BEIJING’S recent crackdown on outbound investments does not affect Myanmar because of its involvement in the Belt and Road Initiative (BRI). The sectors targeted by the restriction do not concern investment projects here, which are mostly infrastructure and energy-related. The Chinese government is blacklisting businesses which violate foreign investment rules as part of a broader […]
Read MorePlans are underway for Yangon, Myanmar’s largest city, to be developed into a regional economic and trading hub, Yangon Region Chief Minister U Phyo Min Thein told representatives from the Oxford Business Group (OBG) on October 9. There are opportunities for Yangon to become a gateway hub for its landlocked neighbours by enabling them to […]
Read MoreCredera Group, a Singapore private equity (PE) firm, is raising a $100 million PE fund to invest in greenfield ventures in the finance, manufacturing and consumer product sectors in Myanmar, according to DealStreetAsia The PE firm is currently in advanced talks with stakeholders in those areas and “a lot of the deals are getting closer […]
Read MoreCredera Group, a Singapore private equity (PE) firm, is raising a $100 million PE fund to invest in greenfield ventures in the finance, manufacturing and consumer product sectors in Myanmar, according to DealStreetAsia The PE firm is currently in advanced talks with stakeholders in those areas and “a lot of the deals are getting closer […]
Read MoreEven though demand is rising, condominium rentals for foreigners have decreased by 10 percent this year, Dr Htoo Myat Naing from Estate Myanmar told The Myanmar Times on October 9. “Previously, rentals were increasing or stable. The decreasing [rentals] this year is happening for the first time. I don’t foresee it climbing back up. This […]
Read MoreEnergy firms with permission to conduct offshore oil and gas exploration activities in Myanmar will have their contracts cancelled next year if they do not progress from the initial study period to actual exploration, said U Aung Kyaw Htoo, Assistant Secretary from the Ministry of Electricity and Energy. The contracts will be rescinded if these […]
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