Foreign investment reported to be on the rise
After a downturn in 2018, foreign direct investment (FDI) is picking up for Myanmar. An analysis by the Institute of Chartered Accountants in England and Wales (ICAEW) forecasts higher FDI. Also, they forecast the Myanmar economy to expand at 6.4 pe
Japanese replace Chinese in Yangon railway project
Myanma Railways has dropped its planned Chinese partner Sino Great Wall for Yangon’s new central railway station project. The Japanese firm Sumitomo has been selected as the new partner. The ambitious development in downtown Yangon will ta
Myanmar Rice Federation expands China export deal
The Myanmar Rice Federation (MRF), the umbrella association for Myanmar’s rice industry, will export 250,000 tonnes of rice to China. A new MOU was signed with the China National Cereals, Oils and Foodstuffs Corporation, The Myanmar Times re
Myanmar Visa requirements eased for Asian visitors
The Ministry of Hotels and Tourism (MHT) will extend visa preferences for people from Japan, South Korea, China and India. The initiative is aimed to boost Myanmar’s tourism numbers. Since late 2018, visitors from Japan and South Korea have enj
Ethnic militias meet with Chinese envoy amid conflict
Members of the Federal Political Negotiation Consultative Committee (FPNCC) met with a Chinese envoy on Tuesday, amid disruptions in cross-border trade. FPNCC represents a group of seven ethnic armed groups, involved in the ongoing military conflict
