foreign investment in myanmar
#8 Many foreign companies are investing in Myanmar successfully. Foreign Investment Soars After New Government Arrives and Sanctions Ease in Myanmar in 2011 . Investment Areas. Foreign investments in Myanmar under threat Chief Marketing Officer from the Amata Group Viboon Kromadit told the media on February 2 that the $274 million Yangon Amata Smart and Eco City Project has been suspended indefinitely due to Myanmar’s current forced “transfer of power”. Type Title File Size ; pdf. Ministry of Investment and Foreign Economic Relations (MIFER) ... Foreign investment by sector . The new Myanmar Companies Act takes effect from 1 August 2018. However, in recent years, other countries have stepped up their level of investment in the country. Myanmar intends to revive and promote manufacturing via the Foreign Investment Law. It gives you an indication of what investment proposals have been successfully submitted to the MIC by foreign investors. Download attachment This is the list of companies we will be contacting for the Myanmar Foreign Investment Tracking Project (further information here). For example, Japanese companies have taken advantage of the investment opportunities in Myanmar for several years. Photo: Hong Phuc FOSSASIA, CC BY 2.0, via Wikimedia Commons Singapore singled out for investments in Myanmar. On the one hand, the law contains measures of excessive protectionism that may discourage investment of foreign capital. Singaporean Minister for Foreign Affairs Vivian Balakrishnan. The table below shows the foreign investments that have been approved by the Myanmar Investment Commission in the recent months. Among ASEAN states, Singapore is now one of the more vocal critics of Myanmar’s coup and was quick to call for an end to violent attacks against protestors. In June 2011, three months after the new quasi-civilian government that came to power, Myanmar received a record $20 billion in foreign investment pledges, a 70-fold increase from $300 million in 2009. It is a partial list of companies reported to be investing or planning to invest in Myanmar, and will be constantly updated. This update to the most important investment-related legislation helps establish the coherent legal framework for both domestic and foreign investors. Data & Statistics Month . On the other hand, certain industries are open to foreigners based on joint strategic partnership with a local party. Considered by many to be one of the last economic frontiers, Myanmar has been the object of investor interest for the past three years. China has been the largest investor in Myanmar. DISCUSSION of foreign investment in Myanmar naturally tends to focus on the bigger-ticket, higher-profile arena of Myanmar Investment Commission permits and major projects. The new Myanmar Investment Law (MIL) took effect in 2017 to combine the old Citizens Investment Law and the Myanmar Investment Law. Year . Company list - Myanmar Foreign Investment Tracking Project. Myanmar’s stock market, which was just in the process of being opened to foreign investors, is also expected to go in hibernation given the current situation, which is exacerbated by the Covid-19 pandemic and the Rohingya crisis. The Republic of the Union of Myanmar.