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Foreign investment manufacturing

Myanmar investment inflows double from China as deals surge

With investment inflow from China and Singapore doubling, foreign investment in Myanmar is showing signs of recovery. In value terms, Chinese and Hong Kong investment in Myanmar grew 150% to $590 million. Approved foreign investments rose 79% on the year for the six months ended in June, totalling $2.35 billion, according to Myanmar’s Directorate of …

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Myanmar Economic Monitor June 2019: Building Reform Momentum

“Acceleration of the reform agenda as envisioned in the Myanmar Sustainable Development Plan, along with targeted public investments and private sector participation, will lead to a consolidation of macroeconomic stability and help Myanmar maintain its positive momentum and meet its long-term growth targets.” Ellen A. GoldsteinDirector for Myanmar, Cambodia and Lao PDR, World Bank Myanmar. …

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Myanmar Yangon Automobile Industry

Toyota to build factory in Myanmar

Seeing the potential in Myanmar’s automobile market, Toyota Motor Corp has plans to establish a factory in the Thilawa Special Economic Zone. The Japanese corporation joins a growing number of automakers with factories in the country. Analysts believe Myanmar’s demand for cars can match neighbouring Thailand’s, where about 1 million automobiles are sold annually. Sales …

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Wholesale Retail Myanmar Foreign Companies

Japanese companies, DKSH enter Myanmar wholesale market

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 …

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U Aung Naing Oo DICA

On the Investment Climate and Business Environment in Myanmar – U Aung Naing Oo, Director-General, DICA

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 …

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Myanmar Investment Economic Growth Asian Development Bank ADB

Foreign Investment, Policy Reforms to Boost Myanmar’s Growth in 2019 and 2020 — ADB

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 …

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Myanmar investment

Myanmar Looks West

In a recent London forum organised by the Myanmar chapter of the British Chamber of Commerce, Myanmar’s government courted European investors and businesspeople, stressing that the investment climate is now much more welcoming and positive for international investors. The forum, held outside of Asia, was a first for the government and demonstrated its determination to …

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Opening Remarks by H.E. U Thaung Tun, Union Minister for Investment and Foreign Economic Relations

At the inaugural Chin State Investment and Product Fair, H.E U Thaung Tun, Union Minister, MIFER and Chairman of the Myanmar Investment Commission spoke about the promise and potential of Chin State’s untapped opportunities. Chin State Investment and Product Fair 16 March 2019 Myanmar Convention Center, Yangon Excellencies, Distinguished Guests, Ladies, and Gentlemen, It is a …

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