Sign up | Log in



Home  >>   Daily News  >>Myanmar>>Economy>>Myanmar FDI grows to record US$9b
NEWS UPDATES Asean Affairs  6  April  2016  

Myanmar FDI grows to record US$9b

FOREIGN direct investment (FDI) in Myanmar in the fiscal year ending in March grew to nearly US$9 billion, a government official said on Monday, after a rush of last-minute approvals before the handover of power to Aung San Suu Kyi’s administration.

The figure, a record high, rose by about US$1 billion compared with the previous fiscal year, fuelled by investment in the energy, manufacturing and telecoms sectors, San Myint, an official at the Directorate of Investment and Company Administration, told Reuters.

The investment reflects growing, if still cautious, interest in one of Asia’s last remaining untapped markets, which has offered tax breaks and export tariff perks to create urgently jobs for its 51.5 million people.

San Myint said FDI rose sharply after a body approving projects signed off on several large deals before Suu Kyi’s government took power in April, following an election win last year by her National League for Democracy.

“(Projects) pending a long time in the process due to lack of necessary information were expedited before the end of the fiscal year,” said San Myint.

Myanmar received US$4.1 billion in FDI in 2013/2014 and that number doubled by the end of last fiscal year as foreign firms won oil and gas concessions and international hotel chains started moving in.

Singapore tops the list of foreign investors, the official said, followed by China, Hong Kong and the Netherlands. He said a detailed breakdown was not available as it was still being calculated.

The Asian Development Bank forecast last week Myanmar’s economic growth would recover to 8.4 per cent in the fiscal year ending March 2017, partly thanks to a pick up in foreign investment.

“Foreign direct investment is expected to get a lift from the successful political transition following national elections in November 2015, with investment flowing into newly established special economic zones and rapidly expanding transport, telecommunications, and energy sectors,” the bank said.

Growth in Myanmar’s investment follows reforms launched in 2012 by former president Thein Sein, a former general who enlisted help from technocrats and global financial institutions to overhaul an economy that wilted under sanctions and inept policymaking during five decades of military rule.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           April 6, 2016 Subsribe Now !
• Myanmar FDI grows to record US$9b Subcribe: Asean Affairs Global Magazine

• Bringing Japan FDI into focus
• Rising cost of material slashes into GTI profits
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

ASEAN finance ministers commit to cautious fiscal policies
Business group explores opportunities under AEC
Asean Analysis                   April 1, 2016
• Asean Analysis April 1, 2016
Foreign Minister Aung San Suu Kyi Has China, Myanmar’s Military Watching
Advertise Your Brand

Asean Stock Watch  April 5, 2016
• Asean Stock Watch-April 5, 2016
The Biweekly Update
• The Biweekly Update April 1, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand