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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

REGULATION, INFRASTRUCTURE HINDER MYANMAR'S TELECOM AMBITIONS

REGULATION, INFRASTRUCTURE HINDER MYANMAR'S TELECOM AMBITIONS
Source: ZDNET - (20/11/2012)

Topics: Infrastructure      Information Technology

Myanmar may be one of the few relatively untapped telecommunications market left in the world and its once-reclusive government is now opening up the sector for foreign investments. However, telcos and service providers need to tread with care given the hazy regulatory framework and lack of infrastructure for foreign players to scale their operations. Irene Ng, head of Asia at GSM Association (GSMA), noted that there are not many greenfield telecom markets available today, and Myanmar was an...


MYANMAR TO ALLOW DAILY NEWSPAPERS NEXT YEAR—MINISTER

MYANMAR TO ALLOW DAILY NEWSPAPERS NEXT YEAR—MINISTER
Source: Inquirer - (20/11/2012)

Topics: Business      

YANGON—Myanmar’s new information minister on Sunday predicted newspapers would be able to publish daily from early 2013, heralding fresh reform for a sector recently freed from decades of draconian censorship. Aung Kyi told the Myanmar Times that state-owned newspapers – currently the only news publications able to be printed daily – would also be revamped with private sector involvement in the coming months. “It is my sincere belief that daily [private sector] newspapers are essential...


MYANMAR STATE MEDIA DETAILS NEW FOREIGN INVESTMENT LAW

MYANMAR STATE MEDIA DETAILS NEW FOREIGN INVESTMENT LAW
Source: Reuters - (20/11/2012)

Topics: FDI in Myanmar      

The law, approved by President Thein Sein on Friday, had gone back and forth between the legislative and executive branches since March in a tussle involving a government eager to attract foreign investment, tycoons determined to protect their monopolies, and small businesses keen not to be shut out. Thein Sein took office in March 2011 at the head of a quasi-civilian government that brought almost 50 years of military rule to an end. He has undertaken economic and political reforms that...


MYANMAR SIGNS INDUSTRIAL ZONE PACT WITH JAPAN CONSORTIUM

MYANMAR SIGNS INDUSTRIAL ZONE PACT WITH JAPAN CONSORTIUM
Source: Reuters - (20/11/2012)

Topics: FDI in Myanmar      

By Aung Hla Tun YANGON, Aug 28 (Reuters) - Myanmar's government has agreed a deal with a Japanese consortium to develop jointly a special economic zone on the edge of the commercial capital, Yangon, as part of moves to expand industry and bring in much-needed investment. Mitsubishi Corp, Marubeni Corp and Sumitomo Corp will team up for a 49 percent share in the 2,400-hectare (5,900-acre) estate in Thilawa, close to a deep-sea port, with the government set to invite private domestic firms...


MYANMAR PLANS NEW AIRPORT AS ARRIVALS SOAR

MYANMAR PLANS NEW AIRPORT AS ARRIVALS SOAR
Source: Inquirer - (20/11/2012)

Topics: Infrastructure      

YANGON—Myanmar’s main airport is expected to exceed passenger capacity this year, officials said Monday, as an influx of visitors to the once-isolated nation prompts plans for a new international flight hub. Arrivals at Yangon International Airport are expected to surge to around 3 million in 2012, a 22 percent increase on last year that puts it above its 2.7 million threshold, according to the Department of Civil Aviation (DCA). “We need a new airport because the increasing traffic at the...


MYANMAR GETS RECORD INVESTMENT AFTER YEARS OF ISOLATION: ENERGY

MYANMAR GETS RECORD INVESTMENT AFTER YEARS OF ISOLATION: ENERGY
Source: Bloomberg - (20/11/2012)

Topics: FDI in Myanmar      Mining and Exploration

Myanmar, shunned since the 1990s for tolerating corruption and human trafficking, is set for record foreign investment in 2012 led by oil companies after the southeast Asian nation took its first steps toward democracy. The country plans its biggest auction of exploration blocks for oil and gas by year-end. Oil & Natural Gas Corp. (ONGC) of India probably will bid, an ONGC executive said in an interview. This month France’s Total SA (FP), one of the few foreign companies that operated under...


MYANMAR GETS ITS FIRST INVESTMENT BANK

MYANMAR GETS ITS FIRST INVESTMENT BANK
Source: Business Week - (20/11/2012)

Topics: Financial      

YANGON, Myanmar (AP) — Alisher Ali knew on the morning of his second day in Myanmar that the long-closed country was a risk worth taking. Less than two months later he moved his wife and four children to crumbling, tree-lined Yangon and opened Myanmar's first-ever investment bank with $1 million of his own money. This places him in sparse company. While many chatter about the economic potential of one of the world's last frontier markets, very few foreigners have actually set up shop. The...


MYANMAR COULD BE MID-INCOME NATION BY 2030 - ADB

MYANMAR COULD BE MID-INCOME NATION BY 2030 - ADB
Source: Inquirer - (20/11/2012)

Topics: Economy      

BANGKOK—Strong economic growth could lift Myanmar to the rank of middle income nation by 2030 if the formerly army-ruled country overcomes a host of reform challenges, the Asian Development Bank said Monday. Myanmar’s gross domestic product (GDP) has the potential to expand at an annual pace of 7.0-8.0 percent, while per capita income could triple over the next 18 years, the Manila-based multilateral lender said. It called for greater investment in infrastructure, education, health and...


JIM ROGERS: ‘MYANMAR BEST INVESTMENT OPPORTUNITY IN THE WORLD’

JIM ROGERS: ‘MYANMAR BEST INVESTMENT OPPORTUNITY IN THE WORLD’
Source: Emerging Money - (20/11/2012)

Topics: FDI in Myanmar      

In an exclusive interview with OilPrice.com, Jim Rogers declared Myanmar to be the best investment opportunity in the world, with North Korea not far behind. His exact words were: “Probably the best investment opportunity in the world right now is Myanmar. In 1962, Myanmar was the richest country in Asia. They closed off in 1962, and now it’s the poorest country in Asia. I see enormous opportunities there because they’re now opening up. It’s like when China opened up in 1978. There were...


JAPAN TO RESUME FINANCIAL AID FOR MYANMAR

JAPAN TO RESUME FINANCIAL AID FOR MYANMAR
Source: The Wall Street Journal - (20/11/2012)

Topics: Financial      

By TAKASHI NAKAMICHI TOKYO—Japan announced a plan Thursday to restart yen loans to rapidly reforming Myanmar, as Tokyo steps up efforts to help bring the once-pariah Southeast Asian nation into the fold of the global economy and benefit from its high economic growth potential. "Japan is planning to resume its full program in Myanmar with yen loans to help support Myanmar's sustainable economic development...at the earliest possible timing next year," Japanese Finance Minister Koriki...



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Did You Know?
Myanmar is very rich in natural resources like petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas and hydropower. ... More

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Myanmar: FDI, Local Economy And The Rohingya Conflict – Analysis
Myanmar: FDI, Local Economy And The Rohingya Conflict – Analysis

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In Race to Develop Myanmar, Government Grabs Farmland - Invest Myanmar.biz video
In Race to Develop Myanmar, Government Grabs Farmland

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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