Invest in Myanmar - For Investors Seeking Opportunities in Myanmar
Invest Myanmar - The Myanmar Investment Gateway
General Information about Myanmar (1)
Business (131)
FDI in Myanmar (45)
Investments (59)
Macroeconomic Data (4)
Infrastructure (4)
Financial (17)
Economy (37)
Construction (1)
Politics (29)
Real Estate (1)
Investment Legislation (3)
Sports (1)
Telecommunications (27)
Law (14)
Infrastructure (20)
Education (2)
Banking (19)
Jewellery (1)
Stock Market (2)
Agriculture (35)
Real Estate (22)
Mining and Exploration (10)
Construction (29)
Energy (47)
Textile and Fashion (10)
Tourism (23)
Information Technology (11)
Food and Beverage (13)
Electronics (3)
Waste Management (1)
Automotive (9)
Logistics (4)
Renewable Energy (0)

Investment forum helps economic development in Myanmar: President

Date: 18/09/2013
Source: Mizzima
Investment forum helps economic development in Myanmar: President

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 Global Investment Forum, which commenced on Tuesday, is jointly sponsored by the Myanmar Investment Commission and the Euromoney Conference.

Experts at home and abroad, entrepreneurs and technicians are among 850 attendees from 35 countries discussing investment matters in respective sectors.

Myanmar had received over 43 billion U.S. dollars' foreign investment as of the end of August since 1988, in which the Chinese mainland had put in 14.189 billion dollars, followed by Hong Kong Special Administrative Region with 6.446 billion dollars, South Korea with 3.037 billion dollars, Singapore with 2.436 billion dollars, Malaysia with 1.625 billion dollars and Japan with 274 million dollars.

The investment, which came from 32 countries and regions, were mostly injected into power sector, followed by oil and gas, mining, manufacturing, hotels and tourist and real estate.

Myanmar promulgated a new foreign investment law in November 2012 in a bid to attract more foreign investment to the country in line with its reform strategy.

The new law allows full investments by foreigners and joint venture operations between foreigners and local citizens or related government departments or organizations on mutually-agreed ratio of investments.

However, skyrocketing real estate prices are deterring new foreign investment entering Myanmar, the authorities said.

Topic: FDI in Myanmar
Did You Know?
Myanmar lies on the crossroads of two of the world's great civilizations – China and India . Its culture is a blend of both interspersed with Myanmar native traits and characteristics. Buddhism has great influence on... ... More

Featured news story
Ministry extends electricity tender for 15 industrial zones in Yangon
Ministry extends electricity tender for 15 industrial zones in Yangon

Featured Video
Foreign investment in Myanmar reaches 42.9 billion US dollars in 2013's first half - Invest video
Foreign investment in Myanmar reaches 42.9 billion US dollars in 2013's first half

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
Today on Invest Myanmar
Member Companies: 82
News Stories: 341
Myanmar Videos: 59
Interesting Facts: 29
Factsheets: 9
 © Copyrighted 2012 Invest All rights reserved.  

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Crafted by Sofia Web Works®, makers of Pahraat Kasinot and Casinobonus på alla svenska online casinon an Invest Bulgaria company