Malaysia-Myanmar Connect 2019 takes place in Yangon

File photo shows an aerial view of Yangon City with high-rise buildings. Photo: MNA
File photo shows an aerial view of Yangon City with high-rise buildings. Photo: MNA

Yangon has abundant business opportunities for foreign investments despite some deficiencies in power supply, hygiene water distribution and efficient transportation, said Yangon Region Chief Minister U Phyo Min Thein at the Malaysia-Myanmar Connect 2019 yesterday.
The event was jointly organized by the Ministry of Investment and Foreign Economic Relations and the Malaysia-Myanmar Business Chamber at Wyndhan Grand Yangon Hotel to improvement local and foreign investment in the city.
The Chief Minister expressed his hope for improvement of cooperation between Myanmar and Malaysia and more investment of Malaysian businesspersons.
He also clarified enormous potentials for thriving on southwestern side of Yangon river, where the development programmes will be carried out after completing the construction of Dala bridge constructed by Korean loans to link with the hub of Yangon city.
U Phyo Min Thein also promoted the future plans for Yangon’s new city project and special economic zones as the regional government has established the Yangon Project Bank to help assistance for investments.
The Yangon Project Bank covers 80 projects, and it conducted preliminary surveys by seeking advice from the Singapore-based PwC Myanmar firm in drawing sustainable development plan under the framework of the Union government.
At the event, Chairman of Malaysia-Myanmar Business Chamber Mr Gilbert Lee and Malaysian ambassador to Myanmar Mr Mr. Zahairi bin Baharim made opening remarks, followed by a video of Myanmar investment opportunities sent by Union Minister for Investment and Foreign Economic Relations U Thaung Tun.
The topics on Myanmar economy and the project banks were discussed by a foreign economic expert on Myanmar and Deputy Minister for Industry Dr Min Ye Paing Hein.— MNA (Translated by Aung Khin)

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