Posts in category: INVESTMENT

Livestock and fisheries sector has attracted six foreign investment projects as of May-end in the current financial year 2020-2021 since October, according to the Directorate of Investment and Company Administration (DICA). Those businesses brought in about US$19.2 million, including the expansion of investments by the existing joint ventures.

They are executing broiler farm, pig farming and sales of pigs, production and farming of layers and shrimp, as per data of the DICA. Since 1988-1989 FY, about US$924 million of FDI have flowed into the livestock and fisheries sector. Next, 16 countries have put investment in the livestock and fisheries sector so far.

Among them, Thailand has topped the list of investments, with over $380 million, followed by Singapore with about $130 million. Myanmar’s livestock and fisheries sector is crucial to the livelihoods of many vulnerable households and contribute to improving nutritional outcomes in the country.

Source: The Global New Light of Myanmar

Following the UK moving up a rank with the largest investments made last month, Japan became the second-largest source of foreign direct investments into Myanmar in the past eight months (Oct-May) of the current financial year 2020-2021, according to data released by the Directorate of Investment and Company Administration (DICA). Last month, the UK-listed enterprise brought in large investments of $2.5 million and became the top source of FDI in Myanmar in the past eight months, DICA’s statistics indicated.

Japan stood as the second-largest investors this FY with an estimated capital of $518.76 million from three projects, followed by Singapore investing $428.336 million in Myanmar. Japan focuses more on responsible businesses. Therefore, it thoughtfully considers and learns before they make investments, DICA stated. Additionally, Thilawa Special Economic Zone is a symbol of development in Japan’s investments in Myanmar. Besides, Japan is a development partner of Myanmar.

Japan has been providing comprehensive support in developing the infrastructure including railway, road, and research in Myanmar through the Japan International Cooperation Agency. Since 2016-2017FY, the FDI of over $449.367 million has flowed into the Special Economic Zones (SEZs) from 15 Japanese businesses, under the Special Economic Zone Law. Japan’s investment in Myanmar stood at $768.456 million in the last FY2019-2020, $42.77 million in the 2018-2019FY, $134.5 million in the 2018 mini-budget period (April-September), $384 million in the 2017-2018FY, $60 million in the 2016-2017FY and $219.79 million in the2015-2016FY, respectively, the DICA’s data showed.

Source: The Global New Light of Myanmar

Myanmar has drawn foreign direct investment of more than US$3.7 billion in the past eight months of the 2020-2021 financial year, including expansion of capital by existing enterprises and investments in the Thilawa Special Economic Zone, according to the Directorate of Investment and Company Administration (DICA). The Ministry of Investment and Foreign Economic Relations has been inviting responsible businesses to benefit the country. Myanmar Investment Commission (MIC) ensures to approve the responsible businesses by assessing environmental and social impacts. The commission is working together with the relevant departments to screen the projects.

Last month, the UK-listed enterprise brought in large investments of $2.5 billion and became the top source of FDI in Myanmar in the past eight months, DICA’s statistics indicated. Japan stood as the second-largest investors this FY with an estimated capital of $518.76 million from three projects, followed by Singapore investing $428.336 million in Myanmar. Those enterprises listed from Brunei, China, Thailand, India, Malaysia, Republic of Korea, Viet Nam, Marshall Island, Samoa, Hong Kong (SAR) and China (Taipei) also made investments this year. Of 44 foreign enterprises permitted and endorsed by MIC and the respective investment committees between 1 October and 31 May of the current FY, 23 enterprises pumped FDI into the manufacturing sector.

The power sector received six large projects and the livestock and Fisheries sector attracted six projects. Other service sector drew five projects while the agriculture sector pulled two projects and one foreign enterprise each entered industrial estate and the hotels and tourism sectors. The FDIs stood at $6.9 million from 158 enterprises in the FY2016-2017, $6.119 billion from 234 businesses in the FY2017-2018, $1.94 billion from 89 projects in the 2018 mini-budget year, $4.5 billion from 298 businesses in the FY2018-2019 and $5.689 billion from 253 businesses in the FY2019-2020 respectively, the DICA’s data indicated. Those enterprises have created over 96,000 jobs in the FY2016-2017, 110,000 jobs in the FY2017-2018, over 53,000 jobs in the 2018 mini-budget period, over 180,000 jobs in the FY2018-2019 and 210,000 jobs in the FY2019-2020, respectively.

Source: The Global New Light of Myanmar

Majority of foreign enterprises primarily pumped into the electricity sector in the past eight months of the current financial year, according to the statistics provided by the Directorate of Investment and Company Administration (DICA). The quantum of investment in power is higher than in any other sectors this year. Last month, Myanmar Investment Commission (MIC) permitted one large project from the UK with capitals of US$2.5 billion for the construction of a liquefied natural gas (LNG) power plant. The electricity generated by this project will be sold domestically and is expected to support the goal of cent per cent nationwide electricity from the national grid by 2030.

During the October-May period, FDI of over $3.758 billion, including expansion of capital and investments in the Special Economic Zones, has flowed into the country. MIC and the investment committees of states and regions gave green lights to 44 enterprises to invest in the country. Of 44 foreign enterprises permitted and endorsed by MIC and the respective investment committees between 1 October and 31 May of the current FY, 23 enterprises pumped FDI into the manufacturing sector with estimated capital of $254 million. Power sector received the largest FDI of $3.12 billion from six projects and livestock and fisheries sector attracted six projects worth $19.2 million.

Other service sector drew five projects (worth $103 million) while agriculture sector pulled two projects (worth $9 million) and one foreign enterprise each entered industrial estate with capital of $81 million and the hotel and tourism sectors bringing in capital of $28 million. Additionally, the existing enterprises raised capitals of $133.5 million in transport and communications sector and $8 million in real estate sector in May. MIC ensures to approve the responsible businesses by assessing environmental and social impacts. The commission is working together with the relevant departments to screen the projects. The Ministry of Investment and Foreign Economic Relations has been inviting responsible businesses to benefit the country.

Source: The Global New Light of Myanmar

Livestock and Fisheries sector has attracted five foreign investment projects as of April-end in the current financial year 2020-2021 since October, according to the Directorate of Investment and Company Administration (DICA). Those businesses brought in over US$20 million, including the expansion of investments by the existing joint ventures.

They are executing poultry farm, pig farming and sales of pigs, production and farming of broiler and shrimp, as per data of the DICA. Since 1988-1989 FY, about $926.218 million of FDI have flowed into the livestock and fisheries sector. Next, 16 countries have put investment in the livestock and fisheries sector so far.

Among them, Thailand has topped the list of investments, with over $380 million, followed by Singapore with about $130 million. Myanmar’s livestock and fisheries sector are crucial to the livelihoods of many vulnerable households and contribute to improving nutritional outcomes in the country. 

Source: The Global New Light of Myanmar

Following Japan moving up a rank with the largest investments, Singapore became the second-largest source of foreign direct investments into Myanmar in the past seven months (Oct-Apr) of the current financial year 2020-2021,
according to data released by the Directorate of Investment and Company Administration (DICA). Japan is the top investor in Myanmar in the past seven months, bringing in estimated capital of $518.76 million with three projects. Meanwhile, the 13 Singapore-listed enterprises brought in US$388.327 million into Myanmar. Singapore companies mainly put investments into urban development, real estate, power and manufacturing sectors.

China stood as the third largest investors this FY with an estimated capital of $166.75 million in Myanmar, the DICA’s statistics indicated. Those enterprises listed from Thailand, India, Japan, Malaysia, Republic of Korea, UK, Viet Nam, Marshall Island, South Africa, Samoa, China, Hong Kong (SAR) and China (Taipei) also made investments this year. Of 42 foreign enterprises permitted and endorsed by MIC and the respective investment committees between 1 October 2020 and 30 April 2021 of the current FY, 21 enterprises pumped FDI into the manufacturing sector. The electricity sector received seven projects and the livestock and fisheries sector attracted five projects.

Other service sectors drew five projects while the agriculture sector pulled two projects and one foreign enterprise each entered industrial estate and the hotels and tourism sectors. MIC intends to reach FDI target of $5.8 billion for the current FY2020-2021. Singapore stood as the largest foreign investor in Myanmar, pulling in the FDI of $1.85 billion in the FY 2019-2020, $2.4 billion in the FY 2018-2019, $724.4 million in the mini-budget period (April-September, 2018), $2.16 billion in the 2017-2018 FY, $3.8 billion in the 2016-2017 FY, $4.25 billion in the 2015-2016 FY, $4.29 billion in the 2014-2015 FY, $2.3 billion in the 2013-2014 FY and $418 million in the 2012-2013 FY respectively. Additionally, Singapore emerged as the second largest foreign investor in the Thilawa Special Economic Zone, after top investor Japan.

Source: The Global New Light of Myanmar

A new eco-tourism destination will be developed within the Shwesettaw area in Minbu Township, according to the Magway Region Directorate of Hotels and Tourism Department. Under the management of the Magway Region Administration Council and with the suggestion of the Ministry of Hotels and Tourism, the project will be implemented on the 60-acre large area on the right side of Hlay Tin bridge situated on the Minbu-Shwesettaw road.

The tour site will include hotels, motels and resorts in order to provide accommodation for tourists all year round and exhibitions about renowned persons and famous places of Magway Region feeding information about tour sites, distances and local products. Only about the 2-mile stretch from the upper Settaw Yar, Mann Chaung elephant camp, where travellers can also visit golden deer and star tortoises. The eco-tourism site will be only about 4,000 feet away from the upper Settaw Yar.

It will include viewpoints, park, playground and gym, as well as trekking and cycling trails. In developing this eco-tourism site, Shwesettaw area will be developed, employment opportunities for locals increased and so will the tourism service and language skills. This aims to increase the income of villages from tourism, said the Magway Region in charge of Directorate of Hotels and Tourism. People will also be able to make a day trip to the famous Nat Lake area with its lush vegetation and cool mountain climate, which is only a 20-mile drive away from the tour site.

Source: The Global New Light of Myanmar

Myanmar has drawn foreign direct investment of more than US$1.256 billion in the past seven months of the 2020-2021 financial year, including expansion of capital by existing enterprises and acquisitions in the Thilawa Special Economic Zone, according to the Directorate of Investment and Company Administration (DICA). MIC intends to reach an FDI target of $5.8 billion for the current FY2020-2021. The Ministry of Investment and Foreign Economic Relations has been inviting responsible businesses to benefit the country. Myanmar Investment Commission (MIC) ensures to approve the responsible businesses by assessing environmental and social impacts. The commission is working together with the relevant departments to screen the projects.

Japan has been the top source of foreign direct investments into Myanmar over the past seven months of the current FY. It brought in an estimated capital of $518.76 million with three projects, DICA’s statistics indicated. Singapore stood as the second-largest investors this FY with an estimated capital of $388 million from 13 enterprises, followed by China investing $166.75 million in Myanmar. Those enterprises listed from Thailand, India, Japan, Malaysia, Republic of Korea, UK, Viet Nam, Marshall Island, South Africa, Samoa, China, Hong Kong (SAR) and China (Taipei) also made investments this year. MIC and the respective investment committees permitted and endorsed 42 foreign enterprises between 1 October and 30 April in the current FY. Of 42, 21 enterprises pumped FDI into the manufacturing sector.

The power sector received seven projects, and the livestock and fisheries sector attracted five projects. The other service sectors also drew five projects, while the agriculture sector pulled two projects. One foreign enterprise each entered the industrial estate and the hotels and tourism industries. The FDIs stood at $6.9 million from 158 enterprises in the FY2016-2017, $6.119 billion from 234 businesses in the FY2017-2018, $1.94 billion from 89 projects in the 2018 mini-budget year, $4.5 billion from 298 firms in the FY2018-2019 and $5.689 billion from 253 businesses in the FY2019-2020 respectively, the DICA’s data indicated. Those enterprises have created over 96,000 jobs in the FY2016-2017, 110,000 jobs in the FY2017-2018, over 53,000 jobs in the 2018 mini-budget period, over 180,000 jobs in the FY2018-2019 and 210,000 jobs in the FY2019-2020, respectively.

Source: The Global New Light of Myanmar

JICA and SME Development Bank will jointly provide loans for investment projects with an interest rate of 5.5% per annum for up to five years, SME Debelopment Bank has announced. The JICA Loan is a joint venture between the Japan International Cooperation Agency and the SME Debelopment Bank for a five-year loan. The types of businesses that will be able to get loans are those that are specified by JICA. A JICA loan can be applied for up to five years simply by having land and a building as collateral. At least 80% of the loan must be invested in fixed assets, 20% can be used as working capital and the interest rate is 5.5% per annum. This type of loan is suitable for investing in fixed assets, such as the expansion of restaurants, factory Expansion of a building or business building, preparation new construction, purchase of equipment, upgrading machinery.

Applicants for the JICA Loan must submit three license photos taken within six months, copy of registration Copy of household list Valid business license, proof of business and actual residence, three-year income tax return, three-year financial statements (income, expenditure loss / profit statement), mortgage (land and building), map / land History (105/106) written in six months with a note to borrow from SME Debelopment Bank. Oath of ownership of collateral, mortgage title deed, in front of the warranty photo. Next, Left three photos of the yard and business, DICA Registration Number Loan application plan, minutes of the meeting and list of insurance items / values are required.

Over the past three years, the JICA Two Step Loan has provided over 223 billion kyat in agriculture and rural development loans by state and region, with Ayeyarwady Region providing the largest loan of over 56 billion kyat, according to the Central Statistics Office, citing the Myanma Agriculture Development Bank. From July 21, 2017 to the end of October 2020, JICA Two Step Loan provided loans by over 56 billion kyats (56,602.33 million) in Ayeyarwady Region and over 54 billion kyats (54,287.45 million) in Bago Region. 4,154.24 million kyats in Kachin State; 5982.05 million kyats in Kayah State; 8163.06 million kyats in Magway Region; 23016.25 million kyats in Mandalay Region; 9183.63 million kyats in Mon State; 1585.2 million in Rakhine State; 17457.69 million kyats in Yangon Region; 179,258.64 million kyats in Shan State and 5,152.57 million kyats in Nay Pyi Taw.

Source: Daily Eleven

In the last five fiscal years, more than 11,290 billion kyat was allowed to be invested by Myanmar nationals, the largest in the real estate sector, according to figures released by the Directorate of Investment and Company Administration (DICA). From the 2016-2017 financial year to 2021; As of the end of April, 623 Myanmar citizens were allowed to invest in the field, with a total investment of 11,290.723 billion kyats. Myanmar citizens have access to invest heavily in 12 business sectors: real estate sector, services sector, manufacturing sector, transportation and communications, hotel and tourism, electricity sector, industrial zone sector, livestock and fisheries, construction sector, mining sector, agriculture sector and oil and gas sector.

During that period, 41 businesses were allowed to invest more than 3,070 billion kyats in the real estate sector. It is the largest with over 27% of total Myanmar investment. In the manufacturing sector, 228 businesses are the second largest investors with over 2,570 billion kyats. In the service sector, 147 businesses invested nearly 1,880 billion kyats, the third largest. 17 investments in transportation and telecommunications over 1,150 billion kyats; More than 1,130 billion kyats in 115 businesses in the hotel and tourism sector; 17 projects in the electricity sector over 440 billion kyats; Investment in three industries in the industrial zone sector is over 320 billion kyats. 

In the livestock and fisheries sector, 30 businesses have invested more than 350 billion kyats. About 230 billion kyats invested in the construction sector; Investment in the mining sector is over 75 billion kyats. More than 40 billion kyats invested in agriculture; The investment in the oil and gas sector is over 13 billion kyats. According to the annual investment volume of Myanmar citizens, in the 2016-2017 financial year, 1566350.282 million kyats; 36733485.671 million in the 2017-2018 financial year; In the 2018-2019 financial year, 1744585.199 million kyats. 546,039.124 million kyats between April 2019 and September 2019 (budget period); In the 2019-2020 fiscal year, it was 2619395.628 million kyats, according to the Directorate of Investment and Company Administration.

Source: Daily Eleven