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Myanmar: Mandalay likely to hit US$600 million FDI target for 2017-18

The Mandalay region is set to achieve its US$600 million foreign direct investment (FDI) target for 2017-18. FDI in April-June has already exceeded US$582 million, which is around 90 per cent of the target, data released by the Mandalay Region Investment Committee showed. Under the new Myanmar Investment Law enacted in Oct 2016, Region and State investment committees have been given […]

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Why the Myanmar economy is slowing, and how it could bounce back

Economic growth in Myanmar has slowed and the country’s fiscal and current account deficits have swelled over the past 2 years under the National League for Democracy government. But things are stabilising and the long term prospects look good, Sean Turnell, Senior Economic Advisor to the government, said at the MyanmarBanking & Payments Conference in Yangon on July 24. While growth […]

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Myanmar raises the bar

The country is opening up its economy to foreign investors. To do so, it is introducing the Myanmar Companies Bill, extending credit and lifting bans to raise confidence in its economy. The latest draft of the Myanmar Companies Bill was submitted to the Amyotha Hluttaw by Deputy Minister for Planning and Finance U Maung Maung Win on July 20. […]

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Myanmar: Over 1,000 SMEs to receive loans

The government has recommended over 1,000 domestic small and medium-sized enterprises (SMEs) to receive loans from banks, according to the Central Department of Small and Medium Enterprises Development (CDSMED). More than 1,000 SME among an estimated 9,000 in Myanmar have been recommended by the CDSMED to receive loans, an official from the department told The Myanmar […]

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