Aung San Suu Kyi Woos Tycoons in Naypyidaw Meet-Up

NAYPYIDAW — State Counselor Daw Aung San Suu Kyi reassured some of Burma’s most prominent tycoons that their place in Burma’s economy and society was secure, so long as they backed government policy, left themselves open to scrutiny, and “worked for others.” She stressed that her intention was not to dwell on the past, expressing […]

Myanmar Automobile Development Public Co., Ltd to register at YSX

Myanmar Automobile Development Public Company Limited will soon register at the Yangon Stock Exchange (YSX) in hopes of becoming a publicly listed company, it is learnt from the company’s second annual general meeting held at UMFCCI on 24th September. Public companies are allowed to sell and trade shares of stock. There are currently three companies […]

Korean Investment in Burma Likely to Increase

RANGOON — After a delegation from the well-known South Korean Daewoo Group of Companies met with Burma’s outgoing president on Tuesday, there is speculation that the country plans to increase investment in Burma. During the meeting between Thein Sein and Daewoo CEO Young-Sang Kim, the topics of discussion included investment in Burma’s hotels, energy, mining […]

World Bank Forecasts Drop in Burma’s Economic Growth

RANGOON — A World Bank report released Monday estimated that Burma’s economic growth for the 2015-16 fiscal year would slow, due in part to recent flooding and a slowdown in new investment. According to the Bank’s latest “East Asia and Pacific Economic Update,” Burma’s economy grew at 8.5 percent in real terms for the 2014-15 […]

Myanmar mulls left-hand drive car law

YANGON (AFP) – Myanmar plans to make left-hand drive cars compulsory, state media reported Sunday, causing concern in a country where the vast majority of vehicles remain right-hand drive despite cars driving on the right. The law is an attempt to correct one of the more unusual legacies of decades of junta rule. More than […]

Embattled Motor Vehicle Law to Become Public in September

In order to inform the public about the draft Motor Vehicle Law, the Myanmar Motor Vehicle Producers and Distributors Association will publish a draft of the law by the end of September. Comments and suggestions from the public will be allowed to revise the draft law, Dr Soe Tun, chairman of the association, said. “The […]

6,000 Tonnes of Rice to Be Shipped to Japan This Month

Myanmar will export 6,000 tonnes of rice to Japan this month, according to Myanmar Rice Federation (MRF). This is the second time Myanmar is going to export rice to Japan after Japan agreed to import rice from Myanmar for the first time in 40 years in 2013. In 2013, Myanmar won the tender to export […]

Rice exports fall short of 2.5 mln tonnes against target

Rice exports are falling short of 2.5 million tonnes against the set target of 3 million tonnes for this fiscal year. “Myanmar exported just over 410,000 tonnes of rice during the last eight months. It is half of the figure of the same period last year,” said Dr Soe Tun, secretary general of Myanmar Rice […]