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 ]
Lifetime Health Australia, a leader in Australian bee health supplements, was first approached by Bee Health Myanmar Co. Ltd., shortly after Australian trade sanctions to Myanmar were removed in July 2012.
After almost one year of negotiation and planning, a product - Natural Life™ Propolis Liquid - has been developed, produced and delivered for the growing South-East Asian nation.
The transaction is a significant achievement for a small business such as Lifetime Health Australia, as...
Myanmar has made impressive strides in opening and liberalizing the economy, boosting growth and the economic outlook, but the formerly isolated country faces considerable challenges, particularly because of its limited macroeconomic management capacity.
In their regular report on the health of the Myanmar’s economy, IMF economists estimate that the country’s economy grew around 6½ percent in 2012/13, driven by gas production, construction, and services.
These drivers, along with...
MYANMAR - In the state-owned New Light of Myanmar newspaper, the Myanmar Ministry of Transport announced that a consortium comprising Incheon International Airport was the successful tenderer in a competitive bidding process to build a new airport handling 12 million passengers a year.
The paper also announced that a consortium led by local firm Pioneer Aerodrome Services won the concession to operate the Yangon International Airport and Japan's Mitsubishi-Jalux Inc consortium won a...
The Japan International Cooperation Agency (JICA) is deepening its assistance to Myanmar by launching new programs to alleviate poverty, develop human resources and enhance ties between domestic and Japanese firms, the president of the agency said following the opening of the Japan-Myanmar Centre last week.
JICA’s Akihiko Tanaka also said that creating a proper investment environment in Myanmar is key to attracting Japanese businesses.
“Japanese companies are watchingvery carefully...
Just three months after lifting sanctions against Myanmar, the European Union has boosted trade relations with the Southeast Asian country by giving it an “Everything But Arms” trade preference, which will grant the Burmese duty-free and quota-free access to the European market for all products except for arms and ammunitions.
The trade preference will be applied retroactively as of June 13, 2012, the day the International Labor Organization first recognized progress in the labor rights...
RANGOON — Although Burma is moving forward with economic reforms and opening up to the international community, businesspeople say the country is not yet ready to join a planned integrated network of Southeast Asian economies in 2015.
A lack of infrastructure, human resources and technology, along with an unfinished legal framework for businesses, are a concern for Burma as the Association of Southeast Asian Nations (Asean) attempts to form a single market within the next two...
American companies are looking to invest in Myanmar's hotel industry after representatives from Brownstone Furniture met with the Ministry of Hotels and Tourism on Wednesday.
Former US Congressmen Mr. Jim Webb and Mr. Christopher Kingsley from Brownstone Furniture met with Minister of Hotel and Tourism Htay Aung to discuss possible hotel projects in Bagan, Yangon and Pyin Oo Lwin.
Nearly 1.06 million tourists visited Myanmar last year and the figure increased by about 30 percent from 2011....
News that Tan Chong Motor’s subsidiary ETCM has been awarded sole rights to distribute Nissan CBU vehicles in Myanmar went down well with Hong Leong Investment Bank Research, which is reiterating its Buy call on the stock with the sector on Overweight.
Target price remains at RM7.30 for the shares which are currently trading at around RM6.75.
Tan Chong’s distribution rights cover an initial period of five years, with an automatic extension of one year, allowing it also to appoint...
THE number of international standard rooms in Yangon is set to soar within the next four years as brand-name hotel groups enter the as-yet untapped Myanmar market, predicts Jones Lang LaSalle (JLL) Hotel Group in its recent Myanmar Hotel and Tourism Report: Spotlight on Yangon publication.
While Myanmar’s Ministry of Hotels & Tourism counted 9,110 hotel rooms in the city, JLL estimated that only 1,500-2,000 were of international standard due to previous economic sanctions that kept...
Hong Kong and China will operate garment enterprises under Cutting, Making and Packing –CMP system at industrial zones in Yangon, the commercial hub of Myanmar, according to the Directorate of Investment and Companies Administration-DICA.
China-based Shanghai Donglong Feather Manufacture Company has cooperated with Dong Long (Myanmar) Garment company to carry out garment enterprises at Hlaingthayar Industrial Zone-4, Jiangsu Solamoda Garments Group at Shwe Than Lwin Industrial Zone in...
