5 new projects in oil and gas, real estate and services sectors get green light from MIC
The Myanmar Investment Commission (MIC) has approved five projects this week in the services, oil and gas and real estate sectors, with investments amounting to USD 65 million. The meeting also allowed additional investments in three existing projectFDI inflows for current fiscal year top USD 2 billion, Hong Kong firms take top spot
According to DICA (Directorate of Investment and Company Administration), the total FDI inflows for current fiscal year topped USD 2 billion at USD 2.089 billion exactly. The energy sector accounted for nearly half of the total while Hong-Kong based
Malaysian company announces USD 750 million development in Yangon
A major Malaysian developer has announced plans to build a roughly USD 750 million mixed-use project in Yangon. Malaysian conglomerate Berjaya Land Berhad, or BLand, operating in Myanmar as BDS Smart City Co. Ltd, signed a lease for 74 hectares in Da
Mandalay to upgrade street lights and signs
The streets of Mandalay will soon be alight with thousands of new lights, and marked with new signs, city officials said. U Zaw Win, of the Mandalay City Development Committee (MCDC), said the city will install around 10,000 new street lights, whichReal estate sector tops October FDI
As reported by the Global New Light of Myanmar, the real estate sector is still bullish about its growth perspectives – despite a falling rental price per square foot in the economic capital (see last week’s highlights). According to DICA
