Myanmar government figures and US companies met to discuss future investment endeavors. In a meeting between representatives of American companies and Myanmar government officials, the lack of investments from the United States was highlighted and discussed.
Industry
India removes levy on sugar industry
In order to attract foreign businesses, India removed a 10% levy in its sugar sector. Direct investments and foreign ventures are expected to come towards the global sugar industry, said India's top sugar producer Balrampur Chini.
Clean energy investments increase globally except Europe
Bloomberg New Energy Finance reported that investments in the renewable energy sector increased except in the European region.
India wants better research and development investments
To increase investments in the research and development sector of India, a government panel created new guidelines.
Rwanda meets target 6 months sooner
Rwanda reached its yearly projected investment amount after only six months. The African nation of Rwanda is showing signs of growth after achieving its US$1.
Latest News
Angel investors are saving the upstarts in the UK, according to a Deloitte poll. Recent studies show that a new breed of 'super angel investors' are driving the United Kingdom's economic growth by filling the void left by the absence of traditional venture funds for upstart firms.
Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.
Belarus' National Agency for Investment and Privatization discussed with nine associations the way to attract more foreign direct investments.
According to Alstom's estimates, by 2020, the grid businesses would spend US$64.3 billion for new equipment.
Petroleo Brasileiro SA's acquisition of Angolan LNG's first cargo was expected to lessen the shipping demand.
EasyJet gets approval from majority of its shareholders to proceed with its plan to purchase additional Airbus planes.
Due to free trade agreements with many nations, Morocco is set to become the next investment hub, analysts said.
The Bank of America downgraded its rating on financing firm CYS Investments. The Bank of America downgraded CYS Investments to an "underperform" rating from a previous "neutral" classification in a research note released today.
The Philippines' foreign portfolio investments increased in June, said the country's central bank.
