Business leaders pledged to invest in key industries to calm unstable markets and political unrest, including real estate an tourism, though nothing has been inked yet.
Foreign direct investment in the country has increased sharply this year, but concerns over infrastructure, unclear procedures and the Rakhine issue remain.
Upgrades to the Yangon-Pyay railroad—Myanmar’s oldest—will reduce total travel time from 8 to 4.5 hours, the transport ministry says.
Foreign investment in Myanmar is expected to miss its target for the fiscal year, according to the Myanmar Investment Commission.
The $110-million project—a first for economic cooperation between Korea and Myanmar—is set to begin construction in Yangon this year and be completed by 2024.
On the 2nd day of his visit, Korean President Moon Jae-in tells Yangon forum Seoul aims to be a key partner, oversees 5 MOU signings, including on New Dala City Project.
During Korean President Moon Jae-in’s visit to Myanmar, both countries signed five MOUs and one framework agreement on trade and economic cooperation.
As ROK President Moon Jae-in prepares to visit Myanmar, Seoul’s engagement with the country has never been deeper.
Beijing should urge both sides to back down, while being more inclusive of ethnic groups in its investment strategy for the region.
Moon Jae-in to meet with Myanmar President, State Counselor to discuss ways to enhance trade ties and boost South Korean investment.
“Politics don’t create jobs, only economies create jobs,” the Malaysian ambassador said, despite his government’s past criticism of Myanmar’s treatment of the Rohingya.
Ethnic alliance’s attacks in areas crucial to the China-Myanmar Economic Corridor raise doubts about the two countries’ ‘peace will follow development’ strategy.
$110-million complex in Hlegu to focus on exports, create up to 100,000 jobs; the KMIC project is a joint venture between two state agencies.
Ten major projects currently planned with powerful neighboring countries promise to address Myanmar’s infrastructure needs, but have the social, environmental and other costs been
Of 113 projects worth more than $200 million launched in the region in the first nine months of fiscal 2018-19, 65 are from China.