Topic:
Myanmar has held investment and business forums with Japan, South Korea, China, Malaysia, Thailand, Hong Kong and Singapore among Asian countries, and the US, UK, Czech, Hungary and Australia among Western nations.
Description:
"Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy.
State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as a key driver of Myanmar’s economy.
Starting last year, both abroad and at home, Myanmar has held investment and business forums with Japan, South Korea, China, Malaysia, Thailand, Hong Kong and Singapore among Asian countries, and the US, UK, Czech, Hungary and Australia among Western nations.
Between January and September this year, the government organized a Union-level investment summit in Naypyitaw and four major investment forums in Yangon and Mandalay regions, and in Rakhine and Chin states, inviting both local and foreign investors to attend. This is part of the government’s investment promotion plan, which has emphasized East Asian countries since the country’s image took a battering in the wake of the 2017 Rohingya crisis in Rakhine State, which turned off Western investors..."
Source/publisher:
"The Irrawaddy"
Date of Publication:
2019-09-12
Date of entry:
2019-09-12
Grouping:
- Individual Documents
Category:
Countries:
Japan, South Korea, China, Malaysia, Thailand, Hong Kong, Singapore, The US, UK, Czech, Hungary, Australia
Language:
English
Resource Type:
text
Text quality:
- Good