Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Myanmar>>Telecomst>>Telecom sector attracts most foreign investment in Myanmar in 2016
NEWS UPDATES Asean Affairs     December 22,  2016  






Telecom sector attracts most foreign investment in Myanmar in 2016


Telecom sector topped the foreign investment line-up of Myanmar with 47.07 percent of the total investment flowing into the country in the fiscal year 2016-2017, according to the statistics of Myanmar Investment Commission (MIC) Tuesday.

The telecom sector was followed by industrial sector with 25.5 percent and the rest went to power, hotel and construction sectors.

The country received a total foreign investment of 3.46 billion U. S. dollars as of Dec. 17. Singapore stands as the largest foreign investor of Myanmar.

However, the total foreign investment in this fiscal year was down by over 1 billion US dollar as compared with that of the same period of last fiscal year, failing to attain the targeted investment amount, said U Aung Naing Oo, Secretary of MIC and Director General of Directorate of Investment and Company Administration (DICA).

It was attributed to the watch-and-see attitude on new laws and regulations by foreign investors and policies of the new government. But in next year, more foreign investments are expected to enter the country, he added.

Myanmar's new Investment Law, endorsed on Oct. 18 with the approval of both Houses, was drafted in 2013 based on suggestions from experts and businessmen with the help of International Finance Corporation (IFC). It combines the Foreign Investment Law drafted in 2012 and the Citizens' Investment Law drafted in 2013.

MIC announced in November the detailed investment policy in support of the government's 12-point economic policy introduced in July this year, highlighting the government's promises to attract foreign investment and promote sectoral investment. --MIZZIMA

The new investment law will take effect on April 1 next year, according to the DICA.



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
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

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
 
or
submit your comment in the box below



 
Today's  Stories                           December 22, 2016 Subsribe Now !
• Telecom sector attracts most foreign investment in Myanmar in 2016 Subcribe: Asean Affairs Global Magazine
• Indonesia will struggle to maintain domestic consumption next year
• Tourism sees outbound growth 
Research Reports
on Thailand 2007-2008

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

• Despite rising trend, Indonesian corporate bond market ‘a dwarf’
• New cranes to raise Sihanoukville port’s capacity
Asean Analysis                  December 16,, 2016
• Asean Analysis  December 16, 2016
Southeast Asia Challenges for the Incoming Administration
Advertise Your Brand

Asean Stock Watch   December 21, 2016
• Asean Stock Watch-December 21, 2016
The Biweekly Update
• The Biweekly Update  December 16, 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

ASEAN  ANALYSIS

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

 


Name

Name


Email

Email



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 © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com