DICA and EuroCham sign investment promotion MoU
The Directorate of Investment and Company Administration (DICA) and EuroCham in Myanmar have signed an MoU to promote European investment in Myanmar. The partnership will include an annual Myanmar-EU Economic Forum as well as further events to encour
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
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
Thilawa SEZ investment hits USD 1.9 billion
Yangon Region’s Thilawa Special Economic Zone has continued to boom with USD 1.9 billion in total investment. The investment has come from 111 domestic and foreign companies, according to data from the Myanmar Thilawa SEZ Holdings Public Co Ltd
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
