An official with the Directorate of Investment and Company Administration (DICA) reportedly said this week that Burma had reached its foreign direct investment (FDI) target of $6 billion for the 2016-17 fiscal year.
Tennasserim villagers launched the ‘Green Desert’ report on Thursday, calling for a Malaysian-backed palm oil project to be immediately suspended.
Foreign investment in Burma has dropped to US$380 million during the first four months of the current fiscal year, down from $2.6 billion during the same period last year.
Burma has been an attractive investment destination for foreign investors in recent years and is ready to take on the challenge of achieving the new heights by bringing more Foreign Direct Investments (FDI) into the country and boost the economy particularly in the energy and water sectors. This will be achieved through the hosting of …
After months of delays, and concerns about suspended projects, the move sends a signal to investors that Burma is open for business.
BUSINESS in BURMA THIS WEEK: Rangoon green lights second economic zone; tourism; development; sanctions; and timber industry news.