Singaporean investment
Individual Documents
Description:
" Myanmar has approved eight more projects in five sectors in a latest scrutiny of submitted foreign investment projects, according to the Myanmar Investment Commission on Sunday.
The investment projects worth a total of 232.21 million U.S. dollars were granted at Saturday's meeting of the commission in Yangon.
These projects are in the sectors of manufacturing, real estate, service, livestock and fishery which will create over 1,700 job opportunities.
According to the commission's statistics, by the end of October, Myanmar received the investment mainly from Singapore, China and Thailand in three top sectors with oil and gas accounting for 27.29 percent, power sector 25.77 percent and manufacturing sector 14.04 percent. In October, the commission had given green light to eight investment projects from home and abroad which were worth a total of 384.48 million U.S. dollars.
Those projects, scattered in real estate, education service, agriculture and manufacturing sectors, were designed to create 33,279 local employment opportunities..."
Source/publisher:
"Xinhua" (China)
Date of publication:
2019-11-17
Date of entry/update:
2019-11-17
Grouping:
Individual Documents
Category:
Burma/Myanmar's relationship with the Global Economy, Chinese investment, Singaporean investment, Burma's economic relations with Thailand, Burma/Myanmar's Foreign relations, general
Language:
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Description:
"Myanmar Investment Commission (MIC) Friday approved six more investment projects from home and abroad, said a release from the Directorate of Investment and Company Administration (DICA).
Investment capital of over 143.9 million U.S. dollars and 2 billion kyats (1.8 million U.S. dollars) from the permitted projects entered the country's livestock, manufacturing, hotel and tourism, other services and mining sectors.
The projects will create 1,083 employment opportunities for local people, the DICA's release said.
Meanwhile, 1,806 foreign enterprises with over 81.59 billion U.S. dollars were permitted by the MIC from the fiscal year 1988-1989 to present fiscal year 2018-2019.
During the period, oil and gas, power and manufacturing sectors are in the top-three list with most foreign investments and Singapore, China and Thailand are the leading investors.
Regionally, the Yangon region attracted 60 percent of investments from both home and abroad, followed by Mandalay with 30 percent and the rest flowed into other regions and states..."
Source/publisher:
"Xinhua" (China)
Date of publication:
2019-09-27
Date of entry/update:
2019-09-30
Grouping:
Individual Documents
Category:
Chinese investment, Singaporean investment, Political, social and economic dimensions of investment in Burma, Burma/Myanmar's Foreign relations, general
Language:
more
Description:
"Myanmar and Singapore have signed an agreement on promotion and protection of investment between the two countries, according to the Ministry of Investment and Foreign Economic Relations Wednesday.
The agreement was endorsed at the 7th ministerial meeting of the Joint Committee of Myanmar and Singapore held in Yangon on Tuesday.
The agreement is said to create a more favorable, friendly and predictable investment enabling environment for investors from both countries and further enhance the two countries' bilateral trade and investment relationship.
Prior to the signing, Myanmar's Minister of Investment and Foreign Economic Relations U Thaung Tun and Singapore's Minister of Trade and Industry Chan Chun Sing had discussions on a wide range of topics covering bilateral cooperation in investment area, development of small and medium-sized enterprises, aviation, agriculture, food, finance and legal services..."
Source/publisher:
"Xinhua" (China)
Date of publication:
2019-09-25
Date of entry/update:
2019-09-30
Grouping:
Individual Documents
Category:
Singaporean investment, Burma's economic relations with Singapore, Singapore-Burma relations
Language:
more
Description:
"Myanmar Investment Commission (MIC) recently approved eight more local and foreign investment projects, said a release from the Directorate of Investment and Company Administration (DICA) on Sunday.
The approved projects cover livestock and fisheries, manufacturing, hotel, real estate, oil and gas, transport and telecommunication sectors, creating 3,159 employment opportunities for local people.
According to the DICA figures, a total of 1,806 foreign enterprises were permitted with estimated investment capital of 81.6 billion U.S. dollars from FY 1988-1989 to Aug. 31 of present FY 2018-2019.
During the period, Singapore, China and Thailand were listed as the three leading investors and sectorally, Myanmar’s oil and gas sector attracted most foreign investments, followed by power and manufacturing sectors, respectively..."
Source/publisher:
"Xinhua"
Date of publication:
2019-09-15
Date of entry/update:
2019-09-16
Grouping:
Individual Documents
Category:
Chinese investment, Singaporean investment
Language:
more
Description:
"Myanmar Investment Commission (MIC) recently approved eight more local and foreign investment projects, said a release from the Directorate of Investment and Company Administration (DICA) on Sunday.
The approved projects cover livestock and fisheries, manufacturing, hotel, real estate, oil and gas, transport and telecommunication sectors, creating 3,159 employment opportunities for local people.
According to the DICA figures, a total of 1,806 foreign enterprises were permitted with estimated investment capital of 81.6 billion U.S. dollars from FY 1988-1989 to Aug. 31 of present FY 2018-2019.
During the period, Singapore, China and Thailand were listed as the three leading investors and sectorally, Myanmar’s oil and gas sector attracted most foreign investments, followed by power and manufacturing sectors, respectively..."
Source/publisher:
"Xinhua"
Date of publication:
2019-09-15
Date of entry/update:
2019-09-16
Grouping:
Individual Documents
Category:
Chinese investment, Singaporean investment
Language:
more
Description:
"There?s confidence in the air over Burma as a new airline prepares to take off...
When a relatively unknown investment group came forward on April 1 with plans for another airline for Burma, some dismissed the announcement as an April Fool?s prank. With all the cards already stacked against Burma?s economy and turbulent aviation industry—in the form of tourism boycotts and tightened economic sanctions—who would be brave, or foolish, enough to bank on a brand new airline?
The answer is Edward Tan, Chief Executive of Hong Kong-based Sunshine Strategic Investments, and a conglomerate of Sino-Burmese investors. The group is keen to give the Burmese people what Tan describes as "a better airline with better management."..."
Anthony Faraday, Naw Seng
Source/publisher:
"The Irrawaddy", Vol. 11. No. 7
Date of publication:
2003-09-00
Date of entry/update:
2003-11-06
Grouping:
Individual Documents
Category:
Singaporean investment, Air Transport
Language:
English
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Description:
"...Singapore�s economic relationship with Burma went through a honeymoon period that lasted through the mid-1990s, and ended about the time Burma joined the Association of Southeast Asian Nations (Asean) in July 1997�roughly coinciding with the start of a financial crisis that afflicted most of the region.
Since then, Singapore�s enthusiasm for one of the region�s last investment frontiers has cooled dramatically. And to date, there has been little to indicate that Singaporean corporations are preparing for an equally dramatic reentry into Burma�s troubled economy..."
Neil Lawrence
Source/publisher:
"The Irrawaddy" Vol 10. No. 6, July-August 2002
Date of publication:
2002-08-00
Date of entry/update:
2003-06-03
Grouping:
Individual Documents
Category:
Singaporean investment, Singapore-Burma relations
Language:
English
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