INVEST MYANMAR'S MYANMARESE INVESTMENT NEWS DIRECTORY!

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 LATEST MYAMNAR NEWS

TOURISM INDUSTRY WORKS TO EDUCATE AS FOREIGN VISITORS TO BURMA RISE

TOURISM INDUSTRY WORKS TO EDUCATE AS FOREIGN VISITORS TO BURMA RISE
Source: Irrawaddy - (23/08/2013)

Topics: Business      Tourism

Tourism industry stakeholders say awareness is key if Burma is to handle an expected influx of tourists—and the environmental and social impacts that they will bring—in a way that preserves the country’s rich natural and cultural heritage. According to data compiled by Burma’s Ministry of Hotels and Tourism, the number of tourists entering the country has risen from over 800,000 in 2011 to more than 900,000 last year. The ministry hopes to draw one million travelers to the country this...


TOBACCO COMPANIES SEE UNREGULATED BURMA AS BIG NEW MARKET

TOBACCO COMPANIES SEE UNREGULATED BURMA AS BIG NEW MARKET
Source: Epoch Times - (23/08/2013)

Topics: Business      Food and Beverage

YANGON, Myanmar—As some of the world’s biggest companies trumpet their arrival in Asia’s hottest frontier market, the tobacco industry has a different strategy: It’s slipping into Burma (officially renamed Myanmar) without fanfare. The impoverished nation of 60 million people emerged from a half-century of isolation and brutal military rule two years ago. With most international sanctions against the country lifted or suspended, foreign businesses from Coca-Cola and Unilever to Suzuki Motors...


THAILAND’S CONTROVERSIAL RICE POLICY HELPS NEIGHBORS’ EXPORTS

THAILAND’S CONTROVERSIAL RICE POLICY HELPS NEIGHBORS’ EXPORTS
Source: Voice of America - (23/08/2013)

Topics: Politics      Agriculture

BANGKOK — The Thailand government is pressing ahead with a rice price support scheme despite criticism over financial losses, concerns over rice quality and falling rice export sales. The scheme is possibly helping rival exporters, especially Vietnam and Burma. The rice program was a keystone of Prime Minister Yingluck Shinawatra’s electoral success in 2011 and was hugely popular among rice growers from rural areas that form the backbone of political support for her party. Under the...


PTTEP HITS GAS IN BURMA

PTTEP HITS GAS IN BURMA
Source: Upstream - (23/08/2013)

Topics: Business      Energy

Thai company drills three successful offshore gas appraisal wells on Aung Sinkha discovery PTT Exploration & Production (PTTEP) has drilled three successful offshore gas appraisal wells on the Aung Sinkha discovery in Block M3 off Burma. The Thai company said the Aung Sinkha-3 well flowed at a rate of 34.5 million cubic feet per day with associated condensate of 195 barrels per day. The Aung Sinkha-5 well flowed at 9 MMcfd, while the Aung Sinkha-6 well flowed at 14 MMcfd plus associated...


PTTEP EXPECTED TO START M-3 OUTPUT IN 2018

PTTEP EXPECTED TO START M-3 OUTPUT IN 2018
Source: Upstream - (23/08/2013)

Topics: Business      Energy

Thailand's PT Exploration & Production (PTTEP) is expected to start production from Block M-3 off Burma by 2018 at the earliest, according to local reports. The Myanmar Times cited an unnamed official from Burma's Ministry of Energy as giving the timeline for the development of the block which PTTEP has been exploring since 2011. “PTTEP is presently conducting detailed exploration,” the official was quoted as saying, adding the engineering, procurement, commissioning, installation and...


MYANMAR TO SELECT FOREIGN ENERGY COMPANIES TO EXPLORE 30 OFFSHORE BLOCKS FROM 61 SHORTLISTED COMPANIES

MYANMAR TO SELECT FOREIGN ENERGY COMPANIES TO EXPLORE 30 OFFSHORE BLOCKS FROM 61 SHORTLISTED COMPANIES
Source: International Business Times - (23/08/2013)

Topics: Investments      Energy

Myanmar has begun the long process of selecting foreign investors that will be allowed to explore the rich oil and gas resources in the seas off of the country’s coast from 61 companies that have been shortlisted, including Royal Dutch Shell PLC (NYSE:RDS.A), Exxon Mobil Corporation (NYSE:XOM), Total SA (NYSE:TOT) and China National Petroleum Corporation. The Myanmar Oil & Gas Enterprise (MOGE) and the Energy Planning Department (EPD) will now hold talks with the shortlisted companies. The...


MYANMAR TO BUILD LARGEST INTERNATIONAL AIRPORT

MYANMAR TO BUILD LARGEST INTERNATIONAL AIRPORT
Source: Mizzima - (23/08/2013)

Topics: Business      Infrastructure

Myanmar is set to build a new international airport in central Bago region, which is nine times larger than the existing Yangon International Airport, Deputy Director-General of the Department of Civil Aviation (DCA) U Win Swe Tun told Xinhua in an exclusive interview Tuesday. South Korean Incheon Airport Consortium (IAC), which is among seven prequalified foreign tenderers from Singapore, Japan, France and South Korea, won the tender for building the Hanthawaddy International Airport on...


MYANMAR ABOUT TO UPGRADE HOTEL INFRASTRUCTURE

MYANMAR ABOUT TO UPGRADE HOTEL INFRASTRUCTURE
Source: ETN Global Travel Industry News - (23/08/2013)

Topics: Investments      Infrastructure

The Myanmar Ministry of Hotels and Tourism and the Myanmar Hoteliers Association will this month carry out joint inspections of selected hotels in the country as part of the government's strategy to upgrade certain hotel improve services. The Myanmar News Agency reports: “We were not able to judge hotels’ standard this year. But, we have a plan for upgrading them this month. We are going to inspect the hotels together with the Ministry of Hotels and Tourism. We are going to do this work...


LOW WAGES AND HIGH PAYING CITY JOBS MAKE IT HARD FOR DELTA FARMERS

LOW WAGES AND HIGH PAYING CITY JOBS MAKE IT HARD FOR DELTA FARMERS
Source: Karen News - (23/08/2013)

Topics: Business      Agriculture

Farm workers refusing to work for low wages in the Irrawaddy Delta has caused a labor shortage in the region. Farm owners in Ba Wine village, Pantanaw Township, say it is now difficult to find workers to work for wages lower than what is on offer in the big cities. Saw Han Gyi, a local farm owner from Ba Wine village explained to Karen News about his problem. “The farming needs 12 workers a day. Now, it is difficult to find people to hire, it is not going well. One acre of land can be...


BURMA POISED FOR SIX-FOLD RISE IN MULTI-MILLIONAIRES: REPORT

BURMA POISED FOR SIX-FOLD RISE IN MULTI-MILLIONAIRES: REPORT
Source: Irrawaddy - (23/08/2013)

Topics: Macroeconomic Data      Energy

WASHINGTON — The ranks of Burma’s super rich will increase at least six-fold in the coming decade as one of Southeast Asia’s poorest countries emerges from military dictatorship and embraces a market-oriented economy, according to a new report. Wealth-X, a firm which gathers intelligence on wealth, estimates in its World Ultra Wealth Report that there are 40 individuals in Burma currently who have assets worth $30 million or more. It sees that number growing by 687 percent to 307 by 2022,...



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Did You Know?
There are four major rivers in Myanmar: Ayeyarwaddy River, Thanlwin River, Chindwin River, and Sittaung River. ... More

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Myanmar Markets Coming -Torstone Technology to Power Post Trade Processing of New Exchange

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COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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