Cancelled forums threaten FDI
The COVID-19 pandemic has led to the cancellation of four regional investment forums that would have introduced prospective investors to opportunities throughout the country. Forums scheduled for Yangon, Bago, Sagaing and Mandalay have been called of
Foreign investment hits USD 2 billion
Foreign direct investment (FDI) has topped USD 2 billion in the first five months of the current fiscal year. That number came from 132 new foreign investors who received approval from the Directorate of Investment and Company Administration (DICA) b
Will coronavirus infect FDI?
Despite a global economic downturn due to the ongoing coronavirus epidemic, Myanmar’s foreign direct investment (FDI) has been on the rise. Recently, the Myanmar Investment Commission approved 25 new foreign investments totaling USD 90 million,
Foreign insurers have pumped USD 127 million into Myanmar
A new rule allowing foreign insurers to operate in Myanmar has resulted in over USD 127 million in foreign direct investment (FDI), according to a report by the Myanmar Investment Commission (MIC). The Ministry of Planning, Finance and Industry beganFDI inflows for current fiscal year top USD 2 billion, Hong Kong firms take top spot
According to DICA (Directorate of Investment and Company Administration), the total FDI inflows for current fiscal year topped USD 2 billion at USD 2.089 billion exactly. The energy sector accounted for nearly half of the total while Hong-Kong based
