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 […]

Myanmar to draft two new investment laws

Japan remains committed to Myanmar Japanese companies invested US$22.8 billion in Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam in 2013, according to the Japan External Trade Organisation (JETRO). The trend is strong, following the first wave of Japanese investment in the 1980s and 1990s, which helped build up automotive and electronics sectors in Thailand, […]

Myanmar workers prefer to work in Thailand

Large-scale commercial building projects in Rangoon are reportedly being delayed by a shortage of skilled labor because Burmese workers still prefer jobs in Thailand. More than 2 million migrant workers remain in Thailand, where there are frequent reports of abuse and cheating by employers and job agents, and thousands of Burmese also choose to endure […]

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 […]

Investors Needed to Link New Hanthawaddy Airport to Yangon

Financial backing from the private sector is needed to link Burma’s proposed new international airport at Hanthawaddy with Rangoon, the country’ biggest city, government officials said. “We propose a highway and a high-speed train to Yangon,” Kyaw Soe, an official at the Department of Civil Aviation, told The Irrawaddy. Unable to put a number on […]

Japanese entrepreneurs to visit Myanmar for potential investment

Business people from over twenty Japanese firms will visit Myanmar to explore investment opportunities, according to Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). About 50 business people from 20 industrial sectors, such as machinery, electric and power, construction and garment, will be led by the Executive Vice President of Japan External […]

Low Wages in Burma Threaten Thailand’s Hold on Japanese Investors

Japan’s Prime Minister Shinzo Abe (front, second left) visits the Myanmar International Terminals Thilawa (MITT) port outside Rangoon on May 25, 2013. (Photo: Reuters) Japan’s industrial investors stayed with Thailand through the army coups, the Bangkok-paralyzing massed Red-Shirt protests, and the mismanaged floods of 2011 that swamped so many Japanese-owned factories. But a huge labor […]

Japan ‘Making Up for Lost Time’ in Burma

Japan will lend Burma US$504 million and will cancel $1.74 billion of Burmese debt as part of a series of weekend deals that included a pledge to push development of a proposed port and commercial zone at Thilawa, a half-hour drive from downtown Rangoon, Burma’s commercial capital. Making the first visit by a Japanese prime […]