Myanmar and China mark 70 years of relations

This week, Chinese president Xi Jinping and Myanmar president U Win Myint exchanged congratulatory messages on the 70th anniversary of diplomatic relations between their countries. Each celebrated a long history of political and economic cooperation,

Investment ministry predicts bad year

Although to this point Myanmar’s foreign direct investment has enjoyed a strong fiscal year, the Ministry of Investment and Foreign Economic Relations (MIFER) predicts the COVID-19 pandemic will put a huge dent in short term FDI. “My concern

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

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 began

Banyan Tree partners with local hotel brand despite tourism slump

International hospitality giant Banyan Tree Holdings is partnering with one of Myanmar’s largest hotel brands to manage 17 of its properties. Singapore-based Banyan Tree has announced a 50-50 joint venture agreement with Htoo Hospitality, a.k.a