Mining in Myanmar

Some are calling it “the world’s best up-and-coming mining spot.” And that’s worth noting because this tiny country has already proven itself as a host to massive, world-class mineral deposits — including the largest copper deposit in Southeast Asia. The country I’m talking about is Myanmar. Mining in Myanmar After 50 years of socialist and […]

U.S. Plans to Ease Myanmar Trade Sanctions

The U.S. Treasury Department is preparing to make it easier for American companies to do business through a port in Myanmar that is owned by a sanctioned company whose reclusive owner has close ties to the ruling military junta. Since July, U.S. banks have been wary of processing payments for trade through the main port […]

Myanmar’s former junta leader sees Suu Kyi as country’s ‘future leader’

Myanmar’s former junta leader sees Aung San Suu Kyi as the country’s “future leader” and has pledged to support her even though she is currently barred by the constitution from becoming president, his grandson said on Saturday. Than Shwe, who headed a military junta until he stepped down in 2011 and who many believe remains […]

ANA to acquire 49pc of Asian Wings

Japan’s All Nippon Airways (ANA) has announced it will acquire a 49 percent stake in a Myanmar airline, the latest foray into the rapidly-opening and potentially lucrative Southeast Asian market. Foreign firms have piled into Myanmar since the installation of a nominally civilian government in 2011, eager to make the most of opportunities in a […]

Number Of Myanmar’s Ultra-Rich Could Grow 687% In One Decade From 40 To 307

Just like Myanmar’s economy that is projected to multiply from the current $45 billion up to more than $300 billion by 2030, the number of super-rich in the poor Southeast Asian nation is set to increase at least six-fold in the coming decade, as the country embraces political and economic reforms. There are only 40 […]