New Myanmar Part 1
The World Economic Forum meeting , Hosting SEA Games and Leading ASEAN in 2014
The World Economic Forum meeting in East Asia Between the date xx Located in yangoon Myanmar This meeting isn’t just about investments but it is to show the world that ASEAN is opening its market and investors are all welcomed to participate.
The World Economic Forum meeting in East Asia Between the date xx Located in yangoon Myanmar This meeting isn’t just about investments but it is to show the world that ASEAN is opening its market and investors are all welcomed to participate.
Opening their countries in the year 2011 is a big step towards the future for Myanmar. Myanmar is entering is starting to build and construct its country into something better from the pass.
Starting from the election in November ปี 2010 , Releasing Ong San Suji from house arrest in the 13th of November 2010 Next secretary of state Hilary clinton’s visit to Myanmar ont the 1st of Dec 2011 and British Prime Minister David Cameron on the 13 April 2012 .
Cameron is the first British prime minister to visit the country in more than 60 years, and the president of the united states of america’s visit on the 19 Nov 2012 All these images are images of the pass Myanmar was quickly able to develop into a better country to meet the ongoing world market.
And as of now Myanmar will turn into a fast developing country a start is hosting the World Economic Forum in East Asia on the 5-7 June 2556 and hosting the 27th SEA games on the 11-13 of Dec 2013 Naypyidaw, Yangon, and Mandalay. It will be Myanmar’s third times to hold SEA Games after waiting for 44 years
As Myanmar continues preparations to assume the role of chair of ASEAN for the first time in 2014 And will start a new election in the following year.
Previously, the Foreign investment in Myanmar was almost five times higher in the last fiscal year than the previous year, figures published on Monday showed, and a senior investment official said much of it went into garment manufacturing.
“Local and foreign investment in Myanmar increased by five times in 2012/13,” official newspapers reported President Thein Sein saying in a speech in Mandalay on Sunday.
“Over $1.419 billion foreign direct investment was made for 94 enterprises while local investors made 1.1 trillion kyat (US $1.3 billion) for 65 enterprises, creating a total of 82,792 job opportunities,” he said.
A senior official from the Myanmar Investment Commission told Reuters Burma had attracted about $300 million in foreign direct investment (FDI) for 11 enterprises in the previous fiscal year starting in April 2011.
“The significance of last year’s FDI was 78 out of 94 proposed enterprises were in the labor-intensive manufacturing sector, mostly garment factories,” he said, asking not to be named since he was not authorized to talk to the media.
Most of the investment in fiscal 2012/13 came from China, Hong Kong, Japan, South Korea and Singapore.
“And the realization rate of proposed enterprises was unprecedentedly high,” he said, noting that since 1988 some $42.31 billion had been pledged for 563 enterprises but only $32.28 billion had actually been invested.
The outlook is bright, especially after the easing of trade and investment sanctions imposed by Western countries on the military regime that ran Myanmar until March 2011.
“The EU is planning to grant Myanmar GSP status very soon and now more and more potential foreign investors are coming to us from all parts of the world,” the investment official said, referring to the Generalised System of Preferences (GSP) that offers trade advantages to poorer countries.
The investment climate has also been clarified by a new foreign investment law passed in November 2012.
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interesting!
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