GDP growth not enough for economic progress

The advent of new government is likely to provide a short-term boost to GDP, but long-term inclusive economic growth will be more difficult, said government officials and economists at a conference this week. The two-day conference, held on January 11-12 at the Yangon Economics Institute, was titled “New Myanmar beyond 2015: The need for a […]

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 […]

Hitachi Established Hitachi Myanmar Laboratory at University of Information Technology, Yangon

Hitachi, Ltd. (TSE:6501, “Hitachi”) announced today that it has established Hitachi Myanmar Laboratory at the University of Information Technology, Yangon (UIT) (Rector: Saw Sanda Aye, Ph.D.) to develop Myanmar’s next generation of IT leaders. In addition to sending engineers from Japan to offer IT courses for UIT professors and students, Hitachi will also donate the […]

Myanmar garments to get US boost

Aung Thein, vice president of the Myanmar Industries Association and managing director of Nibban Electronics, welcomed the move, saying it would boost exports to the US and strengthen local industries. Garment factories would reap the most from the decision, he said. “For the time being, some well-known brands like H&M have been making some of […]

VPower Awarded Two New Gas-based Distributed Power Projects in Myanmar

VPower Group, one of the fastest growing fast-track distributed power providers just signed two power generation contract arrangements with Myanmar’s state electricity enterprise, for the Economic Zone of Kyauk Phyu and key industrial city Myingyan, both for over the period of five years. VPower Group Logo In Kyauk Phyu, VPower will be doubling the power […]

Yangon hotelier with the Midas touch

International hotel chains have descended on Myanmar but that has not deterred one local chain, Clover Hotels Group, from aiming to open 15 hotels in 10 years. “Most of our hotels will be opened in Yangon but we hope to open at least one hotel in each of the major tourist destinations,” managing director Nay […]

Australia’s business know how could boost Myanmar

AUSTRALIA’S expertise in agriculture, mining and education is seen playing a key role in Myanmar once Aung San Suu Kyi’s National League Democracy (NLD) takes power next year. MACQUARIE University academic Sean Turnell, an informal advisor to the NLD leadership, says agricultural reform will be a key priority once the government takes power early next […]

Politics and frontier property markets

Myanmar’s election held on November 8, deemed as the country’s first free election in 25 years, caught the attention of people around the world as Aung San Suu Kyi’s National League for Democracy won by a landslide. Considering the date from the Directorate of Investment and Company Administration (DICA) indicating the rise in the real […]

Myanmar set for 8.3% growth spurt: ADB

The Asian Development Bank predicted economic growth in Myanmar will surge by over eight percent for the next two years as it urged the nation to press on with reforms before landmark elections, in a press release on March 24. Myanmar, which has implemented broad economic and political changes since a half-century of military rule […]

Low Wages May be Myanmar’s Selling Point, But Skilled Labour Shortage Deters Investors

When the minimum wage standard established by the Ministry of Labour, Employment and Social Security (MoLESS) comes into effect, the capacity of the labour force also needs to increase accordingly, according to a survey by job site The survey referred to the International Labour Association’s (ILO)’s 2014-2015 global wage report, which revealed that the […]