Singaporean steel company to boost Myanmar production
A Singapore-owned steel producer announced plans to ramp up Myanmar production and manufacture the first coated steel products produced in the country. This December, the JFE Meranti Myanmar Co. Ltd. (JMM) will begin producing new products for both e
Low growth expected for foreign direct investment
Myanmar is unlikely to see a large increase in foreign investment this year, if any. The Myanmar Investment Commission (MIC) has predicted only USD 5.8 billion of foreign direct investment (FDI) for the 2019-2020 fiscal year, which began on October 1
F&N re-enters Myanmar beer market
Singapore-listed beverage firm Fraser and Neave (F&N) has launched its Myanmar subsidiary Emerald Brewery. The investment value of the deal is USD 70 million. The operations will produce Chang Lager Beer. The brewing facility will be located in
South Korea to provide Infrastructure projects loan
Myanmar and South Korea have agreed upon a financing framework that will dole out loans totaling USD 1 billion. The loan will finance a wide range of infrastructure projects. The agreement was signed by Union Minister for Investment and Foreign Econo
