FDI in Myanmar

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MYANMAR > South Korean group Lotte inaugurates the $200 million hotel in Yangon, Myanmar

Lotte Group, the fifth largest conglomerate in food, retail and construction in South Korea, opens up its eighth hotel, Lotte Yangon, at a prime site next to Inya Lake with an aim to establish a foothold in the lucrative ASEAN market. It currently operates hotels in United States, Russia, Vietnam and Uzbekistan. Situated about 8 […]

MYANMAR > US based Ford Opens Factory in Yangon

US automaker – Ford – launched a car assembly plant in Yangon on July 21, 2017 with an initial capital of US$ 10 million. The new assembly plant is located in the industrial zone in east Dagon Myothit.  Ford’s partner in the venture is Capital Automotive, a subsidiary of Myanmar conglomerate Capital Diamond Star Group. Ford also […]

MYANMAR > AIIB to Finance Energy Project in Myanmar

The Asian Infrastructure Investment Bank (AIIB) recently approved a US$20 million loan to finance a 225 MW Combined Cycle Gas Turbine Power Plant Project in Myingyan, Myanmar, co-financed with other Multilateral Development Banks and commercial banks according to AIIB’s press release. The power plant will be the largest Gas-Fired Independent Power Producer ...