China seeks ‘new chapter’ in first visit with Myanmar’s Suu Kyi

HONG KONG – China and Myanmar pledged to open a “new chapter” in their sometimes strained relationship, raising the prospect that stalled Chinese investment projects in the Southeastern Asian country could be allowed to resume. Aung San Suu Kyi, head of Myanmar’s ruling National League for Democracy and newly installed foreign minister, and her Chinese counterpart, […]

Capital Goods Make 40pc of Imports

An official from the Ministry of Commerce said that capital goods form the bulk of the country’s imports and industrially produced products form the largest portion of exports. Capital goods, also called producer goods, is used in the production of goods or services. These are usually heavy equipment such as excavators, forklifts, generators, metal-forming or […]

Chinese stampede upsets markets

Billions of dollars from opaque sources in China may be flowing into Myanmar each year, causing excessive volatility in areas such as the local real estate market, according to experts. Flows have increased recently as Chinese political and business leaders respond to efforts to curb corruption, causing many to look abroad to store their ill-gotten […]

Grocery stores on the move upscale

The United States is notorious for its big-box store culture, where huge supermarkets with ample parking drawing customers on a weekly basis. The traditional Myanmar shopping experience could not be more different, with consumers visiting their local small shops and markets nearly every day. Yet the rising middle class in Myanmar is driving changes in […]

Fish exports set to take a dive

Poor investment prospects and production could lead to a US$100 million shortfall in estimated fisheries exports this year, industry experts said. Fishery exports during the 2012-13 fiscal year totalled about $650 million worth of fish being sold to China, Thailand and as far as the Middle East and US, according to government data. This year […]

ASEAN free trade must consider development gap – Than Htut

Myanmar’s vice director of the ministry of national panning and economic development has said that the ASEAN region needs to renegotiate its free trade agreement to account for the development gap between richer and poorer countries. Than Htut was addressing the 25th high level meeting of the ASEAN Economic Community held at the Sedona Hotel […]

Yatanapon Teleport Plc to raise $1bn capital

Yatanapon Teleport is planing to raise a total capital of Ks 1 trillion (over US$1 billion) as it switched from a wholly state-owned enterprise to the public company, said a source close to the company. Yatanapon Teleport is one of the two local rivals against the two foreign mobile operators in Myanmar_ Norway’s Telenor and […]

Myanmar Firms Feel Pinch From Abroad

YANGON, Myanmar—The world’s biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people. But not everyone is happy. Some of the country’s biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now […]