The Rakhine State government will hold an investment fair at Ngapali Beach, in the south of the state, in February. It is aimed at promoting trade mainly in the areas of tourism, fisheries and agriculture. “Our aim is to generate investor interest in Rakhine State and draw more funds for development,” U Nyi Pu, Rakhine State Chief Minister, was quoted as saying. “We are trying to solve the conflict through economic development and new investments,” he said. The Rakhine State Investment Fair will take place from February 21 to 23. It is being organised by the state government, with support from Japan. Officials hope to attract investment in tourism at Ngapali Beach, in Thandwe Township, as well as at Mrauk-U, famed for its ancient temples, and the beach destinations of Gwa and Kyeintali. Meanwhile, in the area of fisheries, capital is required to build, upgrade and expand fish farms and processing factories. A boost in the agricultural sector requires investment in technology and converting existing farmland. The farmland can then be used as agri- and aquaculture zones. Other industries that offer potential in the state include garment manufacturing, power generation and distribution, education, healthcare and infrastructure, the article said. Nyi Pu wanted to point out to potential investors that only some parts of Rakhine State are impacted by violence.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …Luxury Japanese real-estate complex called out for funding military
Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, …
Myanmar in the Media
- Myanmar junta leader makes first visit to ChinaSource: Bangkok Post Recent StoriesNovember 5, 20241 hour ago
- Myanmar junta chief to make first China visit since seizing powerSource: Voice of America East AsiaNovember 4, 20241 day ago
- War makes it harder to hold journalists’ killers accountable, experts saySource: Voice of America East AsiaNovember 2, 20243 days ago
- Alleged leader of Rohingya smuggling gang arrestedSource: Bangkok Post Top StoriesNovember 2, 20243 days ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss