Myanmar receives $1.7 billion in natural gas investment
Myanmar’s Ministry of Commerce disclosed that the income for the country’s natural gas export have reached US$1.7 billion for the past six months that is from 1st of April until the end of September and is expected to rise up by US$3.5 billion this fiscal year, Eleven Media report said. Official statistics showed that the [...]
Myanmar’s first-ever investment bank in Mandalay was opened and initiated by a foreign investor from Uzbekistan with UD$1million as capital. Alisher Ali was one of the many interested investors who established business venture in Myanmar last July. International countries including the Western Union started to ease sanctions in the once isolated ASEAN country and this [...]
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President U Thein Sein disclosed to Xi Jinping, the Vice President of China that his government did not make any changes regarding policies towards China even if the country is on the process of transition. Both political leaders met at the recent 9th China-ASEAN Expo which is currently ongoing in Nanning, capital of southern China’s [...]
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Japan Trade Ministry will come to meet and discuss with the government of Myanmar of their intentions of putting up an investment where various international countries seek to establish also their business trade in Myanmar recently. The agreement will certainly occur by the month of November when the summit of the Association of South-East Asian [...]
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For the first quarter of 2012, an awe-inspiring 270 million U.S. dollars of investment in Myanmar was reached. The participation of eight foreign countries which includes China within this period have mostly made investment in oil and gas depot with an amazing 247 million dollars, and 20 million dollars in mining sector as reported by [...]
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The peak of doing business in Myanmar seems to rise with unexpected number of investors eyeing various business endeavours in the country. Reported businessmen coming from the ASEAN group of nations as well as the Europeans are furnishing copies of their personal calling cards to a senior economic advisor to President Thein Sein which only [...]
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A two day conference is scheduled on Wednesday in Myanmar. This is purposely to entice foreign investors to invest in business which has something to do with its oil and gas resources as part of the new reforms implemented by the government. This idea may well influence the lifting of sanctions by international communities. This [...]
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The government of Myanmar most probably will permit the entry of various international banks interested in establishing business here in the year 2015 thereby a new passage of investments policy is needed in the months to come, Wall Street Journal repoted, citing a senior official at Myanmar’s biggest commercial bank. The central bank of Myanmar [...]
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With the creation of an investment law, it’s not necessary for foreign nationals to come up with a business counterpart and they will be given a five year tax holiday from the beginning of their business scheme Reuters reported said, citing from Myanmar report. It’s been long overdue this new investment policy together with the [...]
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Coming up with a decisive decision concerning on the issue of its exchange rate is what Myanmar is focusing now that it is asking for support and aid in its economic relationship with the Western countries. There is a need to stop the increasing rate of kyat which goes further on the rate of 800 [...]
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