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Business confidence in Myanmar sinks as scepticism mounts
More European businesses say they have lost confidence in Myanmar due to concerns about the National League for Democracy-led government’s management of the economy compared to the last two years, a...
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Myanmar’s economy depends on Rakhines stability: trade body
Despite rich resources and good geographical location, Rakhine State has many challenges to overcome if it is to attract foreign investments, people in the business community say. “Foreign investments...
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Facebook among firms named on Myanmar human rights ‘dirty list
Facebook is among a number of companies from the US, UK, France, Switzerland and China named on a “dirty list” of corporations accused of involvement in human rights and environmental violations in...
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Log exports to be permitted to lure timber plantations
The Forest Department under the Ministry of Natural Resources and Environmental Conservation has been planning to permit the export of logs harvested from private timber plantations, U Tin Tun,...
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Posco Daewoo to invest $94.2 mn for gas well development in Myanmar
Posco Daewoo Corp., the energy development unit of South Korean steelmaker Posco, will develop new subsea wells for stable gas production near its offshore production base in the A-3 block in Myanmar...
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Why tourists should not boycott Myanmar
After tweeting about a recent visit to the country, the Silicon Valley executive faced a backlash from followers about ignoring the plight of the Rohingya Muslims Should tourists stop visiting...
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Protests and demonstrations a key concern for extractive companies
Protests and demonstrations pose a serious security threat to the oil and gas industry as well as mining sector in Myanmar, a recent poll among industry players showed. Yangon-based Myanmar Centre for...
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Why Myanmar matters so much for India
President Ram Nath Kovind will be on a four-day state visit to Myanmar starting on December 10. This will be the fifth high-level visit between the two countries in the last four years. Prime Minister...
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India hands over 50 housing units in Rakhine province to Myanmar
India has handed over 50 housing units in the Rakhine province to Myanmar on Tuesday during President Ram Nath Kovind’s maiden visit to the country. The housing units are part of a bigger...
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EU’s threat to scrap trade preferences spurs Myanmar’s reforms
Economic reform is getting a second wind in Myanmar as the government tries to lure back foreign investors scared away by reports of human rights abuses against the country’s Rohingya Muslim minority....
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Myanmar’s organic vegetables make their way to Singapore’s NTUC Fair Price
Organic vegetables from Myanmar have made it to the shelves of Singapore-based supermarket chain NTUC Fair Price, according to the Myanmar Fruit, Flower, and Vegetable Producers and Exporters...
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Foreign insurance firms may start operations by April 2019: regulator
Qualified foreign insurance providers will receive licenses to operate in Myanmar by April next year. “I can assure it is happening within the next 16 weeks,” U Thant Sin, Director of the Financial...
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Thrice-weekly Hangzhou-Yangon Flights launches
Yangon International Airport (YIA), Myanmar’s largest and busiest airport, announced yesterday that it has begun flying travellers directly from Hangzhou to Yangon, China, thrice a week via Sichuan...
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Myanmar continues efforts to generate international demand for local gems
The Second Yangon International Gems and Jewelry Fair is set to take place in Yangon’s Lotte Hotel from January 9 to 13, according to the Gems and Jewellery Entrepreneurs Association The association...
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Plans to Accept $79M French Loan Shelved
NAYPYITAW—The Union Parliament on Thursday voted down the government’s proposal to receive loans worth 70 million euros ($79.3 million) from the French Development Agency (AFD). Just 34 votes were in...
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AirAsia still planning to enter Myanmar
Low-cost airline AirAsia remains committed to expanding into Myanmar as part of its regional strategy in Indo-China, Riad Asmat, the firm’s CEO, said. “Indo-China is still very untouched in terms of...
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‘Tone from the top’ crucial in anti-corruption: DICA
There is a lack of awareness about the transparency and corporate governance aspects of the new Companies Law, according to a senior government official, who argued for the importance of tone from the...
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Fisheries ministry needed for sector development and better exports
The Myanmar livestock and fisheries sectors have not lived up to their potential under the remit of the Ministry of Agriculture, Livestock and Irrigation and needs to be a separate ministry in order...
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AI has started cleaning up Facebook, but can it finish?
IN THE EARLY hours of Aug. 25, 2017, a ragged insurgent group from Myanmar’s Rohingya Muslim minority attacked military outposts in the country’s northwest, killing 12 people. Security forces quickly...
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Young Yangon entrepreneurs get business skills boost in Myanmar
Students, entrepreneurs and businesswomen were among the first graduates of an UNCTAD entrepreneurship training course held in Yangon, Myanmar, in partnership with the United Nations Development...
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