Illegal Myanmar Teak Importation Widespread to EU, Investigation Finds

The Environmental Investigation Agency (EIA) released allegations Tuesday about what it says is the illegal importation of Burmese teak from Myanmar to the EU. In a two-month undercover investigation, staff from EIA, a UK-based campaigning organization, posed as prospective buyers and approached nine importers working in five EU countries. In a brief, the organization reports […]

Telenor Group reports second quarter results, Myanmar growth

The Norway-based Telenor Group has reported positive second quarter results including continued growth in its mobile phone outreach in Myanmar, a country in the throws of a communication revolution after decades of military regime rule. Telenor and Ooredoo are the two main players competing in the largely virgin Myanmar market, helping everyone from farmers, to […]

Japan’s Weathernews opens Myanmar post

YANGON — Weathernews has opened a location here in Myanmar’s biggest city to process and produce content for its mainstay business of global climate information services for shipping companies. The company, based in Chiba Prefecture, collects and analyzes meteorological information from seas worldwide to provide weather information that helps shipping companies with tasks such as choosing safe […]

Yangon jetty plan under fire

The Lower House will discuss a proposal urging the government to suspend the construction of a jetty project on a 20-acre plot owned by the Myanma Port Authority (MPA). MP Tin Maung Win for Seikkan Township submitted that proposal, saying that round-the-clock container loading may shake Botataung Pagoda and would disrupt worship. “The President’s Office […]

Bottles Hit Shelves as Carlsberg Plays Catch Up

Carlsberg Myanmar will introduce two of its brands of beer to store shelves this week, as the business attempts to loosen Myanmar Beer’s grip on the local market, the Danish brewer said. Yoma Beer and Tuborg Beer, produced in Myanmar with domestically grown grains but other materials imported, are already available in draught form. The […]

EU investments set to surge after protection deal

Investments from the European Union member countries are likely to surge after signing of the EU-Myanmar investment protection agreement, said a senior EU official. Antonio Berenguer, EU’s head of trade and economic affairs, said that the agreement would encourage investment from Europe by improving legal certainty and predictability surrounding investments. “This agreement aims to provide […]

Political parties wary of foreign election aid

Pledges of financial assistance by six Western governments and the European Union in the run-up to November’s general elections have left political parties confused over who will benefit and the legality of foreign aid. A joint statement on March 3 by the EU and six embassies in Yangon said that as “development partners” they would […]

Myanmar an option for Indian textile entrepreneurs

Favourable government policies, low wages, shorter sea route and growing garment exports make Myanmar an attractive option for Indian textile entrepreneurs, says Rajesh Kumar Shah The garment sector in Myanmar has grown enormously since the lifting of economic sanctions by Western nations in 2012, after a gap of 15 years. Today, it employs over 250,000 […]

Norconsult sets sights on global market

It is a challenging time for the global environmental consulting and wider support services sector. However, the Nordic region appears to be bucking this trend somewhat and certainly seems to have avoided the doldrums suffered elsewhere in Western Europe over the last few years. Identified by the Swedish Federation of Consulting Engineers and Architects in […]

Denmark Writes Off $51m Myanmar Debt

Denmark cancelled Myanmar’s debt worth $51 million last week in a string of debt cancellation from Western governments and financial institutions over the last two years, a sign of normalising relations between the West and the once-banished Southeast Asian country. During a visit to Myanmar’s capital Nay Pyi Taw, Danish Minister for Development Cooperation Rasmus […]