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 ]
Yangon event to showcase unique market opportunity as Myanmar looks to achieve 80% telecoms penetration within three years.
The Allworld Exhibitions Alliance, whose Asian event experience includes CommunicAsia show in Singapore, is to stage the first ever major telecoms event in Myanmar providing a showcase for one the world’s largest undeveloped markets to play host to the international telecoms industry.
Myanmar, formerly known as Burma, has a population of more than 60 million people...
Myanmar will start to set up a stock exchange market by 2015 with the help of Japan, local Eleven Media quoted Deputy Finance Minister Maung Maung Thein as saying on Tuesday.
Security Exchange will be established this year in line with Security Exchange Law which was passed by the parliament and promulgated in July this year.
The move of setting up the stock exchange will be done through the Ministry of Finance.
The price of real estate is expected to fall once the stock exchange...
KAN ZAW, Myanmar's minister of national planning and economic development, said last week that the government's medium- and long-term reforms would ensure the creation of an investment-friendly climate and keep up with Asean and international norms and standards.
Virasak Sutanthavibul, senior executive vice president of Bangkok Bank, said the Myanmar government should consider liberalising the financial industry so that foreign banks can form joint ventures with local banks, as 95 per cent...
Myanmar Ministry of Agriculture and Irrigation and International Rice Research Institute (IRRI) will cooperate for the development of Myanmar rice, official media reported Wednesday.
U Myint Hlaing, minister of Agriculture and Irrigation and IRRI 's director-general Dr Robert S Zeigler signed a Memorandum of Understanding (MoU) on Myanmar Rice Sector Development Strategy and Program, in Nay Pyi Taw on Tuesday, said the New Light of Myanmar.
At the workshop on development of Myanmar...
Myanmar is mapping out its way to vastly boost its rice production through a carefully planned strategy that engages donor agencies and builds rice science capacity.
Economic development across Southeast Asia, including in Vietnam, has been lifted by rice sector development, thanks to higher production and exports. In Myanmar, the government wants to produce sufficient rice for its burgeoning population that is expected to reach 100 million by 2030.
”Myanmar’s rice sector has a huge...
Myanmar received 731 million U.S. dollars' contracted foreign investment in a single month of August, bringing the total to over 43 billion dollars as of the end of the month since 1988, local media reported Sunday.
The investment, which came from six countries and regions, was mostly injected in the manufacturing, making it the largest foreign-invested sector in 2013.
As of the end of August, official figures showed that China had put in 14.189 billion dollars, followed by the Hong Kong...
The second Myanmar Real Estate Summit (MRES), to be held in Yangon from September 30 to October 1, will hone in on pivotal issues, critical for investing in that country's real-estate development and property sector.
The sector is booming as investors respond positively to the country's economic and political reforms. Burgeoning demand and new opportunities are attracting investments from around the world.
The extent of this can be judged by the fact that Yangon enjoys the highest...
Myanmar’s tax measures instituted to check soaring real estate prices have been ineffective, property agents and economists say, due to the inefficiencies of the government. In addition, the market has seen significant money laundering, due to flaws in regulations, flaws that need to be fixed soon for the property market to properly cool down.
With prices in real estate markets around the country, especially in Yangon, Myanmar’s commercial center, skyrocketing in recent years, the Myanmar...
RANGOON — Two years ago, Freddy Lynn was spending most of his time at a public access center in downtown Myitkyina in Kachin State. There he was introduced to a world that he did not learn in his university or hear about in his community that had been slowed down by more than six decades of armed conflict.
It was a discovery often interrupted by frequent power outages and news of violent clashes between ethnic groups and the military across Burma. Yet Freddy Lynn knew he should keep at it,...
Myanmar President U Thein Sein said the ongoing Myanmar Global Investment Forum would contribute to the economic development of the country, official media reported Wednesday.
He added that the forum is a golden opportunity for Myanmar at a time when sweeping reform is taking place.
U Thein Sein made the remarks at a meeting with vice president of the Asian Development Bank (ADB) Xiaoyu Zhao who is attending the forum in Nay Pyi Taw, which is the second of its kind.
The two-day Myanmar...
Myanmar Time is 6:30 hours ahead of Greenwich Mean Time. For example on a Monday at midnight in Yangon , it will be:
New York (Eastern Standard) 1230 hours on Monday
London (GMT) 1730 hours on Monday
Bangkok 0030... ... More