Economy to improve as Myanmar opens up to foreign investment

Foreign investment reported to be on the rise

After a downturn in 2018, foreign direct investment (FDI) is picking up for Myanmar. An analysis by the Institute of Chartered Accountants in England and Wales (ICAEW) forecasts higher FDI. Also, they forecast the Myanmar economy to expand at 6.4 pe
Chief minister vows to block foreign fuel retailers, expand Yangon Petrol

Yangon chief minister vows to block foreign fuel firms

Yangon Region Chief Minister U Phyo Min Thein has said that foreign companies will be prevented from operating fuel stations in Yangon. The reason is because their practices are “not compatible with our business culture,” according to an article
MIC chair U Thaung Tun to lead new foreign economic relations ministry

New ministry formed to boost investment

Myanmar’s government has announced the formation of a new ministry, aimed at boosting the country’s economy. According to the announcement on November 16, the Ministry of Investment and Foreign Economic Relations will be headed by U Thaung Tun, c