Workers at a garment factory near Yangon
Reposted from The Myanmar Times
By Aye Thidar Kyaw
Foreign direct investment in the manufacturing sector has risen sharply since the new foreign investment law was passed last November and is on track to double this fiscal year, Myanmar Investment Commission director general U Aung Naing Oo said.
U Aung Naing Oo also said that investment in the telecom and hotel industries is set to surge this year.
Food processing and the garment industries took the lion’s share of the slightly more than US$400 million in FDI in the manufacturing industry last fiscal year, with most of this coming from Singapore, China, Hong Kong and Japan, he said.
Senior economist Dr Maung Aung said the amount was slight when compared to FDI flows into manufacturing in other countries in the region. More…
The African continent is attracting FDI from a wide variety of countries
Reposted from US News & World Report
By Stephen Hayes
It is not difficult to understand why American market share in Africa has dropped significantly over the past five years. While real American investment in Africa is up slightly due to oil prices and increased exploration, as well as a more aggressive posture by some companies such as General Electric, other countries are now far more active in the world’s largest developing marketplace. More…
Reposted from Foreign Policy
By Peter Murrel
Mongolia’s blue skies may soon be darkening. A key challenge: Putting the mining companies in their place.
As I suspect others with a professional interest in Mongolia’s transition to democracy and capitalism have found, the country seems to attract attention in a predictable cycle. On the up side, some peripatetic journalist based in Beijing with time to kill discovers the miraculous changes wrought in only two decades after effectively being a Russian colony (complete with mandatory mention of its fabulous blue skies). More…
Reposted from The Daily Star
The government has formed a high-powered taskforce to supervise and coordinate different works of Bangladesh Bank, Board of Investment, and Public Private Partnership Office, in a bid to boost foreign investment in the country.
The move comes at a time when foreign investors have been put off by the persistent political unrest. More…
Reposted from The UB Post
By B. Khash-Erdene
Cabinet Minister Ch.Saikhanbileg last week submitted a revised draft of the “Law on Regulation of the Foreign Investments in the Strategically Significant Industries” to parliament.
The law in question currently requires foreign investors to obtain parliamentary approval when contributing more than a 49 percent stake or investing more than 100 billion MNT (70 million USD) in “strategic sectors,” which include the mineral resources, banking, finance, media, and telecommunications industries. More…
Reposted from BusinessnewEurope
Terrence Edwards in Ulaanbaatar
The government of minerals-rich Mongolia is beginning to exhibit a return of warm feelings towards foreign investors with winter’s thaw.
After nearly 10 months of increasingly frosty relations with foreign investors that began with the passing of the Strategic Entities Foreign Investment Law (SEFIL), the government is making noises about drawing up an amendment to the law that relaxes restrictions on private investors. More…
Reposted from The Phnom Penh Post
China’s transition from export-led to domestic-led growth, combined with the rising costs of production, could provide opportunities for Cambodian growth and diversity, analysts say.
Faisal Ahmed, the IMF representative for Cambodia, said the Kingdom was already experiencing an increase in trade activity as a result of China’s economic shift.
“China’s rebalancing can boost demand of Cambodian exports of not only commodities but also labour-intensive manufacturing, in part supported by rising wages in China,” Ahmed said. More…
Reposted from Fiji Times
Fiji is targeting $350 million of foreign direct investments this year
By Ropate Valemei
Investment Fiji has set a target of more than $350 million in implemented foreign direct investments (FDIs) projects for the year says chief executive officer Ravuni Uluilakeba.
Lamenting the progress of investments in Fiji over the past five years, Mr Uluilakeba said the positive results showed government’s commitment to create more investment opportunities in Fiji. More…
Reposted from The UB Post
By B. Khash-Erdene
Mongolia is expected to be the second fastest growing economy in the world with 13.5 percent GDP rise in 2013, according to the latest estimations by the Economist Intelligence Unit (EIU). EIU is an independent business under the media giant Economist Group based in London. More…
Reposted from Eleven Myanmar
The Republic of Union of Myanmar Federation of Chambers of Commerce and Industry will organize the ‘US-Myanmar Trade and Investment Relations: The Path Forward’ on February 25, according to the statement of RUMFCCI.
The event will be held on February 25 and will be attended by the members of Washington D.C. based The United States Chamber of Commerce (USCC), and representatives from some well-known business companies such as Asia Global Xpress, Cargill, Chevron, eBay, EMC, Conocophilips, Gibson Dunn & Crutcherlip and Honeywell. More…