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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

SCANT STOCKS, WEAK DEMAND DENT MYANMAR'S HOPES OF RICE REVIVAL

SCANT STOCKS, WEAK DEMAND DENT MYANMAR'S HOPES OF RICE REVIVAL
Source: Reuters - (18/09/2013)

Topics: Economy      Agriculture

Shrinking global demand, poor infrastructure and hesitant investors could leave Myanmar far short of its rice export target this year, dealing a blow to its ambitions of competing with the world's top shippers of the grain. Industry experts and government officials say the 3 million-tonne target for the current fiscal year ending March 2014 is unrealistic and Myanmar, the world's top rice exporter under British rule in 1934, faces multiple hurdles in revamping an industry that withered...


PROPERTY PRICES KEEP THE LOCKS ON MYANMAR

PROPERTY PRICES KEEP THE LOCKS ON MYANMAR
Source: WSJ - (18/09/2013)

Topics: Investments      Real Estate

For years, international companies wanting to set up in Myanmar were stifled by Western sanctions or rebuffed by the country's military government. Now, as the country opens up, global corporations are finding a new hurdle: real-estate prices. Top-quality office space in prime locations in Yangon, the commercial capital of the poorest country in Southeast Asia, is now the most expensive in the region at $78 a square meter ($7.33 a square foot) per month, according to research from...


NO SIM CITY IN BURMA

NO SIM CITY IN BURMA
Source: Irrawaddy - (18/09/2013)

Topics: Business      Telecommunications

RANGOON — Even with the slow-motion connections, it’s still possible to get addicted to the Internet in Burma. And those who like to get their fix more quickly usually turn to a mobile phone, which in this country inexplicably allows faster online access compared to other devices. But first, of course, one must have a smart phone. And even before that, a SIM card, or a subscriber identity module card. That first step stops many local Internet addicts from taking the smart phone approach,...


MYANMAR’S POVERTY TO BE REDUCED DOWN TO 16 % IN 2014-2015

MYANMAR’S POVERTY TO BE REDUCED DOWN TO 16 % IN 2014-2015
Source: Eleven - (18/09/2013)

Topics: Economy      Agriculture

According to the UN Economic and Social Commission for Asia and the Pacific (UN-ESCAP) data, the poverty rate was 32 percent before 2010. In 2011, it declined to 26 percent. In order to improve economic development of Myanmar, Myanmar is drawing up strategies in political, economic, administrative, and private sectors to reduce its poverty to 16 percent in coming 2014-2015. Myanmar is a country which gets less income and the capital investment is poor. We have shortages in electric, drinking...


MYANMAR’S PARLIAMENT APPROVES TELECOMMUNICATIONS BILL

MYANMAR’S PARLIAMENT APPROVES TELECOMMUNICATIONS BILL
Source: Mizzima - (18/09/2013)

Topics: Business      Telecommunications

Myanmar's Union Parliament on Tuesday approved a bill to promote the country's telecommunication sector, according to parliament sources. The telecommunications law calls for the development of the country with telecommunications technology and more participation by private sectors in developing the telecommunications sector. In the approved telecommunications bill, foreign telecom companies are allowed to operate in the country with license duration periods from five years in minimum to...


MYANMAR: BUST TO BOOM OR BUST TO BUST?

MYANMAR: BUST TO BOOM OR BUST TO BUST?
Source: The Diplomat - (18/09/2013)

Topics: Investments      Real Estate

Walking down the street in Yangon, the feeling of change is palpable. New buildings are being constructed and you cannot help but notice the influx of foreign tourists visiting the local sites. There is a lot to like about the opening of one of the world’s last frontiers, especially given its size, geography and vast raw materials. At close to 60 million people, Myanmar is the size of France and shares a border with Bangladesh, China, India, Laos and Thailand. Its geographic proximity to India...


MYANMAR: AWAITING ITS GREEN REVOLUTION – ANALYSIS

MYANMAR: AWAITING ITS GREEN REVOLUTION – ANALYSIS
Source: Eurasia Review - (18/09/2013)

Topics: Politics      Agriculture

On 1 September 2013, Myanmar’s President Thein Sein stated that “People in rural areas will soon experience tangible results of development programmes.” He seems to have ensured that the last months of his tenure are specifically dedicated to the farming sector, under the lead of the newly formed Ministry of Livestock, Fisheries and Rural Development. In Myanmar, agriculture accounts for more than 30 per cent of the GDP, and employs more than two thirds of the labour force. Hence it is no...


MYANMAR: A COUNTRY OF NEWFOUND ECONOMIC OPTIMISM

MYANMAR: A COUNTRY OF NEWFOUND ECONOMIC OPTIMISM
Source: World Finance - (18/09/2013)

Topics: Economy      Banking

Myanmar is a country undergoing rapid transformation. After 50 years of political and economic isolation, the country has opened up and re-entered the global community. Following elections in March 2011 that resulted in the election of President Thein Sein, Myanmar has experienced two years of growth and development. International sanctions have been lifted and there has been a sharp increase in foreign investments, much to the delight of Myanmar’s people. Today there is a buzz and an...


MYANMAR'S STATE-BACKED TELCOS SEEK BACKING TO TAKE ON NEW RIVALS

MYANMAR'S STATE-BACKED TELCOS SEEK BACKING TO TAKE ON NEW RIVALS
Source: Reuters - (18/09/2013)

Topics: Business      Telecommunications

Myanmar's two state-backed telecommunications operators are seeking investors to put in more than $1 billion as they prepare to compete with foreign newcomers, Norway's Telenor and Qatar's Ooredoo . Telenor and Ooredoo won the bidding for two new licences in June to provide telecoms services in the country but are still waiting for final approval, expected this month, so they can start building their networks. Meanwhile two state-backed firms - Yatanarpon Teleport (YTP) and Myanmar Post...


MYANMAR'S BEAN INDUSTRY PLAYING CATCH-UP AS COUNTRY'S ECONOMY REGAINS MOMENTUM

MYANMAR'S BEAN INDUSTRY PLAYING CATCH-UP AS COUNTRY'S ECONOMY REGAINS MOMENTUM
Source: International Business Times - (18/09/2013)

Topics: Economy      Agriculture

Beans are a profitable export commodity for Myanmar. The production of the cash crop supports one-sixth of the country's population. The nation currently exports 1.9 million tons per year to 52 countries, but just like its rice production, Myanmar has the capacity to produce and export more beans, if the junta hadn’t left the country decades behind in economic development, that is. Despite being lower profile than rice, beans and pulses are vital cash crops for as many as 10 million...



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Did You Know?
Football is the most popular sport. Another sport is Chinlone, where players pass a ball around without using their hands. The focus of this game is not competition, but rather how beautifully one plays it. Lethwei, a... ... More

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Heineken beer to be produced in Myanmar by 2014
Heineken beer to be produced in Myanmar by 2014

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Myanmar's Reforms Generate Huge Economic Potential - Invest Myanmar.biz video
Myanmar's Reforms Generate Huge Economic Potential

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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