Myanmar Monitor

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Economy, Investment and Trade

Singapore set to open more businesses in Myanmar with new MoU
(8 June 2017) A Memorandum of Understanding (MoU) signed between International Enterprise (IE) Singapore and The Myanmar Investment Commission will make it easier for Singaporean companies to do business in Myanmar. With Singapore being the top investor in Myanmar, this MoU will allow more Singaporean firms to explore collaborations in urban solutions, utilities, transport and logistics, and professional services. As of March-end 2017 Singapore had invested a total of US$4.3 billion in Myanmar.
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Netherlands interested in expanding businesses in Myanmar
(13 June 2017) Twelve Dutch companies participated in the Netherlands’ first trade mission to Myanmar. Dutch Ambassador to Myanmar Wouter Jurgan stated that the country has a wide range of sectors to explore including agriculture, banking, port development, medical care and security printing. He sees agriculture as the most promising sector as the Netherlands is the second largest agricultural exporter in the world. The Netherlands is the ninth largest foreign investor in Myanmar, with 18 enterprises approved by Myanmar Investment Commission that have brought in US$1.4 billion in initial capital.
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Foreign & internal affairs

Suu Kyi visits Trudeau to learn about Federalism
(8 June 2017) Myanmar’s State Counsellor Aung San Suu Kyi met with Canadian Prime Minister Justin Trudeau to learn about Canadian federalism, a governmental system she believes could bring stability to her country. Trudeau announced US$6.63 million in aid to support the peace process in Myanmar and to provide emergency food assistance, shelter and health care to vulnerable populations. He added that Myanmar should increase efforts to uphold human rights, particularly with respect to women, youth and protection of the minorities.
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Suu Kyi reiterates that U.N probe on Rohingya will spark further ethnic tensions
(12 June 2017) Myanmar’s de facto leader Aung San Suu Kyi claimed that the investigations on the Rohingya in Myanmar will spark further ethnic tensions. She reiterated this at a press conference after her meeting with Sweden’s Prime Minister Stefan Lofven. In May, the U.N appointed experts to lead a fact-finding mission to investigate widespread allegations of killing, rape and torture by security forces in conflict areas. Myanmar rejected the probe and Suu Kyi said that she would only accept recommendations from a separate advisory commission led by former U.N. chief Kofi Annan. The probe is seen as unnecessary because Myanmar believes that it is not aligned with the needs of the region.
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