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The Myanmar news agency said on Tuesday that Myanmar and Laos have signed three agreements on bi-lateral co-operation in three sector. Co-operation in the three areas of electricity, S&T and the fight against bribery. Possible adverse effects on Myanmar's economies from the rise of the Trump will be limited. The production of a Myanmar's Myanmar mine, which has disturbed the worldwide metals markets, is sinking rapidly and reserves could be exhausted in "two to three years," said high-ranking mining officers Reuters.
Daw Aung San Suu Kyi made her first formal trip to New Delhi last weekend since taking office in April, securing arrangements to reinforce relations in the areas of insurances and energies and to promote co-operation between the countries' federal states. Thailand's PTT Exploration and Production (PTTEP) has asked 18 former Myanmar engineers for massive payments after they were dismissed last year during an industrial action, the former staff said.
Myanmar plans to launch a series of initiatives with China, its biggest shareholder, to stimulate investments in this area. Jereh Group, headquartered in China, received an order for technical services, purchasing and building services for the Guizhou Province Pipeline and Distress Project in China. According to the Myanmar Investmentcommission, Singapore companies are now at the top of the Myanmar property sector's top rankings, representing more than 55% of all FDI in the industrialised world.
According to an officer of the European Business Association of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), Indonesia's business community is becoming more and more interested in Myanmar's petroleum and natural resources sectors. Indo-Myanmar Federation of Chamber of Commerce and Industry and Union of Myanmar Federation of Chamber of Commerce and Industry have concluded a memorandum of understanding to promote the development of bi-lateral business coperation.
The few local FDIs in Myanmar have historically built up asset portfolios that focus primarily on currency, property, commodities or currency.