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Address of State Counsellor delivered at ASEAN Business and Investment Summit 2019 in Bangkok

The State Counsellor was present at the ASEAN Business and Investment Summit 2019 in Bangkok to deliver a keynote speech on digitisation and the enabling power it can give micro, small and medium enterprises in developing economies such as Myanmar’s. The ASEAN Business and Investment Summit 2019 3 November 2019 Bangkok, Thailand Mr. Arin Jira, …

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Serge Pun Yoma FMI

Yoma Strategic and First Myanmar Investment forge landmark partnership with Philippines’ leading conglomerate Ayala Corporation

Ayala will be investing up to US$237.5 million for a 20% stake in each of Yoma Strategic and FMI. This landmark partnership is one of the largest FDI in Myanmar and the largest ever investment into the country by the Philippines private sector. Ayala’s participation in the boards of Yoma Strategic and FMI would add …

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U Thaung Tun Myanmar business investment

Clearer picture

“But now we’re putting the finishing touches on a comprehensive and innovative approach that will promote a more favourable, friendly and predictable investment enabling environment, offering investors a fair and level playing field.” – H.E. U Thaung Tun, Union Minister for the Ministry of Investment and Foreign Economic Relations, National Security Adviser and Chairman of …

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Aung San Suu Kyi delivers a speech in Yangon

Keynote speech delivered by State Counsellor H.E. Daw Aung San Suu Kyi at the Myanmar-Japan-U.S. Forum on Fostering Responsible Investment

On Aug 20, State Counsellor H.E. Daw Aung San Suu Kyi delivered the keynote speech for the Myanmar-Japan-U.S. Forum for Responsible Investment. In her speech, Daw Aung San Suu Kyi spoke about how Myanmar was one of ASEAN’s fastest growing economies, and how the expertise, investments and contributions Japanese and U.S. investors could benefit Myanmar’s …

Keynote speech delivered by State Counsellor H.E. Daw Aung San Suu Kyi at the Myanmar-Japan-U.S. Forum on Fostering Responsible InvestmentRead More »

Myanmar investment internet CDC

CDC makes its first direct equity investment in Myanmar, backing Frontiir

UK development finance institution CDC announced its first direct equity investment of $30 million in Myanmar with Frontiir Co. Ltd, the country’s leading internet service provider. The investment is aimed at supporting Frontiir’s plans to expand internet coverage to 22 lower-income townships in Yangon and Mandalay by 2022, and create job openings for an estimated …

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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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