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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

MYANMAR'S PRESIDENT WANTS EX-GOVERNOR BACK TO HEAD CENTRAL BANK

MYANMAR'S PRESIDENT WANTS EX-GOVERNOR BACK TO HEAD CENTRAL BANK
Source: Reuters - (19/08/2013)

Topics: Economy      Banking

President Thein Sein has proposed that a former head of the central bank of Myanmar be brought back as governor as part of reforms that will make it independent from the Ministry of Finance, a source at the president's office said on Monday. "In his message sent to the Union Parliament, the president last week proposed appointing Kyaw Kyaw Maung, retired central bank governor, as the governor," the senior official said, asking not to be identified. Kyaw Kyaw Maung, a career banker in his...


MYANMAR TO GET MORE PROFIT FROM CHINESE-BACKED MINE

MYANMAR TO GET MORE PROFIT FROM CHINESE-BACKED MINE
Source: World Bulletin - (19/08/2013)

Topics: Business      Mining and Exploration

World Bulletin / News Desk Myanmar has signed a revised contract that increases its share of the profits from a controversial Chinese-backed copper mine, the country's largest, officials said. The revision is seen as an attempt by the government to appease public anger over the project by giving the country a bigger share of the profits, after protests last year that triggered a violent police crackdown. The new terms give the government 51 percent of the profits from the Letpadaung...


MYANMAR TO CONDUCT SURVEY AS 1M STILL LIVE IN LOW-QUALITY HOMES IN YANGON

MYANMAR TO CONDUCT SURVEY AS 1M STILL LIVE IN LOW-QUALITY HOMES IN YANGON
Source: Eleven - (19/08/2013)

Topics: Economy      Construction

Myanmar is planning to conduct a nationwide housing survey to address the issue of housing shortages, especially in the Yangon area where over a million residents still live in low-quality houses, according to sources from the Ministry of Construction. At present, the population in Yangon has increased more than ever and Yangonites are facing skyrocketing real estate prices. One out of six million inhabitants of Yangon are living in low-quality houses, said the ministry. “At the...


MYANMAR SETS UP NATIONAL REFORM COMMITTEE TO BOOST REFORM

MYANMAR SETS UP NATIONAL REFORM COMMITTEE TO BOOST REFORM
Source: Mizzima - (19/08/2013)

Topics: Politics      Law

Myanmar government has formed a separate national reform leading committee, led by President U Thein Sein, to direct efforts on reform program for the remaining 30 months of the present five-year term of office, replacing project commission set up in the past, official media reported Saturday. Summoning Cabinet Ministers, Deputy Ministers and Chief Ministers of region and state governments, U Thein Sein urged to form delivery units or task forces and working groups to implement the policies...


MYANMAR NAMES 3 MORE PRESIDENTIAL ADVISERS TO HANDLE ECONOMIC, LEGAL AFFAIRS

MYANMAR NAMES 3 MORE PRESIDENTIAL ADVISERS TO HANDLE ECONOMIC, LEGAL AFFAIRS
Source: Mizzima - (19/08/2013)

Topics: Economy      Law

Myanmar President's Office has named three more new advisers to the president, in a move to strengthen handling of economic and legal affairs in the process of the government's reform. Thursday's official media quoted an announcement by the President's Office as reporting that Dr. Aung Tun Thet and Dr. Zaw Oo were appointed as economic advisers to the president, while U Nyan Naing Win was named legal adviser. One of the three former political advisers U Ye Tint resigned from...


MORE JAPANESE INVESTMENTS EXPECTED IN MANUFACTURING, TRANSPORT AND IT

MORE JAPANESE INVESTMENTS EXPECTED IN MANUFACTURING, TRANSPORT AND IT
Source: Eleven - (19/08/2013)

Topics: FDI in Myanmar      Construction

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,...


LOCAL INVESTMENT IN MYANMAR UP US$114 MILLION IN JULY

LOCAL INVESTMENT IN MYANMAR UP US$114 MILLION IN JULY
Source: Eleven - (19/08/2013)

Topics: Investments      Construction

Local investment in Myanmar has risen 110 billion Kyats (US$114 million) to 3 trillion Kyats (US$3.2 billion) in July, according to the Ministry of Commerce. Over 101 billion Kyats - 91 percent of the investments made by local businesses last month - was added to the manufacturing sector. Total local investments in manufacturing reached 801 billion Kyats ($827 million) by the end of July. Local businessmen invested in new rice factories, sugar plants and manufacturing various...


LINKING FAIR AND SQUAR IN MYANMAR

LINKING FAIR AND SQUAR IN MYANMAR
Source: Inter Press Service - (19/08/2013)

Topics: Business      Information Technology

What’s less than two months old, has hit the headlines globally, and has more than 79,000 ‘likes’ and over 16,000 people talking about it? No, it’s not Prince George Alexander Louis but the precocious SQUAR of Myanmar, the once isolated Southeast Asian nation’s own version of social networking site Facebook. China has Weibo, the ‘Chinese Facebook’; Indonesia has Zuma; and now Myanmar has jumped on the bandwagon of Asian countries seeking a virtual place to meet, chat and do business, all...


JAPAN TO PROVIDE LOANS TO MYANMAR AGRICULTURAL BANKS

JAPAN TO PROVIDE LOANS TO MYANMAR AGRICULTURAL BANKS
Source: Eleven - (19/08/2013)

Topics: Business      Agriculture

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,...


JADEITE RING SELLS FOR $2.6 MILLION AT AUCTION AS DEMAND FOR GEMS SOARS

JADEITE RING SELLS FOR $2.6 MILLION AT AUCTION AS DEMAND FOR GEMS SOARS
Source: The Vancouver Sun - (19/08/2013)

Topics: Business      Jewellery

Dennis Sun, a Hong Kong jewelry collector, has been buying jade for three decades. Lately, it has been harder to snag the perfect piece as mainland Chinese buyers drive prices through the roof. At a Christie’s auction in May, he watched a jadeite ring sell for about HK$20 million ($2.6 million), or five times its estimated price. Last month, he bought a jade bangle for almost HK$1 million even though the colour and quality weren’t all had hoped for. “The prices went up so high, if I don’t...



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Did You Know?
Myanmar lies on the crossroads of two of the world's great civilizations – China and India . Its culture is a blend of both interspersed with Myanmar native traits and characteristics. Buddhism has great influence on... ... More

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Mid-sized Korean law firms seek Myanmar presence to tap energy potential - Analysis
Mid-sized Korean law firms seek Myanmar presence to tap energy potential - Analysis

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Inside Story - Myanmar's future challenges - Invest Myanmar.biz video
Inside Story - Myanmar's future challenges

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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