Will coronavirus infect FDI?
Despite a global economic downturn due to the ongoing coronavirus epidemic, Myanmar’s foreign direct investment (FDI) has been on the rise. Recently, the Myanmar Investment Commission approved 25 new foreign investments totaling USD 90 million,
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
Industry asks for lower duties for Myanmar-assembled cars
Auto industry representatives have asked Yangon’s chief minister to lower import duties on unassembled cars. The request comes as domestic and foreign car makers look to boost production in Myanmar. During a meeting with Yangon Region Chief Min
Garment industry scores foreign investment despite worker unrest
A new batch of foreign companies will invest a collective USD 24 million to make garments and bags in Yangon. According to the Yangon Region Investment Committee (YRIC), ten companies from Myanmar as well as China, Hong Kong, Taiwan and Estonia will
Power investment has topped USD 1 billion since October
Foreign investment in the power sector has reached USD 1 billion over the first four months of the fiscal year, official data shows. The investments came from foreign companies working with the government and local partners to develop power plants, t
