Myanmar’s Kyat Gains Most in Asia as Democracy Takes Root

The ringgit’s run as Asia’s top currency didn’t last last long. It’s been overtaken by Myanmar’s kyat, long a laggard, as the region’s best performer this year. Myanmar is emerging from decades of isolation and military rule. Saktiandi Supaat, head of foreign-exchange research at Malayan Banking Bhd. in Singapore, says the kyat has benefited from […]

Can This Frontier Venue For NatGas Reel In Serious Investment?

After five decades of oil and gas exploration stagnation and mismanagement of natural resources under military rule, Myanmar (formerly Burma) in March elected its first non-military president since the 1962 coup, and if it all plays out right, it could open the floodgates for investment in this strategically vital oil and gas venue. On 15 […]

Ministry of Mines ready for handover

The Ministry of Mines has set its affairs in order and is ready to serve under the incoming government, director general U Win Htein told The Myanmar Times. All government departments are now preparing to receive the new ministers of the National League for Democracy government that will take over on March 31. At the […]

Myanmar Lawmakers Name Htin Kyaw President, Affirming Civilian Rule

NAYPYIDAW, Myanmar — Myanmar’s Parliament elected a confidant of Daw Aung San Suu Kyi as president on Tuesday, ending decades of leadership by the military and its allies. U Htin Kyaw, 69, won with more than half the votes. He was considered almost certain to take the presidency after his nomination last week by Ms. […]

Aung san suu kyis party rebuts fake Myanmar president release

YANGON (AFP) – Aung San Suu Kyi’s pro-democracy party on Monday (March 7) denounced as “fake” a widely circulated letter purporting to reveal its choice of proxy Myanmar president, as speculation over who will take the role reaches fever pitch. Suu Kyi and her National League for Democracy (NLD) have kept a tight lid on […]

Myanmar admits more foreign banks ahead of NLD accession

BANGKOK — Myanmar has given preliminary operating licenses to four more foreign banks, following the government’s decision in late 2014 to grant licenses to an initial nine foreign banks. The move — just before a new administration led by Aung San Suu Kyi takes over on April 1 — highlights a rush by the incumbent […]

How ASEAN should navigate a tricky 2016

Many turbulent events in 2015 were symptoms of a world lacking in optimism and growth, and facing possible changes in the global order. Even as social and economic uncertainties continue, competition is increasing among major powers, especially between the US and China. There is not much that smaller countries can do to directly change these […]

From icon to politician – As Myanmar changes, so does Suu Kyi

When Myanmar’s Aung San Suu Kyi spoke warmly on a recent radio show about a critical meeting that followed her landslide election victory, she was referring to talks with the very man who had detained her for 15 years. Listeners might have been surprised by the Nobel peace laureate’s gentle tone towards Than Shwe, former […]

Myanmar Business Leaders Fear Election Will Slow Key Reforms

Myanmar’s ministers are trying to reassure foreign businesses that political uncertainty during the election period, which will probably last until March 2016, will not disrupt their investment plans there. So far, businesses remain unconvinced. Many key ministers have stepped down from their posts to contest the country’s November 8 election, which will be the most […]

Suu Kyi party manifesto pledges “dignified” Myanmar military role

NAY PYI TAW: Myanmar’s main opposition party has launched an election manifesto that pledges to retain a “dignified” role for the military as a defender of democracy and consolidate government ministries to save costs. Aung San Suu Kyi’s National League for Democracy (NLD) published the 28-page document late on Monday (Sep 14) ahead of a […]