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 ]
Burma’s tourism sector saw the highest relative growth in Southeast Asia, with the number of foreign arrivals spiking 52 percent last year, according to a report by the UN World Tourism Organization. Despite the surging growth, Burma remains one of the region’s least-visited countries, attracting just over 1 million visitors in 2012. Southeast Asia’s tourism growth topped all Asian subregions, with arrivals rising 9 percent in 2012. Asia and the Pacific region as a whole received 234...
JAKARTA — Telekomunikasi Indonesia, Indonesia’s biggest telecommunication company, has won a tender to manage Burma’s international networks.
“The trust given by the Myanmar government is the result of our team’s hard work on the ground in Myanmar. This will be an opportunity to show Telkom can be aligned with other big international operators,” Arief Yahya, president director of Indonesia’s state-controlled Telkom, said in a statement on Friday.
Telkom has been tasked with...
YANGON, Myanmar - Opposition leader Aung San Suu Kyi launched Myanmar's first mobile library Saturday to highlight her policy of spreading education in the country.
"Now, it's only a bus with a room, but if our people use it correctly it may be great benefit for our country," Suu Kyi said at a ceremony in Kawhmu, 30 kilometres south-west of Yangon.
Myanmar has few libraries and its schools and universities have suffered from years of neglect and poor budgets. Suu Kyi has stressed the need...
It was only a few years ago that oil giants Chevron and Total were accused of propping up Myanmar’s military junta by helping it export oil and gas, earning them the ire of human rights groups. Yet with decades of political isolation over – and most Western sanctions gone or waning – this country of 60 million is now safe for Big Oil.
That’s why top officials from top energy companies have been quietly beating a path to the capital city of Naypyidaw over the past few...
Myanmar has signed a revised contract that increases its share of the profits from a controversial Chinese-backed copper mine, the country's largest, officials said.
The revision is seen as an attempt by the government to appease public anger over the project by giving the country a bigger share of the profits.
The new terms give the government 51 per cent of the profits from the Letpadaung copper mine in Monywa, 760 kilometres north of Yangon, far more than its original 4 per cent...
Myanmar’s Ministry of Commerce will move ahead with plans to open a series of markets at the Indo-Myanmar border area, said Tayza Aung Win, a director at the Sub-department of Internal Trade.
The border markets will be opened in 10 villages in three townships of Chin State—Tiddim, Chikha, Tonzang— and three townships of Sagaing Region—Lay Shi, Lahe and Tamu.
The news follows an announcement by the Ministry in April that a border market would be opened in Sagaing’s Pan Saung,...
Heineken beer-maker APB Alliance Brewery Company said its first beer factory in Myanmar will be able to start operation by the end of next year.
Myanmar’s Directorate of Investment and Company Administration approved establishment of APB Alliance Brewery on July 25.
It is a joint venture between Asia Pacific Breweries Ltd (APB) and its local partner Alliance Brewery Co Ltd (ABC).
Netherlands-based Heineken announced its entry to Myanmar in May 13. Now, its APB holds 57 percent stake...
Myanmar President U Thein Sein has assured China that his country will continue to pursue a friendly policy towards Beijing and advance ties between the two countries.
Talking to visiting Fan Changlong, vice chairman of China's central military commission, in the capital, the president said Myanmar would continue to pursue a friendly policy toward Beijing and make unremitting efforts to push forward the Myanmar-China comprehensive strategic cooperation partnership, Xinhua reported.
U...
Blue Mountain Soft Drink Company expects to expand in the coming years, despite the influx of foreign brands including Coca Cola, says Chairman Dr. Sai San Tun.
Sai San Tun, who heads parent company Lwe Hein told Mizzima that the company expects to increase its market share, despite speculation from critics that the brand would suffer in the coming decade.
A new Blue Mountain factory is expected to open this year in Mandalay as part of the expansion. Sai San Tun has called it a...
Japan is gearing up to make Burma the new sweatshop of Asia, said a report by The Economist citing the case of Famoso Clothing, which is closing its factories in China and moving operations to Rangoon.
Famoso is part of Daiei Ready Made Clothes Corporation, based in the Japanese city of Nagoya, and makes men’s suits for the Japanese market and others.
Until recently, most of its production was at three factories in China, where it employed thousands of workers.
“Three years ago two...
Myanmar Time is 6:30 hours ahead of Greenwich Mean Time. For example on a Monday at midnight in Yangon , it will be:
New York (Eastern Standard) 1230 hours on Monday
London (GMT) 1730 hours on Monday
Bangkok 0030... ... More
