Ministry of Investment and Foreign Economic Relations to target Asian FDIs in 2019-20 FY
MIFER’s Permanent Secretary, U Aung Naing Oo, said that his ministry will not expect significant investments from US and EU for the ongoing FY, due to the geopolitical challenges. Instead, the ministry expects FDIs originating from fellow ASEANHong Kong firm to invest USD 500 million in power generation and supply
Hong Kong-listed CNTIC Vpower Company will invest over USD 500 million in 2 different electricity generation, supply and sale projects in both Yangon Region and Rakhine State. U Thant Sin Lwin, Director-General of the Directorate of Investment and CoReal estate sector tops October FDI
As reported by the Global New Light of Myanmar, the real estate sector is still bullish about its growth perspectives – despite a falling rental price per square foot in the economic capital (see last week’s highlights). According to DICA
FDI increases for first time in two years
Figures revealed by the Myanmar Investment Commission (MIC) show a rise in foreign direct investment (FDI) for the first time in two years. Singapore was revealed as the biggest backer, according to an article in the Myanmar Times. The figures show t
CITIC and MAPCO form agri-business centres and rice mills
China’s CITIC Construction, a subsidiary of the state-owned CITIC Group, has partnered with the Myanmar Agribusiness Public Corporation (MAPCO). The project is worth US$ 500 million, involving high-end rice mills and agri-business service centers a
