Tag: FDI

Fiscal year in review: GDP tanked, FDI held

A tumultuous 2019-2020 fiscal year has finally come to a close. The COVID-19 pandemic wreaked havoc on Myanmar’s economic growth, with most estimations dropping below 2% from last year’s 6.8% growth. (The Asian Development Bank, for examp

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Myanmar Investment Promotion Plan (MIPP) under review

The Myanmar Investment Commission (MIC) along with the Japan International Cooperation Agency (JICA) will jointly review the MIPP, affected by the coronavirus crisis, to boost the agricultural, health, industrial and digitization sectors for the post

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Japan to give USD 420 million in COVID relief

A state visit by Japanese foreign minister Toshimitsu Motegi ended in an offer of JPY 45 billion—roughly USD 420 million—in additional COVID-19 recovery assistance. The foreign minister and State Counsellor Daw Aung San Suu Kyi also discussed way

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Shan State aims to triple FDI

Shan State has unveiled an ambitious investment plan that seeks to boost its annual foreign investment more than three fold over the next ten years. The Shan State Investment Committee’s (SSIC) new Shan State Investment Promotion Plan (SSIPP) a

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Sweeping investment policy review completed

The government has completed its second ever Investment Policy Review (IPR), a comprehensive audit policies and potential reforms for both local and foreign investment. The Ministry of Investment and Foreign Economic Relations (MIFER) worked with the

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Myanmar attracts over USD 2 billion foreign investment in first half of fiscal year

Investment capital of over USD 2.73 billion from permitted foreign enterprises have entered Myanmar in first half of fiscal year 2019-2020 which started in October, according to figures issued by the Directorate of Investment and Company Administrati

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