Malaysian investors attracted to Myanmar despite rift over Rakhine

Investors from Malaysia say they are attracted to Myanmar’s agriculture and other industries despite the rift between the two governments since the northern Rakhine crisis.   “Malaysian businesses are keen to invest in sectors such as technology, construction, manufacturing, and service in Myanmar. They showed extra interest in agriculture-based businesses,” said Gilbert Lee, president of..
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Chinese firm in talks to develop industrial zone

A Chinese firm is the latest foreign investor to express an interest to develop an industrial zone in Hlaing Thayar township in the commercial capital of Yangon, where land nearer to downtown townships have become scarcer in recent years.   Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) chair U Zaw Min..
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Italians invest US$3.2million in Kawthoung hotel

Kawthoung. Photo - Ministry of Information   An Italian company has been granted permission to develop a hotel project worth US$3.2million in Tanintharyi Region’s Kawthoung district, according to the Directorate of Investment and Company Administration (DICA).   The move will be carried out under a joint venture – Myanmar Green Century – with a local company,..
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