Myanmar received an average of $500 million a month in foreign direct investment during the first quarter of the new fiscal year, according to U Thant Sin Lwin, director general of the Directorate of Company Administration (DICA), “Counting the FDI into Thilawa SEZ, the total is over $1.5...
Japanese communications giant NTT Ltd., the parent company of Yangon-based NTT Myanmar, has invested $400 million to commence construction of MIST large-capacity submarine communications cable linking Singapore, Myanmar and the Indian cities of Mumbai  and Chennai. The project is part of NTT’s strategic joint venture with Orient Link Pte. Ltd....
Written by Min Thu Aung Before Myanmar gained independence in 1948, there were 110 insurance companies in the country and only two of them were locally owned. The number had dwindled to 74 (four being locally owned) before 1963, the year the country nationalized private companies resulting in an insurance...
Aishwarya Venugopal & Hilary Russ (Reuters) reuters McDonald's Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%. Rival fast-food chains in...
 အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Myanmar Investment Commission has approved over $ 5.15 billion of foreign direct investment as of September 4 since the beginning of the 2019-2020 fiscal year. Over $3.94 billion came from 234 investment proposals while the rest came from investment expansion from the existing foreign investments. As for local investment,...
Tin Mg Oo/Myanmar Business Today The government plans to send minister-counselors for economic affairs to five more countries to promote trade, said Deputy Minister of Commerce U Aung Htoo during remarks to the upper house of parliament on December 2. The new minister-counselors will be posted to Germany, Brazil, Australia, South...
Zin Thu Tun/Myanmar Business Today U Thant Sin Lwin, Deputy Director General of Directorate of Investment and Company Administration, stated that Myanmar is likely to meet the Foreign Direct Investment (FDI) expectation of $5.8 billion for Fiscal Year 2019. However, the country’s total FDI for FY 2019 is still over one billion dollars short...