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Discussion Starter · #21 ·
Microtel Corporation prepares to invest in Myanmar

http://www.elevenmyanmar.com/business/3804-microtel-corporation-prepares-to-invest-in-myanmar

Philippine-based Microtel Corporation is preparing to invest in hotels, real estate and educational services in Myanmar, according to Myanmar Investment Commission (MIC).

Jose Mari del Rosario, Chairman of Microtel Development Corporation, visited the Directorate of Investment and Companies Administration (DICA) in Nay Pyi Taw to discuss the rules and regulations regarding their investment.

The Microtel Development Corporation is known for its franchise Microtel Inns & Suites which numbers 300 hotels around the world including the Philippines, the United States, Canada and Mexico.

Over US$ 1,590 million of foreign capital has been invested in Myanmar’s hotels and tourism industry and over US$ 193 million has gone towards real estate developments.

The MIC has granted permissions to Myanmar companies and Singaporean firms to hire buildings and land in Yankin Township, Yangon Region under Build-Operate-Transfer agreements according to the new Foreign Investment Law.

Companies from the United States and other countries are planning to open branch offices in Myanmar to invest in insurance services, foodstuff industry, hotels and toursim, construction, according to DICA.
 

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Discussion Starter · #22 ·
Foreign investment in Myanmar increases: DICA

http://www.elevenmyanmar.com/business/4035-foreign-investment-in-myanmar-increases-dica

Foreign investment in Myanmar has exceeded US$ 43 billion (Ks 41.8 trillion) as nine countries including Britain and France have made new investments in the past month, according to the Directorate of Investment and Company Administration (DICA).

The new investments, worth more than US$ 53 million, were made in the period from August 31 to September 30, pushing the total foreign investment in the country to US$ 43.73 billion from US$ 43.68 billion.

Britain, South Korea and Hong Kong made the most new investments, with a total of more than US$ 29 million.

Countries making the least new investments were China, Thailand, Singapore, France, Japan and Luxembourg.

The manufacturing sector received the most investments, DICA said.

Myanmar enacted the new foreign investment law last year.
 

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After the successful Lao government bonds in Baht denomination of 3 Billion Baht with 4.7% annual interest rate for 3-year bonds and 5.1% annual interest rate for 5 year bonds, it has given an incentive and encouragement for Burmese Government, Cambodian government and even Vietnam government to issue Government Bonds in Baht denomination to borrow hard currency for national development with less cost than issuing US Dollar/Euro/Yen denomination bonds or borrowing from ADB/World Bank due to the growing number of Thai investors and the stringent regulation on borrowing in US Dollar/Euro/Yen denomination.
http://www.prachachat.net/news_detail.php?newsid=1384930910
 

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Growing demands for Thai -Burma border trades and tourism have compelled Ministry of Interior to extend the opening hour at 3 permanent Border checkpoints

1. Mae Sai checkpoint - extending to 6.30 AM to 9 PM
2. Mae Sod checkpoint - extending to 5.30 AM to 8.30 PM
3. Singkhon checkpoint - 8 AM to 10 PM
https://www.facebook.com/thailandcoup/posts/411871272313386
https://www.facebook.com/thailandcoup/photos/pcb.411871272313386/411871245646722/?type=1&theater
https://www.facebook.com/thailandcoup/photos/pcb.411871272313386/411871218980058/?type=1&theater
https://www.facebook.com/thailandcoup/photos/pcb.411871272313386/411871202313393/?type=1&theater
https://www.facebook.com/thailandcoup/photos/pcb.411871272313386/411871178980062/?type=1&theater
 
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