Foreign investment continues to arrive in Myanmar with a major South Korean bank opening in Yangon as honey producers eye EU exports.
Myanmar and Japan discuss expansion of investments, vaccine arrives from India, power deal inked with Thai, restaurants and tourism sector to some get assistance.
Myanmar’s hotels have been closing and the authorities axed a deal to develop a giant economic zone. Meanwhile, an alarming fall in foreign trade has been reported.
This week a Japanese beer giant took a stand against Myanmar’s military, tea orders arrived from the United States and remittance firms were licensed to transfer cash.
This week saw a Korean desk open in Yangon to boost bilateral trade. Work is also due to start on the Thai-backed Amata Smart City.
Myanmar’s economy is trying to break out of the COVID-19 gloom by relaxing restrictions and starting large infrastructure projects.
Investment in Myanmar’s Thilawa Special Economic Zone has slumped this year as the World Bank predicts more trouble amid ongoing COVID-19 restrictions.
Myanmar’s watermelons and avocados are heading for new markets as COVID-19 hits farmers, rice exporters allege Chinese fraud and the World Bank makes dire forecasts.
China has responded to the NLD’s re-election by saying it wants to deepen economic cooperation while Myanmar looks to relax COVID-19 measures.
As Myanmar continues to attract foreign investment, a sweeping study by the Organization for Economic Cooperation and Development has called for reform of state-owned industries.
This week, Myanmar inked the world’s largest free-trade pact, approved loans for pandemic-hit businesses and prepared to scale back COVID-19 restrictions.
Despite the twin distractions of the general election and COVID-19, Myanmar continues to attract investment for major development projects.
Defying Myanmar’s newly extended ban on flights, a US delegation arrived this week promising to boost investment in Myanmar.
Myanmar continues to attract foreign investment from Europe and Hong Kong, despite the impact of COVID-19, which continues to hit exporters.
This week Myanmar’s authorities continued to dig deep into reserves to help firms struggling with COVID-19 while the ban on international flights was extended.