Myanmar commercial capital to get $293 million rail upgrade

YANGON – Myanmar has approved the overhaul of a circular rail system in its commercial capital, Yangon, in a step towards modernising a city choked by traffic jams and under pressure from an influx of migrants lured by an expanding economy. The US$207-million (S$293 million) Japan-funded upgrade to the 48-km (30-mile) system will focus on […]

Low Labor Cost Ranks Burma among Top Countries for Investment

Burma has been named one of the five best countries in the world for cheap labor, making it much more attractive for manufacturing investment than neighbors China and Thailand. “Businesses with supply chains and operations in [Burma], Bangladesh and Cambodia are benefiting from the world’s lowest labor costs,” a study by analysts Verisk Maplecroft said. […]