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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

NISSAN AND MERCEDES RACE TO ENTER THE MYANMAR MARKET

NISSAN AND MERCEDES RACE TO ENTER THE MYANMAR MARKET
Source: Myanmar Times - (09/08/2013)

Topics: Investments      Automotive

Competition among global automakers to establish their brands in Myanmar is intensifying with Nissan and Mercedes joining the race to take advantage of the market’s long-term growth prospects. Although used cars currently comprise up to 99 percent of annual domestic sales, industry insiders say automakers are staking out territory with an eye to future market share. Nissan Motor Company of Japan is the latest entrant to begin sales in Myanmar, launching a showroom and service department...


NEW AND IMPROVED AIRPORTS NEEDED AS BURMA’S TOURISM GROWS, OFFICIALS SAY

NEW AND IMPROVED AIRPORTS NEEDED AS BURMA’S TOURISM GROWS, OFFICIALS SAY
Source: Irrawaddy - (09/08/2013)

Topics: Business      Tourism

RANGOON — With the winning bids for Burma’s three major new airport projects due to be announced by the end of this month, officials say the contracts are necessary, given that the government hopes to draw over 7 million tourists to the country by 2020. The existing international airports for Rangoon and Mandalay will be upgraded, while a new international airport—expected to rival other major Southeast Asian hubs such as Bangkok’s Suvarnabhumi and Singapore’s Changi in size—will be built at...


MYANMAR’S OUTBOUND TRAVEL GROWS

MYANMAR’S OUTBOUND TRAVEL GROWS
Source: TR Weekly - (09/08/2013)

Topics: Business      Tourism

Ministry of Hotels and Tourism officials say Myanmar tourists are making more trips to neighbouring countries and Asia, than ever before. According to local news report, the ministry’s director general, Aung Zaw Win, said the number of Myanmar nationals travelling overseas has now reached over 380,000 a year. “In 2011, around 900 travelled abroad daily. And in 2012, the daily number reached about 1,000. Now, it averages around 380,000 annually.” The number has increased dramatically...


MYANMAR: OPEN FOR BUSINESS

MYANMAR: OPEN FOR BUSINESS
Source: Al Jazeera - (09/08/2013)

Topics: FDI in Myanmar      Construction

As political reforms kick in in Myanmar, the country is now open for business and foreign investment is flooding in. But, after decades of political repression and economic isolation, could the country really become Asia's next economic tiger? Businesses may have to pay attention to ensure that reforms really do happen, but there are already real indications of the country's economic potential. At the top of the list is Myanmar's proven gas reserves - estimated at 22.5 trillion cubic feet...


MYANMAR: A BLUEPRINT FOR INTERNATIONAL DEVELOPMENT?

MYANMAR: A BLUEPRINT FOR INTERNATIONAL DEVELOPMENT?
Source: Bloomberg Businessweek - (09/08/2013)

Topics: Business      Food and Beverage

Much is being made of the reopening of Myanmar to the global economy. Barely a week goes by without another multinational announcing a commitment to invest in the country. At the World Economic Forum (WEF) meeting last month, Coca-Cola (KO) Chief Executive Officer Muhtar Kent compared the opening of the company’s first Myanmar bottling facility to the fall of the Berlin Wall. That’s a grand vision. But really, what does all this economic development mean for a country with a population of 60...


MYANMAR-CHINA GAS PIPELINE STARTS TO DELIVER GAS TO CHINA (XINHUA)

MYANMAR-CHINA GAS PIPELINE STARTS TO DELIVER GAS TO CHINA (XINHUA)
Source: People's Daily - (09/08/2013)

Topics: Investments      Energy

MANDALAY, Myanmar, July 28 (Xinhua) -- A Myanmar-China natural gas pipeline (Myanmar section), co-invested by six parties from four countries including China, Myanmar, South Korea and India, was inaugurated in northern Myanmar's Mandalay on Sunday and started to deliver gas to China. At about 4:12 p.m. (local time), Myanmar Vice President U Nyan Tun, Energy Ministers U Than Htay and U Zeya Aung, Chinese Ambassador to Myanmar Yang Houlan and a South Korean representative jointly started up...


MYANMAR, BELGIUM TO SHARE COSTS FOR HYDROPOWER STUDY ON AYEYARWADY RIVER

MYANMAR, BELGIUM TO SHARE COSTS FOR HYDROPOWER STUDY ON AYEYARWADY RIVER
Source: Eleven - (09/08/2013)

Topics: FDI in Myanmar      Energy

Myanmar and Belgium will share the costs for a six-month feasibility study on producing hydropower from the Ayeyarwady River after it has been maintained. "Belgium and Myanmar will share the costs of 800,000 euros equally for a six-month study on four areas of the Ayeyarwady River. EIA and SIA will be made after the study has been conducted," said an official from the Directorate of Water Resources and Improvement of River Systems under the Ministry of Transport. The review of the...


MYANMAR TO EASE OVERLAND TRAVEL

MYANMAR TO EASE OVERLAND TRAVEL
Source: TR Wekly - (09/08/2013)

Topics: Business      Tourism

Myanmar’s Ministry of Information says the country will allow visitors to cross the border at Tachilek, Myawady and Kawthaung from points in Thailand without having to return through the same checkpoint. No firm details are available on the introduction dates but officials said it would be active before the end of the year. According to local media report, it will encourage more foreign visitors to use land checkpoints by allowing them the freedom to enter and exit at different...


MYANMAR TO DEVELOP UPCOMING HANTHAWADDY AIRPORT AS AVIATION HUB

MYANMAR TO DEVELOP UPCOMING HANTHAWADDY AIRPORT AS AVIATION HUB
Source: Channel NewsAsia - (09/08/2013)

Topics: Business      Logistics

YANGON: Myanmar wants to build a fourth airport and develop it as an aviation hub for international travel -- the upcoming Hanthawaddy International Airport will be located in the Bago Region, north of Yangon. Town planners also want to build a vibrant city around this new airport to turn it into a commercial hub. Four players, including Singapore's Yongnam Holdings consortium and Korea's Incheon Airport group, have submitted their bids for the project. The other two are France's Vinci...


MYANMAR TO AWARD OFFSHORE BLOCKS IN 2014, ONSHORE ACREAGE IN DEC 2013

MYANMAR TO AWARD OFFSHORE BLOCKS IN 2014, ONSHORE ACREAGE IN DEC 2013
Source: Platts - (09/08/2013)

Topics: Investments      Energy

Myanmar could formally award acreage from its highly anticipated offshore licensing round in February or March next year, an official at the Ministry of Energy said Wednesday. "Right now we are doing the overview with the companies who have pre-qualified," Energy Planning Department Director Khin Khin Aye said. Myanmar in April offered 30 blocks in its offshore licensing round -- 11 shallow water and 19 deepwater -- with a June 14 deadline for submission of formal expressions of interest,...



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Did You Know?
Literacy Rate in Myanmar is 83 per cent and life expectancy is 57 years. ... More

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