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 ]
Sean Danley has spent the past six months scouting office space in Yangon after being sent to establish the Myanmar branch of his U.S.-based employer.
He looked in the city’s three sole 1990s-era towers, where annual rents have climbed to more than $100 a square foot, compared with less than $75 in downtown Manhattan , according to broker CBRE Group Inc. Too expensive, he said.
The villas he considered either didn’t have safety exits, weren’t clean, required sharing space with other...
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...
Menafn - Bangkok Post - McClatchy-Tribune Information Services via COMTEX) --More international hotel chains are being attracted to Myanmar, where hotel rooms are in short supply but demand is brisk.
Glenn De Souza, the vice-president for international operations in Asia and the Middle East for the US hotel brand Best Western, said Myanmar still needs international-standard hotels and standardised hospitality services.
With Myanmar opening up to the world, its tourism is flourishing, but...
15th Asia Cementrade Summit, on the 24-25 Sep, 2013 in Yangon, is honored to host Government Officials from Ministry of Industry, Myanmar Investment Commission, Ministry of Mines, Ministry of Transport and cement industry players, in an information-packed event, presenting valuable updates on the upcoming cement market opportunities in Asia. His Excellency U Maung Myint, Union Minister of Industry, Ministry of Industry, Myanmar has been invited to deliver the keynote address.
Asia is the...
In the first article of a two-part series, Yangon-based economist Andrea Smurra explains why a small- and medium-sized enterprise law is vital for development
The draft Small and Medium Enterprise Law, which will be debated during the current session of parliament, has the potential to transform almost 90 percent of Myanmar’s businesses by encouraging competitiveness and investment.
If it is effective, the legislation could ensure that Myanmar SMEs can meet the challenges posed by the...
NEC Corporation today officially opened its Yangon and Naypyidaw offices in Myanmar, said a statement issued by the company here today.
Bringing its expertise in information and communications technology (ICT) as well as social infrastructure, NEC Corporation sees great potential in Myanmar, which has undergone rapid economic growth in recent years.
NEC s more than 35 years of experience with Myanmar s communications infrastructure, including telephone switchboards, wireless equipment,...
Myanmar's garment industry has received the most foreign investment over the last six months according to recent data from the Myanmar Investment Commission (MIC).
Along with the rise of foreign investments, the employment rate in the industry has also increased.
"MIC has noticed that the garment sector received most of foreign investments in the last six months. Another sector which enjoyed growth during the period was manufacturing," said Khine Khine Nwe, a n MIC member at a recent...
Chinese firms, which for decades were the largest and the only foreign investors in a closed-off Myanmar, are now becoming increasingly unpopular for allegedly unfair contracts, environmental damages and China’s ties with the former military regime.
As a result, China could see its share of total investment in Myanmar diminish as the nation sees foreign investment from developed countries, following the lifting of Western trade sanctions and the opening of the economy under the new...
Myanmar’s Company Act 1914 will be redrawn with assistance from the Asia Development Bank (ADB), said the deputy minister for National Planning and Economic Development.
The law is outdated and does not reflect the current situations, Deputy Minister Sett Aung noted during a parliamentary meeting on July 23.
The topic was first raised at the parliament by MP Kyi Myint from Latha Constituency, Yangon.
“This law is inconsistent with the Foreign Investment Law 2012. It also hurts the...
Victor S. Limlingan, the firm’s managing director, said in a phone interview that a group of DMCI Holdings executives led by the conglomerate’s president, Isidro M. Consunji, visited the Southeast Asian neighbor from July 16 to 19.
“We were primarily interested in the real estate situation there. We learned that there is a shortage of housing,” Mr. Limlingan said.
Mr. Limlingan, who was part of the visiting team, said DMCI Project Developers, Inc. President Alfredo R. Austria...
Neighbors often drop by unannounced. Guests are expected to compliment the host's house and/or kids. They are then invited to dinner and offered the best hospitality the host's family has to offer. ... More
