Business

Mandalay Region tops list of citizen investments

 

Mandalay Region topped the list of citizen investments with Ks 2,074 billion in 2017-2018 fiscal year, said Thaung Tun, chair of Myanmar Investment Commission (MIC)

At the session of Union parliament in Nay Pyi Taw on August 30, MIC chair Thaung Tun said submitted the MIC’s report from April 1 to March 31, 2017.

FDI in Thilawa SEZ project declines by $ 18.5 m

 

From April to August of the mini budget period, the foreign investments in Thilawa Special Economic Zone Project has dropped by US$ 18.5 million compared with the same period last year, according to a press conference by Myanmar Investment Commission on August 29.

Profit of Thilawa SEZ Holdings Public Limited decreases by over K10 bn in 2017-2018 FY

Myanmar Thilawa SEZ Holdings Public Limited (MTSH) made a net profit of K12.9 billion (after subtracting taxes) last 2017-2018 fiscal year, decreasing by over K10 billion compared to 2016-2017 FY

Local investments reach to K893 B within five-month of this fsy

Local investments reached over K893 billion from April to August within the current fy, a decreased by K502 billion in comparison with the last fiscal y

Foreign insurance companies to get green-light soon

 

Myanmar will allow foreign insurance companies to offer insurance services as of the upcoming fiscal year, said Zaw Naing, Secretary of Insurance Businesses Supervisory Board.

“This is a roadmap for the development of local insurance sector. The Union government has already given the nod for it. We will allow foreign insurance companies to sell life insurance and miscellaneous insurance services in the country. It will start in 2018-2019 FY,” he added.

FDI inflow expected to decline by around $ one billion

 

During six month of the mini budget period, the total foreign direct investments are expected to decline by around US$ one billion from its goal of fetching US$ three billion, according to a press conference by Myanmar Investment Commission.

Over 100,000 acres of idle land in Taninthayi without oil palm cultivations to be confiscated

Among the land areas in Taninthyi Region allotted for growing oil palm, over 100,000 acres will be confiscated as they are not being used for intended cultivation purposes, according to a press conference organised by Myanmar Investment Commission (MIC) on August 29.

Rice export in five months declines by over 100,000 tons compared to same period of last year

Myanmar has exported over 900,000 tons of rice and broken rice over the past five months, starting from April in the mini budge year, declining by over 100,000 tons compared to the same period of

Transactions in Gyaing pontoon bridge face delay as massive jam forms

 

Myanmar allows four more foreign investments

Myanmar allowed four more foreign investments worth more than US$190 million and two of them are in the industrial sector, according to a press conferen