Rakhine State Gov’t offers assistance to attract investors
Rakhine State Chief Minister U Nyi Pu has offered the regional government’s assistance to potential investors to promote investments, according to an article in state-owned the Global New Light of Myanmar. The regional government is inviting invest
IMF and the World Bank revise growth forecasts for Myanmar
The International Monetary Fund (IMF) and the World Bank have both cut their GDP growth estimates for Myanmar in 2018-19. This highlights further indications of a lack of confidence in the country’s economy. In a statement, the IMF revised its grow
Foreign insurance firms could begin operating by mid-2019
A government official has said that foreign insurance providers will receive licences to begin operations in Myanmar by April 2019, according to a report in the Myanmar Times. The article quoted U Thant Sin, director of the Financial Regulatory Depar
American international school to be established in Yangon
Myanmar Strategic Holdings (MSH), a company that is listed on the London Stock Exchange, is planning to invest US$ 1 million in establishing the Yangon American International School, according to reports. An article in Dealstreet Asia, said that the
Korean firm invests in Myanmar jewelry venture
Investors from South Korea and Myanmar have teamed up to form a new joint venture focusing on crafting silver and gold jewelry, according to reports. An article in Myanmar Business Today said that Apple Design Jewelry Company will be formed as part o
