Japan to offer Myanmar ¥100bn in loans

TOKYO – Japan plans to offer ¥100 billion (US$995 million) in loans to Myanmar for infrastructure development, a Japanese government source said on Friday. It is the first such offer by Tokyo since the longtime opposition party led by Aung San Suu Kyi took office in March. Prime Minister Shinzo Abe plans to make the […]

Myanmar to ease restrictions on foreign investors

Reforms to Myanmar’s corporate law would allow foreigners to participate in the Yangon Stock Exchange. YANGON — Myanmar is determined to pass by the end of the year a series of bills designed to ease restrictions on foreign capital as the newly established civilian government steps up efforts to attract outside investment. The government had […]

New customs system scheduled for November

The government aims to have an automated cargo clearance system adopted by all customs departments in Yangon by November, before possibly extending the program to the country’s land border points, an official has told The Myanmar Times. The Myanmar Automated Cargo Clearance System (MACCS) is being rolled out between August and October, and will make moving […]

Myanmar’s Mandalay to implement 7-year water treatment plan

YANGON, July 4 (Xinhua) — Myanmar’s second largest city of Mandalay will implement a waste water treatment plan which will start this fiscal year and take seven years to complete, official report said on Monday. The plan will be launched with a loan of 70 trillion kyats (60 million U.S. dollars) from the Asia Development […]

How ASEAN is adapting to a democratic Myanmar

Aung San Suu Kyi will land in Bangkok for the first time since her triumphant 2015 election victory on June 23. Her Thai military hosts know something about elections: They tend not to respect their outcomes. As Myanmar’s democratic icon knows well, if you want to do high-level diplomatic business in Southeast Asia then you […]

Meat demand rises in Myanmar

Meat consumption in Myanmar has grown due to an influx of tourists and investment, while a limited manufacturing base presents new opportunities for international suppliers. Almost 90% of Myanmar’s population are Buddhist and almost a third live below the poverty line, factors which have historically kept meat consumption levels low. Also, Myanmar consumers have tended […]

Myanmar’s leaders target ASEAN ties with first foreign trip

VIENTIANE — Myanmar President Htin Kyaw and de facto leader Aung San Suu Kyi’s choice of Laos for their first trip abroad reaffirms the new administration’s focus on building ties with the rest of Southeast Asia. Suu Kyi, acting as state counselor and foreign minister, accompanied Htin Kyaw in talks with his Laotian counterpart, Bounnhang […]

Roads can convert Myanmar from economic void to hub

  YANGON — Once regarded as “Asia’s missing link,” Myanmar is undergoing a road construction boom. Seen as vital for economic development, arterial roads are being planned and built with greater urgency, and advances in democratization as well as cease-fires with ethnic minority rebels have sped projects along. The construction of roads connecting Myanmar with […]

Direct flights to open between Yangon and Yogyakarta

Direct flights between Yogyakarta and Myanmar will start this year with the aim of boosting the number of tourists from Myanmar visiting the city and other places in Indonesia, reports the Jakarta Globe on February 11. Indonesia’s ambassador to Myanmar Mr Ito Sumardi told media that only dozens of tourists from Myanmar visit Indonesia each […]

Myanmar hosts biggest gathering of world leaders since reforms

US President Barack Obama heads a stellar cast of dignitaries including Indian Prime Minister Narendra Modi, his Japanese counterpart Shinzo Abe and Chinese Premier Li Keqiang due in Naypyidaw for the Association of Southeast Asian Nations (ASEAN) and East Asia summits. NAYPYIDAW: Myanmar kicked off Wednesday (Nov 12) its biggest gathering of world leaders since […]