CBM to monitor Myanmar investment overseas

The Central Bank is hoping the new government will support a law that requires all residents with overseas bank accounts to submit regular reports to the monetary authority, which would allow it to collect better data on capital flows, offshore holdings and Myanmar investment overseas. Under the Foreign Exchange Management Law, residents and companies are […]

China seeks ‘new chapter’ in first visit with Myanmar’s Suu Kyi

HONG KONG – China and Myanmar pledged to open a “new chapter” in their sometimes strained relationship, raising the prospect that stalled Chinese investment projects in the Southeastern Asian country could be allowed to resume. Aung San Suu Kyi, head of Myanmar’s ruling National League for Democracy and newly installed foreign minister, and her Chinese counterpart, […]

New Myanmar government brings challenges for Tokyo

With Wednesday’s installation of a new government in Myanmar that will effectively be led by pro-democracy icon Aung San Suu Kyi, the Southeast Asian nation has arrived at a crossroads in its relationship with Japan. After more than 50 years of military rule, Htin Kyaw, a key aide to Suu Kyi, took over the same […]

Experts warn Myanmar’s opposition victory could affect Japanese businesses

In the wake of Myanmar’s ruling party conceding defeat to Aung San Suu Kyi’s opposition forces in the nation’s first free general election in 25 years, Japanese experts say it could have mixed repercussions for Japanese companies investing there. “We lost,” Union Solidarity and Development Party (USDP) leader Htay Oo, a close ally of President […]

Myanmar’s Gradual Embrace Of The Coke Trade

An illicit trade in Coke was quietly sustained for more than 60 years in Myanmar, serving the country’s elite and providing a living for a few bold smugglers. Only the wealthy could afford to shell out as much as $2.99 for a red can smuggled in from neighboring countries and sold in the country’s very […]

Japan-Myanmar business ties strengthen

In a sign of continued trade interest from Japan, the Japan External Trade Organisation (JETRO) will stage an exhibition next month geared at promoting a variety of products from the long-time partner nation, officials said. Japan Festival 2014 will be held in Yangon at Tatmadaw Hall February 7 to 10 and will showcase Japanese-made electrical […]

Myanmar’s power supply problems hurt growth

The opening up of Burma’s economy has generated feverish excitement among international investors. With a population of 60 million, a wealth of natural resources, and a need for just about everything, Burma, also known as Myanmar, is one of the world’s last untapped markets. And yet, while foreign direct investment has increased substantially since most […]