High hopes for business zone on China-Myanmar border

An ambitious new economic zone at Myanmar’s largest trading point with China will bring new business opportunities for the two countries, officials and residents said at the project’s soft opening in Shan State’s Muse last week. Around 80 percent of Myanmar’s formal overland trade with China passes through a border point a few miles from […]

Roadside vendors to get space in markets, Yangon mayor says

Two-storey markets will be built near places where there are many roadside vendors, Yangon mayor Hla Myint said at the special session of the region parliament last week. Projects will be implemented based on the budget for the 2015-2016 fiscal year, he said, adding that the first level would be allocated to roadside vendors. “Yangon […]

Myanmar turns to Japan, Thailand to kick-start stalled Dawei

(Reuters) – Myanmar is set to wrest control of its Dawei industrial complex from Thai company Italian Thai Development over its failure to attract investors to a strategically located, multi-billion dollar project tipped as a game-changer for regional trade. According to two sources involved in the Dawei Special Economic Zone (SEZ), plans have been overhauled […]