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 ]
Many in Myanmar will be getting affordable mobile services as soon as Ooredoo, Telenor and the local conglomerates begin to build up the country’s infrastructure, but the Internet may remain unattainable for most of the 60 million citizens, as the government has not let go of its tight grasp, and connection is still slow and spotty.
There are three Internet providers in Myanmar: Red Link Communications, Sky Net MPS and Yatanarpon Teleport. Red Link is owned by the sons of the former...
RANGOON — Five years ago, Nay Phone Latt’s daily routine consisted of killing time by reading, doing yoga, and writing letters, short stories, and poems in his cell. But on a recent overcast morning in Rangoon, the blogger hardly had time to answer a phone call as he rushed about, before taking a bus to Burma’s capital Naypyidaw in order to help change the law that sent him to prison.
“I only have 20 minutes,” he said with an apologetic smile to a visitor at his office, located in...
Socio- economic and cultural conditions: The past 40 to 50 years the movement of people for trade and commerce and cultural was strictly prohibited despite of similar civilization and proximity at the borderland of Indo- Myanmar, there was no language problems in borderland. The northern borderland of Myanmar and Eastern borderland of North Eastern region are not properly researched and trap the benefits of cultural and economic relations.
The main attraction in borderland for foreign...
There also plans to use the credit scheme under the National Export Insurance Account operated by the Bank under which government agencies can import goods and services from India.
The Export Import (EXIM) Bank will open a representative office Monday in Yangon, former capital and commercial centre of Myanmar, as India refashions its relations building diverse layers of contact with the Southeast Asian country that will chair the ASEAN bloc next year.
The setting up of the EXIM Bank...
CATIC Beijing handed over a total of 19 dredgers and supporting vessels to Myanmar at the commissioning ceremony held at the Nanthida Jetty of Yangon on Saturday.
The dredgers and supporting vessels imported from China with assistance of a preferential loan provided by the Chinese government arrived in Myanmar in August.
The ceremony was attended by U Nyan Htun Aung, the country's minister of Transport and Yang Houlan, Chinese ambassador to Myanmar.
U Nyan Htun Aung said "because of...
China's policy of pursuing relations strictly at an inter-governmental level has spawned negative perceptions among various politically relevant grass roots communities in Myanmar. From controversial investments that have had negative social and environmental impacts, to single-minded efforts to protect its commercial interests, China is now part and parcel of many of Myanmar's deep-seated problems.
China's policy of pursuing relations strictly at an inter-governmental level has spawned...
FOLLOWING the wave of foreign investments into emerging markets, Myanmar presents long-term opportunities for investors, particularly from neighbouring countries such as Malaysia.
More and more multinational corporations (MNCs) are buying into the potential growth story of Myanmar, given its rich resources in gas, land and minerals, its strong agriculture sector and low-cost labour force. As foreign economic sanctions are slowly being undone, MNCs are keen to explore investment opportunities...
RANGOON—Burma’s government on Thursday denied reports that it holds up to US$11 billion worth of foreign reserves in several bank accounts in Singapore.
The figure was first mentioned by an independent financial researcher, who said that World Bank and Asian Development Bank (ADB) officials had provided him with estimates of Buma’s overseas reserves.
It is believed that the billions of dollars were stashed in Singapore by Burma’s former military junta, which for many years earned...
UK Government Offers Help for Burma’s Electricity Industry
The British government says it wants to encourage UK firms in the electricity industry to offer help and investment in Burma.
“Burma faces a huge power challenge as it seeks to harness its growth potential over the next few years. However, many parts of the country still face frequent blackouts, with current power generation capacity standing at 3,500 MW [megawatts],” said a London government statement following a visit to...
When he visited Myanmar earlier this month, United States Deputy National Security Advisor for Strategic Communications and Speechwriting Ben Rhodes laid out the US vision for Myanmar in one sentence: “We see the story as just beginning.”
But Mr Rhodes and his colleagues in Washington are more than aware that Myanmar’s story is not beginning now, in 2013. Nor did it begin in November 2012, when President Barack Obama swept into Yangon to plant a kiss on the cheek of Daw Aung San Suu...
Football is the most popular sport. Another sport is Chinlone, where players pass a ball around without using their hands. The focus of this game is not competition, but rather how beautifully one plays it. Lethwei, a... ... More
