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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

BURMA TOURIST ARRIVALS ARE FASTEST-GROWING IN SE ASIA

BURMA TOURIST ARRIVALS ARE FASTEST-GROWING IN SE ASIA
Source: Irrawaddy - (30/07/2013)

Topics: Business      Tourism

Burma’s tourism sector saw the highest relative growth in Southeast Asia, with the number of foreign arrivals spiking 52 percent last year, according to a report by the UN World Tourism Organization. Despite the surging growth, Burma remains one of the region’s least-visited countries, attracting just over 1 million visitors in 2012. Southeast Asia’s tourism growth topped all Asian subregions, with arrivals rising 9 percent in 2012. Asia and the Pacific region as a whole received 234 million...


BURMA CALLING OUT FOR INDONESIA’S TELKOM

BURMA CALLING OUT FOR INDONESIA’S TELKOM
Source: Irrawaddy - (30/07/2013)

Topics: Business      Telecommunications

JAKARTA — Telekomunikasi Indonesia, Indonesia’s biggest telecommunication company, has won a tender to manage Burma’s international networks. “The trust given by the Myanmar government is the result of our team’s hard work on the ground in Myanmar. This will be an opportunity to show Telkom can be aligned with other big international operators,” Arief Yahya, president director of Indonesia’s state-controlled Telkom, said in a statement on Friday. Telkom has been tasked with modernizing...


MYANMAR OPENS FIRST MOBILE LIBRARY

MYANMAR OPENS FIRST MOBILE LIBRARY
Source: enca - (28/07/2013)

Topics: Politics      Education

YANGON, Myanmar - Opposition leader Aung San Suu Kyi launched Myanmar's first mobile library Saturday to highlight her policy of spreading education in the country. "Now, it's only a bus with a room, but if our people use it correctly it may be great benefit for our country," Suu Kyi said at a ceremony in Kawhmu, 30 kilometres south-west of Yangon. Myanmar has few libraries and its schools and universities have suffered from years of neglect and poor budgets. Suu Kyi has stressed the need...


MYANMAR OPENS DOORS TO BIG OIL, BUT INVESTMENT PITFALLS STILL LURK

MYANMAR OPENS DOORS TO BIG OIL, BUT INVESTMENT PITFALLS STILL LURK
Source: Yahoo News - (28/07/2013)

Topics: FDI in Myanmar      Energy

It was only a few years ago that oil giants Chevron and Total were accused of propping up Myanmar’s military junta by helping it export oil and gas, earning them the ire of human rights groups. Yet with decades of political isolation over – and most Western sanctions gone or waning – this country of 60 million is now safe for Big Oil. That’s why top officials from top energy companies have been quietly beating a path to the capital city of Naypyidaw over the past few months. They’re...


MYANMAR INCREASES STAKE IN CHINA-INVESTED MINE

MYANMAR INCREASES STAKE IN CHINA-INVESTED MINE
Source: South China Morning Post - (28/07/2013)

Topics: Investments      Mining and Exploration

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. The new terms give the government 51 per cent of the profits from the Letpadaung copper mine in Monywa, 760 kilometres north of Yangon, far more than its original 4 per cent...


INDO-MYANMAR BORDER MARKETS GET GREEN LIGHT

INDO-MYANMAR BORDER MARKETS GET GREEN LIGHT
Source: Mizzima - (28/07/2013)

Topics: Investments      Infrastructure

Myanmar’s Ministry of Commerce will move ahead with plans to open a series of markets at the Indo-Myanmar border area, said Tayza Aung Win, a director at the Sub-department of Internal Trade. The border markets will be opened in 10 villages in three townships of Chin State—Tiddim, Chikha, Tonzang— and three townships of Sagaing Region—Lay Shi, Lahe and Tamu. The news follows an announcement by the Ministry in April that a border market would be opened in Sagaing’s Pan Saung, which is...


HEINEKEN BEER TO BE PRODUCED IN MYANMAR BY 2014

HEINEKEN BEER TO BE PRODUCED IN MYANMAR BY 2014
Source: Eleven - (28/07/2013)

Topics: Business      Food and Beverage

Heineken beer-maker APB Alliance Brewery Company said its first beer factory in Myanmar will be able to start operation by the end of next year. Myanmar’s Directorate of Investment and Company Administration approved establishment of APB Alliance Brewery on July 25. It is a joint venture between Asia Pacific Breweries Ltd (APB) and its local partner Alliance Brewery Co Ltd (ABC). Netherlands-based Heineken announced its entry to Myanmar in May 13. Now, its APB holds 57 percent stake in...


MYANMAR VOWS TO STRENGTHEN TIES WITH CHINA

MYANMAR VOWS TO STRENGTHEN TIES WITH CHINA
Source: Business Standard - (25/07/2013)

Topics: Politics      Law

Myanmar President U Thein Sein has assured China that his country will continue to pursue a friendly policy towards Beijing and advance ties between the two countries. Talking to visiting Fan Changlong, vice chairman of China's central military commission, in the capital, the president said Myanmar would continue to pursue a friendly policy toward Beijing and make unremitting efforts to push forward the Myanmar-China comprehensive strategic cooperation partnership, Xinhua reported. U...


MYANMAR SOFT DRINK COMPANY SAYS COCA COLA IS NO THREAT

MYANMAR SOFT DRINK COMPANY SAYS COCA COLA IS NO THREAT
Source: Mizzima - (25/07/2013)

Topics: Business      Food and Beverage

Blue Mountain Soft Drink Company expects to expand in the coming years, despite the influx of foreign brands including Coca Cola, says Chairman Dr. Sai San Tun. Sai San Tun, who heads parent company Lwe Hein told Mizzima that the company expects to increase its market share, despite speculation from critics that the brand would suffer in the coming decade. A new Blue Mountain factory is expected to open this year in Mandalay as part of the expansion. Sai San Tun has called it a...


BURMA BUSINESS ROUNDUP

BURMA BUSINESS ROUNDUP
Source: Irrawaddy - (25/07/2013)

Topics: Business      Textile and Fashion

Japan is gearing up to make Burma the new sweatshop of Asia, said a report by The Economist citing the case of Famoso Clothing, which is closing its factories in China and moving operations to Rangoon. Famoso is part of Daiei Ready Made Clothes Corporation, based in the Japanese city of Nagoya, and makes men’s suits for the Japanese market and others. Until recently, most of its production was at three factories in China, where it employed thousands of workers. “Three years ago two of...



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Did You Know?
Myanmar, which has a total area of 678,500 square kilometres, is the largest country in mainland Southeast Asia, and the 40th-largest in the world. It is somewhat smaller than the U.S. state of Texas and slightly larger... ... More

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Telecoms Winners Announce Plans for Reduced Call Rates in Burma
Telecoms Winners Announce Plans for Reduced Call Rates in Burma

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Japan Investing Heavily in Myanmar - Invest Myanmar.biz video
Japan Investing Heavily in Myanmar

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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