Suu Kyi’s novice MPs learn ropes in outgoing Myanmar parliament

Hundreds of newly-elected Myanmar MPs from Aung San Suu Kyi’s party took lessons in lawmaking from the outgoing army-dominated parliament on Wednesday (Jan 27), days before taking their seats in the most democratic legislature for decades. A landslide victory for Suu Kyi’s National League for Democracy (NLD) in November polls will give the politicians their […]

Pattko Alleges Foul Play in Economic Zone Tender; Calls for Re-examination

Pattko Global Development Company, which was one of the bidders for the tender of the second central economic zone project in Yangon, has alleged opaqueness in the tender awarding process and called for re-examination. The company said that the country has lost billions because of offering low rental rates to the winner. U Tin Hlaing, […]

MTSH Won’t Sell Thilawa Zone B Shares Yet

Myanmar Thilawa SEZ Holding (MTSH) Public Limited will not sell its ‘Zone (B)’ shares in the near future, according to the company’s second annual general meeting. There are three zones in the Thilawa Special Economic Zone development – Zone (A), Zone (B) and Zone (C). A total of 2,145,000 shares for Zone (A) have already […]

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 […]

Ruby miners leave Mogok as Chinese demand plummets

Traders in ruby-rich Mogok, Mandalay Region, have traditionally relied on custom from Chinese buyers, but over the past year businesses has become slower and slower, leading many miners to pack up and move to the quartz mines in Tanai township, Kachin State. The lacklustre market looks likely to continue at least until early next year, […]

Property Market Report in Mandalay, 2015

Primer Research Report Mandalay | Property Market 2015 Highway to Mandalay The city rises as a property investment Destination The famous poem by Rudyard Kipling immortalized the city, making the name Mandalay more recognisable than the place itself. That situation is now slowly being addressed since Myanmar started the reform process in 2011. Mandalay, the […]

No let-up in illegal bus fare hikes

Fare-gouging is the worst problem in Yangon public transport, the head of the region’s transportation regulatory body said yesterday. Passengers are complaining that they are sometimes charged double the posted fare at night, or in heavy congestion. U Hla Aung, chair of the Yangon Region Supervisory Committee for Motor Vehicles, better known by its Myanmar […]

Saha cancels Myanmar estate

Saha Group, the country’s leading consumer product conglomerate, has scrapped plans to set up an industrial estate in Myanmar, citing high land prices in the neighbouring country. Chairman Boonsithi Chokwatana said the group decided not to develop its own industrial park on a 1,000-rai plot in Myanmar after studying the project’s potential for a few […]

Myanmar taps high-value tourism

BANGKOK, 8 June 2015: Myanmar’s priority is to tap high value tourism according to a Myanmar Tourism Marketing report during a briefing at the Thailand Travel Mart Plus 2015 late last week. The organisation’s marketing manager, Tin New Wynt, said tourism was earlier identified as one of the top five priority sectors in Myanmar to […]

Sri Lanka’s Commercial Bank begins Myanmar operations with opening of Yangon office

June 10, Yangon: The Commercial Bank of Ceylon opened its representative office in Yangon on Monday, 8th June, formally launching its operations in Myanmar, initially to offer Advisory Services to Sri Lankan and Bangladeshi businesses wishing to enter that country, and to arrange Banking and Advisory facilities, funds transfer and encashment services. Commercial Bank is […]