Three Japanese companies have received authorisation to operate 100%-foreign-owned wholesale businesses, while Zurich-based DKSH, a trading house, is permitted to do retail and wholesale activities as a foreign company. A 2017 report by the US Department of Commerce estimated Myanmar’s retail industry at US$10 to 12 billion, or roughly 15% of the country’s GDP, with …
Japanese companies, DKSH enter Myanmar wholesale marketRead More »
Director-General of the Directorate of Investment and Company Administration (DICA) U Aung Naing Oo has been named as Director-General of the Office of the Union Investment and Foreign Economic Relations. He will also be de facto permanent secretary of MIFER, and plans to remain involved in investment policy-related activities in his new appointment. U Aung …
On Day Two of the Invest Myanmar Summit 2019, U Aung Naing Oo, Director-General of the Directorate of Investment and Company Administration provided an in-depth summary of the reforms that have been passed by the government, and their positive effects on the investment environment in Myanmar. More on his presentation can be found in the …
On 5 April, Myanmar’s government issued provisional authorisations for five multinational insurance companies, including U.K.-based Prudential and Japan’s Dai-ichi Life Holdings, to establish wholly owned subsidiaries in one of Southeast Asia’s least-insured countries. More about this at Nikkei Asian Review
The Asian Development Bank released a report on 3 April which promised a very optimistic outlook for Myanmar’s economy, due to higher Foreign Direct Investments and the government’s reforms to improve conditions for investors. ‘“Prospects for Myanmar’s economic growth for 2019 and 2020 looks positive as the country opens up the retail and wholesale sectors …
Foreign Investment, Policy Reforms to Boost Myanmar’s Growth in 2019 and 2020 — ADBRead More »
