The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration.
The UK invested... [ More ]
Yet this space is highly contingent on a number of volatile factors: the goodwill of the current President and his associates in Parliament, the ability of Aung San Suu Kyi to assure the... [ More ]
If the 10-nation ASEAN bloc is to double its economy by 2020, then a large thrust of the growth rate will be coming from Myanmar.
According to consultancy McKinsey Global Institute,... [ More ]
Myanmar was one of East Asia’s fast growing advanced economies in the early 20th century. But decades of isolation took its toll and Myanmar was left out of the region’s remarkable... [ More ]
France is preparing to further invest in Myanmar’s infrastructure as well as in other sectors, according to reports following the visit of France's foreign trade minister.
Last month, President Thein Sein visited France where he met with French President Francois Hollande and discussed matters of bilateral cooperation including promoting business and trade, the development of education, and health sectors and the settlement of remaining debts.
France has already invested US$ 469...
Myanmar, called Asia’s “next economic frontier” by the International Monetary Fund, is the new battleground for Indian companies seeking to wrest business from Chinese firms.
Export-Import Bank of India, the state-controlled trade financing institution, has pledged $800 million in Myanmar, which includes funds to upgrade the Yangon-Mandalay railway and a plant for Tata Motors Ltd. (TTMT) to assemble vehicles in the Southeast Asian nation, Executive Director David Rasquinha said. China...
The strategically-located Myanmar, which shares its boundary with China, Thailand, Laos, and Bangladesh, could well become India's gateway to the Association of Southeast Asian Nations (ASEAN). Having woken up to this realisation, several Indian companies are lining up to enter the country and make their presence felt in every segment of its economy.
The wakeup call has, however, come a little late in the day. China has already gained a strong foothold in Myanmar's economy and has been...
A consortium led by Incheon International Airport Corporation has been chosen as the preferred bidder to build a new airport in Burma's main city of Rangoon worth US$1.1 billion.
The corporation edged out 29 other consortia from 15 countries including China, France, Japan and Singapore.
The corporation said it hopes to sign the final agreement at the end of this year to build Hanthawaddy International Airport 60 km northeast of Rangoon, which will be able to process 1.2 million passengers...
GWEN IFILL: Next, we take you to the Asian nation of Myanmar, also known as Burma, where some farmers are paying a heavy price for the country's emerging economy.
Special correspondent Kira Kay reports.
KIRA KAY: The first drops of the rainy season have fallen on Mya Hlaing's rice paddies, and it is time to plow and sow. The rice will be ready for harvest in November. Mya Hlaing's land and the village that abuts it were settled by his forefathers while Myanmar was still a British...
As of 19 July, Myanmar/Burma is set to benefit once again from a special, advantageous trade arrangement with the EU after the country's recent efforts to improve the political, social and labour environments there. The EU will bring the country back under the so-called 'Everything But Arms' preferential trade regime which will grant duty-free and quota-free access to the European market for all products except for arms and ammunitions.
The trade preferences for Myanmar/Burma will be...
Outdated buses in Myanmar's largest city will be replaced with new foreign city buses, according to reports from Yangon's regional government.
Private motor companies have been granted licences to import foreign city buses with their own funding. Yangon's regional authorities are making it a priority to issue import licenses and permits to run the new passenger vehicles.
"Some passenger cars are very outdated. So we are going to replace those outdated cars with foreign city buses and have...
The Ministry of Hotels and Tourism announced that American businessmen have offered to invest in the hotel sector as privately owned enterprises or joint ventures with Myanmar partners.
The announcement was made after Senator Jim Webb, Christopher Kingsley from Brownstone Furniture and special delegates met with U Htay Aung, Minister of Hotels and Tourism.
The Americans have expressed interest to invest in Yangon, Pyin Oo Lwin and Bagan, to accommodate the growing number of visitors to...
RANGOON — For the first time since the government announced the international winners of a telecommunications license tender late last month, the two successful bidders have disclosed their planned calling rates, according to a press release by Burma’s Ministry of Communications and Information Technology.
The joint statement by Norway’s Telenor and Qatar’s Ooredoo said both international telecoms giants will offer highly competitive rates that are significantly lower than what is...
NEW DELHI: Reliance Industries , ONGC Videsh and Cairn India are vying with global energy giants Shell , ConocoPhillips and ExxonMobil for 30 offshore oil and gas blocks that Myanmar has put on offer.
In all, 61 companies have been pre-qualified to bid for 11 shallow water and 19 deepwater blocks in an international tender, according to Myanmar's Energy Ministry.
The shortlisted companies from India include RIL, ONGC Videsh (the overseas arm of state-owned Oil and Natural Gas Corp...
The population of Myanmar is about 60 million. The main language spoken in the country is Myanmar though English is also widely spoken and understood.
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