India plans to set up SEZ in Myanmar

NEW DELHI: It is not just Iran’s Chabahar port and connectivity to Eurasia that has caught attention of the Modi government. India plans to set up a SEZ in Sittwe in Myanmar where it has already built a port. The proposed SEZ by India will rival Chinese SEZ located 80 km down of strategically-located Sittwe […]

Boldly going: the exotic ‘frontier’ markets that intrepid investors are tipping for take-off

It was 15 years ago that academics began to predict a shift in economic power from the old order of developed economies to the newly named “Bric” nations. Ever since, Brazil, Russia, India and China have been regarded as the coming powers, blessed with young populations, fast-urbanising societies and natural resources to fuel rapid growth. But the Bric […]

Armenians in Myanmar

YANGON, Myanmar — Myanmar is not the first destination that comes to mind while planning a vacation. It does not have the breathtaking skyline of Hong Kong or the amazing beaches of Thailand. It does not have the cultural gravitas of Paris or London. Until a friend had mentioned it, I had never thought much […]

How does one get off the US Sanction List?

Based on the discussion that I had with a US Embassy official in Yangon on their recent activity in inviting Myanmar people (eg Tay Za of Htoo & Company and Steven Law of Asia World) on the OFAC SDN List for a discussion on what they can do to remove themselves from the SDN List […]

Tracing the Last of Myanmar’s Once Influential Armenians

YANGON — A hand-drawn map showed the way to the colonial teak house that my Armenian grandmother’s family left behind when the Japanese captured Yangon in 1942. My relatives are thought to have hidden jewels in the well before fleeing the family home that was reportedly turned into a brothel during the Japanese occupation. Last […]

Marrybrown scores a first in Myanmar

Malaysia-based quick service restaurant operator Marrybrown Sdn Bhd became one of the first international company to open an outlet in Myanmar, according to Malaysian media reports. The company’s business development manager Joshua Liew told The Star that Marrybrown wanted to take advantage of the country’s open-door policy by becoming the first Malaysian quick service restaurant […]

U.S. Companies Investing in Myanmar Must Show Steps to Respect Human Rights

WASHINGTON — When the Obama administration lifted economic sanctions on Myanmar last year, encouraging American investments after decades of treating the nation as a pariah, it did so with a significant caveat. President U Thein Sein of Myanmar in the Oval Office in May, where he met with President Obama. For the first time, effective […]