With Sanctions Eased, US Sees Economic Potential in Myanmar

STATE DEPARTMENT — U.S. officials are looking to boost economic engagement with Myanmar, a country that has been dubbed by some as “the final frontier” because it is one of the last markets largely untouched by Western companies. The United States imposed heavy economic sanctions on Myanmar in 1997 over the ruling military junta’s repression […]

Myanmar businesses want policies & directions from government

LOCAL businesses are pressing the government for national economic policies as they expect to know where the economy is headed and how they should prepare for the future. There are concerns the new government, which took office in April, has not yet revealed its economic policies. Businesses are also concerned that if the policies further […]

The Land Rush in Myanmar

After decades of military rule, Myanmar at last has a democratically elected government. Longtime opposition leader Aung San Suu Kyi’s party took charge in March, with her ally Htin Kyaw becoming president and the Nobel laureate herself serving as foreign affairs minister. In response, the U.S. last month announced a partial rollback of economic sanctions […]

Myanmar welcomes US move to ease more sanctions

YANGON – A US decision to pare back economic sanctions on Myanmar could unclog investment as the country claws its way out of poverty, Aung San Suu Kyi’s civilian government said Wednesday, welcoming the move. Suu Kyi’s party took power in March after clinching a majority at last year’s election, the freest in generations for […]

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 […]

Myanmar’s economy opens doors to big brands

From fast food giants to coffee chains, tobacco companies and garment makers, Myanmar’s emerging economy is opening up to the world’s biggest brands It is just after 2pm at the newly built Pizza Hut on Yangon’s Dhammazedi Road. Clusters of staff throng around the entrance and waiters’ station as businessman Sein Min, who also goes […]

Ajinomoto to return to Myanmar

TOKYO — Ajinomoto plans to relaunch production and sales of its namesake seasoning in Myanmar in 2017, hoping to tap demand in the rapidly growing Southeast Asian market. The Japanese seasoning company halted operations there in 2000, when the country was still ruled by a military junta. The maker of the Aji-no-moto seasoning and other […]

Yangon’s struggling industrial zones need support: interview

Yangon’s industrial zones have been left largely to fend for themselves while the government focuses instead on trophy projects such as a new special economic zone at Thilawa, says U Myat Thin Aung, chair of Hlaing Tharyar industrial zone. Almost all the infrastructure that keeps factories functioning, including electricity, roads and sewers, is provided by […]

What Burma’s general election means for British business

Burma, the last major territory among the world’s most populous 25 countries to emerge from an extended period of enforced isolation, goes to the polls on Sunday in its first openly contested general election since 1990. More than 90 parties are standing in the election, the first since a nominally civilian government was introduced in […]

Myanmar is the Latest Destination for Fast Fashion Producers

As Myanmar opens up after decades of isolation, cheap labor is drawing a rush of garment manufacturers to the former pariah state. [This article was originally published by Glammonitor. Just five years ago, Myanmar was isolated from the rest of the world. Considered a pariah state, the Southeast Asian nation was ruled with an iron […]