M’sian firms asked to explore various sectors in Myanmar


An employee works in the Suzuki car factory in the Thilawa special economic zone on the outskirts of Yangon on August 21, 2019. - AFP

YANGON: Myanmar has invited Malaysian investors to tap into its potential business opportunities in various sectors, particularly the agro-based, infrastructure and manufacturing industries.

Its deputy director-general of the Directorate of Investment and Company Administration, Tin Aye Han said as Malaysian companies are mostly involved in the country’s manufacturing sector, he asked them to explore other sectors as well.

“In investment, Malaysia is number eight in Myanmar but mostly in the manufacturing sector, ” she told Bernama News Channel after delivering a speech at a working dinner titled “Investment Opportunities in Myanmar” in conjunction with the Malaysia-Myanmar Connect 2019 Seminar (MYC 2019) here on Wednesday.

The three-day event from Aug 28 was organised the Malaysia-Myanmar Business Chamber in partnership with the Malaysian Embassy in Myanmar and in collaboration with Malaysia External Trade Development Corp.

The MMC2019 delegates are also scheduled to visit the Thilawa Special Economic Zone, hold knowledge-sharing sessions with Myanmar associations, attend a briefing on the country’s economic system, and engage in networking sessions with local businesses.

Aye Han said Myanmar currently gives priority to the agro-business and manufacturing sectors, while infrastructure development is regarded as one of its brightest sectors.

Hence, Malaysian companies are invited to go into the sectors, she added.

Aye Han also said the country offers a lot of benefits to investors, including tax reliefs. – Bernama


   

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