Yangon govt targets ‘failing’ power firms

Regional officials say they will investigate performance at private electricity providers and if necessary, cancel contracts signed by the former government, as frequent power outages continue across Yangon and frustrations are vented through social media. Four private companies signed with the previous administration to supply power to the city. They are not performing as expected, […]

Business lobby calls for U.S. to drop sanctions on Myanmar

WASHINGTON — The U.S. business lobby says it is high time to drop the remaining U.S. sanctions on Myanmar, but human rights activists and U.S. lawmakers say not so fast. Former political prisoner Aung San Suu Kyi is now running the government after winning elections. Still, the military continues to wield considerable power. That poses […]

Frontier Markets: Myanmar, Explosive GDP Growth

The reason I’m revisiting Myanmar is because recently the State Bank of India (SBIN), together with the Vietnam Bank for Investment and Development, Taiwan’s E SUN Commercial Bank (2884:TT), and South Korea’s Shinhan Bank, were all granted permits to operate in that country. Last year, the first round of permits were granted to ANZ Banking […]

Capital Diamond Star Group receives honour from World Economic Forum

Domestic conglomerate Capital Diamond Star Group (CDSG) is one of the first Myanmar companies to be chosen as a Global Growth Company by the Global Growth Company(WEF), according to David Aikman, head of new champions at the WEF. Firms are selected based on their leadership potential in the global economy, with criteria evaluating the firm’s […]