Business

Foreign investments to be invited for the upgrade of jetties

 
Foreign investments will be sought to upgrade jetties along the coast into international-standard ports as additional capacity is needed to supplement the Yangon port, which now handles 90 per cent of sea-based goods transport.
 

Total citizen investments hit over 3.37tn kyat

 
As of the first week of February this fiscal year, the total investments made by Myanmar citizens had reached over 3.372 trillion kyat, including 95 citizen investments totalling over 3.07 trillion kyat, according to the Myanmar Investment Commission.
 

International community eyes investing in industrial zones in Yangon

The international community has shown interest in establishing industrial zones in Yangon Region, according to the Directorate of Investment and Company Administration (DICA).

"A lot of foreign investors want to set up industrial parks," said Than Aung Kyaw, deputy director general of DICA.

Tourism projects planned for Chin, Kayin and Taninthari

According to the National Export Strategy, plans are under way to implement a community-based tourism project in Chin and Kayin states and Taninthari Region, says Aung Soe, director-general of the Myanmar Trade Promotion Team under the Ministry of Commerce.
 

Loan disbursement plan to prioritise less developed regions

 
Sixty per cent of the total loan granted by Japan International Cooperation Agency will be disbursed under the Credit Guarantee Insurance System. Priority will be given to less developed regions and states for the loan disbursement plan, according to the Small and Medium Industrial Development Bank.
 

Foreign trade volume reaches over US$26 billion until end of January

Myanmar’s foreign trade volume has reached more than US$26 billion within ten months of the 2017-2018 FY, a source of the Ministry of Commerce said.

Foreign trade volume has reached US$26,551.361 million from April 1 to January 26 of the 2017-2018 FY, up US$3,973.539 million compared to the same period of last year.

Until February 26, Myanmar realized US$19,971.881 million of foreign trade volume from the maritime route and US$6,579.480 million of foreign trade volume from the border route.

Mandalay hosts Myanmar Entrepreneurs Carnival

2018 Myanmar Entrepreneurs Carnival, the first of its kind in the country, was held for two days on February 3 and 4 at Myanmar Institute of Information Technology in Mandalay Region.

JICA surveys infrastructure needs for Dawei SEZ

YANGON- A team led by the Japan International Cooperation Agency (JICA) is making a survey on the implementation of basic infrastructure, such as a deep sea port and electricity supply, in Dawei Special Economic Zone (SEZ), Taninthayi Region.
 
This is according to Dr Tun Naing, Deputy Minister of Electricity and Energy, who is also chairman of Dawei SEZ Management Committee.
 
JICA will be drawing up a report on project development in the SEZ to a June deadline.
 

Tourist arrivals jumped by 18 per cent last year

 
Last year, the tourism sector saw an 18-per-cent increase in tourist arrivals compared with the same period in 2016, said Myo Win Nyunt, director of the Department of Hotels and Tourism.
 
The country saw 3.44 million tourist arrivals last year, a bit below the predicted 3.5 million.
 

Actual FDI hits $3.7 billion this FY, says MIC

 
The actual inflow of foreign direct investments amounted to US$3.7 billion during this fiscal year even though Myanmar Investment Commission has granted US$5 billion. 
 
The MIC releases the FDI lists every month and has issued the actual inflow of FDI twice during 2017-2018 fiscal year.