The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration.
The UK invested... [ More ]
Yet this space is highly contingent on a number of volatile factors: the goodwill of the current President and his associates in Parliament, the ability of Aung San Suu Kyi to assure the... [ More ]
If the 10-nation ASEAN bloc is to double its economy by 2020, then a large thrust of the growth rate will be coming from Myanmar.
According to consultancy McKinsey Global Institute,... [ More ]
Myanmar was one of East Asia’s fast growing advanced economies in the early 20th century. But decades of isolation took its toll and Myanmar was left out of the region’s remarkable... [ More ]
Coal India (CIL) is planning to invest in new coal assets in Myanmar and Botswana after its decision to start mining in Mozambique by FY 17. A coal ministry official told CIL’s entry into Myanmar could be very strategic for India as this could create scope for wider Indian investment in the country alongside Chinese investment.
China has invested more than $ 8 billion in hydro electric, oil & gas production and coal mining.
But the Myanmar government is keen to attract more foreign...
As part of a concerted effort on the part of the Myanmar government to modernise the country's developing financial sector, a number of recent major reforms have been made. Developments in the banking sector have been particularly noteworthy, as a relaxation in regulation and control seems to indicate the opening up of the industry to more international participation.
Myanmar President Thein Sein has signed a law giving the Central Bank of Myanmar (“CBM”) more autonomy from the Finance...
Is there a pivotal link between the United States’ concerns over China’s assertiveness in the South China Sea and inroads into the Indian Ocean and bids from the US to expand Yangon’s airport and improve the roads between Myanmar’s main commercial city and Mandalay?
The rapid rapport developing between Washington and Naypyitaw coincides with US efforts to reassert influence in the Asia-Pacific region as China’s belligerent territorial claims on most of the South China Sea create...
With China's transition from a planned economy to a market-oriented economy, social responsibility has become an essential element of Chinese corporate strategy.
As an evolutionary tool of soft power, CSR requires companies to address social and environmental considerations alongside the drive for profit in businesses. Given the deficiency of laws relevant to CSR in China, it seems, however, a herculean task for companies there to embrace the concept. CSR principles are based on a commitment...
China and Burma have signed a US$100 million agreement to jointly build railway rolling stock.
Ninety percent of the money will be covered by loans from Chinese state banks to finance construction of at least two factories to build diesel locomotives and passenger carriages, said the Chinese news agency Xinhua.
Technical expertise will be provided by the China National Machinery Import and Export Corporation (CMC), the Chinese partner in the deal with Burma’s Ministry of Rail...
Gas has started flowing to energy-hungry China through a pipeline from Myanmar, Beijing's official media reported, in a major project that highlights their economic links even as political ties weaken, AFP reports.
The 793-kilometre (492-mile) pipeline runs from Kyaukpyu on Myanmar's west coast, close to the offshore Shwe gasfields, and across the country.
It enters southwest China at Ruili, near areas where heavy clashes between the rebel Kachin Independence Army and the Myanmar...
Myanmar's border trade fetched $894. 31 million in the first three months (April-June) of the fiscal year 2013-14, local daily reported Monday.
Of the total, export amounted to $452.184 million while import represented $442.124 million, said the Daily Eleven.
Myanmar's border trade is done through 15 trade points with four neighboring countries, namely Muse, Lwailge, Chin Shwe Haw and Kanbiketee with China, Tachileik, Myawady, Kaw Thaung and Myeik with Thailand, Nabule, Htee Ki, Sittway...
Private airlines are proliferating in Myanmar, hoping to capitalise on a tourist and business travel boom, and demand from upcoming international events such as the SEA Games in December and Asean meetings next year.
Besides national carrier Myanmar Airways International , there are seven local airlines, and just last week four new ones were given permission to start operations, Myanmar’s Department of Civil Aviation (DCA) said over the weekend.
But there will be no place to park...
As expected, the United States on Wednesday renewed a ban on the import of gems from Myanmar, as the highly profitable industry has long been dominated by the military. Other sanctions against the Southeast Asian nation expired last month, acknowledging Myanmar's progress in shifting toward a more open, democratic government and respecting human rights.
President Barack Obama has otherwise normalized trade relations with Myanmar, but issued an executive order to maintain the ban on rubies...
MYANMAR - The ministry has estimated around 2 million foreign travelers will visit Myanmar. In addition, Myanmar will host the 27th SEA Games at the end of this year and so tourist arrivals will increase more than ever.
The Myanmar News Agency reports:
“We were not able to judge hotels’ standard this year. But, we have a plan for upgrading them this month. We are going to inspect the hotels together with the Ministry of Hotels and Tourism. We are going to do this work dividing into...
Myanmar, which has a total area of 678,500 square kilometres, is the largest country in mainland Southeast Asia, and the 40th-largest in the world. It is somewhat smaller than the U.S. state of Texas and slightly larger... ... More
