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 ]
Businesses should invest in Myanmar right now instead of waiting for a couple of years when they may miss lucrative opportunities, said Tran Bac Ha, Chairman of Association of Vietnamese Business Investors in Myanmar on July 15 in Hanoi.
Workers produce footwear items for export to Myanmar at Biti’s Company
Speaking at a seminar on investment opportunities in Myanmar, Ha believes that businesses will prosper right now in the newly opened market in Myanmar.
Ha advised Vietnamese...
Keen international interest in fledgling market
* Some have abandoned bids on big investments, uncertainty
* Telecoms a test case for reform as Myanmar opens up
By Aung HlaTun and Jared Ferrie
YANGON, June 27 (Reuters) - Norway's Telenor and Qatar's Ooredoo won licences on Thursday to provide telecommunications services in Myanmar, bringing foreign companies across one of the world's last telecoms frontiers.
Companies have been lobbying hard to get into the market, despite the...
Myanmar has seen rapid economic growth following its recent democratic and economic reforms, which included the repealing of Myanmar’s export taxes, decreasing import taxes and providing greater access for foreign direct investment. FDI into Myanmar increased from US$300 million in 2009-10 to US$20 billion in 2010-11, with its GDP rising from a rate of 5 percent in 2009 to over 6 percent in 2012.
Following these reforms, Myanmar soon began to further facilitate the establishment of...
Natural gas is soon to play a vital role in Myanmar's energy sector, eventually overtaking petrol according to energy sector officials.
Thaung Win, the Chairman of Energy and Renewable Energy Committee, was speaking at the Myanmar-Korea Natural Gas Vehicle Forum on June 24.
Myanmar is expected to increase off-shore and on-shore crude oil production by 0.2 percent between 2011 and 2016. In the natural gas sector the country expects to increase by 70.2 percent, playing a vital role in the...
Chalo Myanmar seems to be the new mantra of Indian industry, which is keen to tap the market there. From infrastructure to energy to aviation, Indian companies are trying to mark their presence in that country. Although a late entrant, India now seems to be determined to make up for the lost time, while countries such as the US, Japan and China have already started making deep inroads there.
At present, Indian investment in Myanmar stands at around $273.50 million, which is expected to soar...
The governments of Myanmar and Hong Kong have agreed to negotiate a bilateral investment promotion and protection agreement and another on double taxation will follow, the financial secretary of the special administrative region of China said.
John Tsang said the deal “will provide certainty and clarity” to businesses in both jurisdictions and that negotiations “should be fairly straight -forward”.
He made the comments following a luncheon in Yangon for a delegation of officials...
Land in downtown Yangon, Myanmar’s financial center, has continued to skyrocket in price and can cost up to $800 per square foot, now that the government has permitted three-year leases to owners.
Sustaining a trend of urgent demand for office space as foreign investors pour into the country, buyers are now speculating on land in the former capital's central business district in order to build high-grade condominium buildings, said Khin Maung Aye, an executive with the Myanmar Real...
The two operators that won telecom licences in Myanmar have unveiled their pricing plans and deployment goals for the near-term future.
Norwegian operator Telenor has pledged that after 5 years, its HSPA+ network will provide voice coverage to 83% of the country and data coverage to 78%. In the same period, the operator plans to provide 70,000 points of sale for buying SIM cards and 95,000 for buying airtime.
In terms of pricing, Telenor revealed that - excluding taxes - it would not...
Following major investments flowing into Myanmar, international law firms are now scrambling to get into the country for a piece of the action in the rapidly developing economy, as foreign investors and businesses building their presence in Myanmar will certainly require legal counsel.
Myanmar represents a new market for lawyers, not just investors. Before 2011, when the current government took over from the former military junta, the country was closed off culturally and economically, and...
Local entrepreneurs have invested over US$ 7 billion in Myanmar’s hotels and tourism sector, according to the Directorate of Investment and Companies Administration.
The total investment volume of local entrepreneurs in hotel and tourism sector was over US$ 175 billion as of June 10 this year and the current volume has reached over US$ 183 billion on July 1. So far, over US$7 billion has been invested in Myanmar within 20 days.
Myanmar Investment Commission (MIC) has granted permission...
The Burmese or Myanmar script developed from the Mon script, which was adapted from a southern Indian script during the 8th century. The earliest known inscriptions in the Burmese script date from the 11th... ... More
