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 ]
The dramatic fall in the value of kyat in recent months has raised alarms and left many baffled. The irony is that it was not so long ago a strong kyat caused exporters and those with earnings in foreign currencies to grieve.
Apparently neither a strong nor a weak kyat is pleasing and it is not an easy task to keep people on both sides happy. Nonetheless, wide fluctuations in exchange rates erode confidence and harm growth, something Myanmar cannot afford. Meanwhile, some of the most...
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...
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...
The government has initiated a process for raising import of onion from Myanmar to ease its high price in the domestic market because of inadequate supply of the item from India.
Indian traders have started taking back their export consignments of onion from the border area following its price spiral in their market, local traders said at an inter-ministerial meeting at the commerce ministry's conference room Sunday.
"Now we have decided to import onion through Trading Corporation of...
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....
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...
Every morning, more than 7,000 Vietnamese walk across the border and start work in a Chinese town.
Nguyen Thi Dung, an interpreter, is one of them. She lives in the Vietnamese city of Mong Cai but works in Dongxing City in China's Guangxi Zhuang Autonomous Region.
The 27-year-old woman has a number of clients in Dongxing. With the help of people like her, Vietnam sells seafood to China, while China exports clothes and domestic appliances to Southeast Asia.
Dung earns at least 200 yuan...
Myanmar will be opened Construction and Housing Development Bank in January next year, according to Win Zaw, Managing Director of Construction and Housing Development Bank Public Company Limited.
“We have an idea for low income people to own an apartment or a house with a long term loan (20 years to 30 years) and establish a financial system,” said Kyaw Lwin, Union Minister for Construction.
The company will start sell shares soon. It is planned to sell 10 million shares with 10,000...
In a landmark event, the US$2.5 billion Myanmar-China pipeline began pumping gas on July 28. This project is strategically important for both countries - it will enable China to save on costs of importing fuel through the Strait of Malacca while Myanmar will be able to tap into its rich energy sources and gain income, employment and a more reliable domestic energy supply.
In a landmark event, the US$2.5 billion Myanmar-China pipeline began pumping gas on July 28. This project is...
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...
The name Myanmar is derived from the local name Myanma Naingngandaw, which is a name used by the governent which is currently in power there. While the real meaning of the name is not clear, it is interesting to note... ... More
