Singaporean enterprises have substantially increased their investment inMyanmar, reaching 311.4 million USD in 2013, a sharp 41.5 percent risefrom 2012, according to the Strait Times.
Thenewspaper quoted Lai Shu Ying from Singapore’s International Enterprise,a government agency driving Singapore's external economy, Singaporeancompanies are pouring money into urban development, connection andfinance.
In 2013, Singapore was Myanmar’s third trade partner and the trade reached 3.23 billion SGD (2.38 billion USD) in 2014.
Myanmar’s abundant human and natural resources coupled with itsstrategic position bordering China, India and Southeast Asia are majorreasons behind Singaporean companies’ decisions to invest.
Singaporean firms see strong promise in Myanmar—which opened itseconomy to the world three years ago—especially in consumer goods wherecompetition is extremely low.
They hope to reap future benefits as the income per capita and the middle class in Myanmar increase.-VNA
Thenewspaper quoted Lai Shu Ying from Singapore’s International Enterprise,a government agency driving Singapore's external economy, Singaporeancompanies are pouring money into urban development, connection andfinance.
In 2013, Singapore was Myanmar’s third trade partner and the trade reached 3.23 billion SGD (2.38 billion USD) in 2014.
Myanmar’s abundant human and natural resources coupled with itsstrategic position bordering China, India and Southeast Asia are majorreasons behind Singaporean companies’ decisions to invest.
Singaporean firms see strong promise in Myanmar—which opened itseconomy to the world three years ago—especially in consumer goods wherecompetition is extremely low.
They hope to reap future benefits as the income per capita and the middle class in Myanmar increase.-VNA
