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 ]
A draft law in Myanmar that is intended to help farmers by setting minimum prices for crops may actually threaten to cripple them as well as undermine efforts to unleash the economic potential of a country that once was the world’s top exporter of rice.
“A price-support policy imposes artificial incentives and market distortions that can lead to inefficient decision-making by farmers, traders and consumers, which in the long run can have detrimental effects on welfare and broader...
Sean Danley has spent the past six months in Yangon scouting office space for his U.S.-based employer, which wants to open an outpost in Myanmar. He checked out the city’s three office towers. Annual rents in those buildings, none of which is taller than 27 stories, now surpass $100 a square foot, higher than the $75 average for downtown Manhattan, according to broker CBRE Group.
The Yangon villas Danley considered didn’t have safety exits and required sharing space with other companies...
Myanmar rice traders have announced that Japan has offered to import high quality rice from Myanmar for the second time in 46 years. It is a good opportunity for Myanmar’s rice industry. However, rice production may not be enough for exportation if the Government do not step up efforts to assist farmers.
Chit Khine, Chairman of the Myanmar Rice Federation, said that most farmers do not have access to agricultural loans and are unable to grow paddy. More than 100000 acres of paddy fields...
Myanmar will on Wednesday turn four border checkpoints with Thailand into gateways for international visitors, immigration officials said Tuesday.
Starting 8 a.m. Wednesday, any foreign national holding a valid passport with a valid entry visa issued by Myanmar will be allowed to enter and exit the country through the border checkpoints at Tachileik-Mae Sai, Myawady-Mae Sot, Kawthoung-Ranong and Htee Khee-Punaron, they said.
Currently, for foreign nationals entering via those checkpoints,...
Myanmar is to expand its cooperation with China in a broad range of areas, including agriculture, trade, tourism and border management, U Thant Kyaw, Myanmar's deputy minister of foreign affairs, said in an exclusive interview with China Daily on Monday.
He made the comments during a visit to Kunming, provincial capital of Yunnan, for the First China Yunnan-Myanmar Cooperation Forum.
During the event, Myanmar agreed to establish a new coordination mechanism with Yunnan, aiming to improve...
According to the United Nations Population Division, the country’s rural population makes up more than 66 percent of the total, much higher than the world average of 49.5%. Many are farmers who have suffered from the years of sanctions. But amid growing foreign investment, the government now plans to put more tools into their hands to improve the country’s economic future. Roee Ruttenberg reports.
This used to be called the Rice Bowl of Asia. A richness in the soil that brought a...
Myanmar is planning to export more fishery and marine products to the EU after 14 local factories seek export permits, according to officials from the Fishery Department.
"Our Fishery Department supports those factories if they are up to EU standards and quality. Currently, the four cold factories are trying to get marine products export permit to EU countries," said Tint Wai, Assistant Director for the Fishery Department told to Daily Eleven.
The factories need the certificates of Good...
When Singapore lawyer Chester Toh starting working in Yangon, Myanmar's commercial centre, 18 months ago, his commute to the centre took 15 minutes; now it's a 45-minute slog through increasingly clogged streets.
Call it the price of progress, or reform to be more exact.
Toh, a partner at law firm Rajah & Tann, told The Straits Times during a recent visit home: "Back then, the roads had old rickety vehicles moving at a really slow pace, not much traffic. Now you see a lot of brand new...
China's imported gas supplies from Myanmar are expected to be cheaper than some existing sources in the local domestic markets in southwestern Yunnan and Guangxi provinces, despite being relatively more expensive than overall domestic Chinese gas, sources said Friday.
This is because Yunnan and parts of Guangxi now use more expensive onshore LNG, which has to be liquefied from other domestic fields and trucked to end-users.
China Gas Holdings, an independent gas distributor, believes that...
Farmers in Myanmar on Tuesday drew up a list of 17 demands they plan to submit to legislators in a bid to amend the country’s land laws and provide greater protection against forced evictions, a representative said.
They want an end to the arrest of farmers protesting against land grabs or of activists defending their cause, and propose that the government offer them outright compensation instead of compassionate aid for giving up their land.
The demands, which the farmers want...
It is now quite easy to make international direct phone calls and to send faxes, email to worldwide. Internet access is available in most tourist destinations in Myanmar.
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