Myanmar to launch single-stop inspections at borders with neighbouring countries

Single-stop inspections will be deployed at border gates between Myanmar and neighbouring countries to prevent illegal trade, said Union Minister for Commerce Dr Than Myint yesterday. The Union minister told Amyotha Hluttaw that discussions are ongoing with China and Thailand to launch the single-stop inspection system at border crossings. The system is aimed at avoiding […]

Myanmar’s objection may block Thai heritage claim

Overlapping of border cited as reason; Thailand has time until October to resole issue before seeking Unesco recognition for Kaeng Krachan forest. THAILAND FACES an uphill task pushing for inscription of the Kaeng Krachan Forest Complex (KKFC) as a World Heritage site after Myanmar raised concerns over boundary issues, but the Kingdom has until October […]

In Mon State, expanding quarries threaten farms

On a recent afternoon in May, the farmers of OhnTitbin Village Tract were tending to their betel nut and rubber plantations when a loud blast erupted at the foot of Kalama Mountain and shook the ground. Workers had set off an explosion in a local quarry located about 10 km away and a cloud of […]

Low-quality rubber holds back tyres

In Myanmar hundreds of thousands of hectares of land is leased to investors for rubber plantations, often in controversial circumstances. Just 8 percent of total production is used within Myanmar, with the rest sent to China, 70pc of which is low quality, said U Khine Myint, secretary of the Myanmar Rubber Planters and Producers Association […]

Momolay wants to take on Facebook in Myanmar, bags funding to take a shot at it

Myanmar is not an easy place to do business. Poor infrastructure, a highly unskilled labor pool, and an outdated financial system are only some of the challenges weighing on this once military junta-controlled nation. However, many investors are willing to overlook the negatives for fear of missing out on the vast opportunities Myanmar offers. The […]

ANZ’s Yangon branch wins approval

ANZ has received final regulatory approval from Myanmar’s central bank for the opening of a branch in Yangon . The decision clears the way for ANZ to open its office in Myanmar’s largest city on October 2. The new office will service multinational and joint venture companies with a presence in Myanmar, as well as […]

Panalpina opens office in Myanmar

Panalpina has opened its own office in Yangon, the largest city in Myanmar after working through agents for many years. The move follows the establishment of a civilian government in the country in 2011. “Panalpina has worked with customers in Myanmar for many years through dedicated agents,” said country Thorsten Harenberg. “We have been grateful […]

Export earnings rise in 2014-15 FY

Myanmar’s total export earnings for this fiscal year exceeded US$970 million more than last year’s earnings, according to the commerce ministry. Between April 1 and February 6, Myanmar earned more than US$4.8 billion from exports, including natural gas and finished industrial products. In the same period in the 2013-14 fiscal year, Myanmar’s total export earnings […]

Myanmar: too much speed will end in a crash

Our neighbour can avoid a development disaster by conserving its ‘treasures’ now After decades of isolation Myanmar has flung its doors open to the world to reveal a country overflowing with enormous opportunities. Unlike its neighbours, it need not worry about economic growth. In the eyes of investors, the country is one of the world’s […]

Asia Inc leads West in business in Myanmar

YANGON, Nov 5 – Asian businesses are gaining a foothold in Myanmar far quicker than those from Europe and North America, with China, Thailand, Hong Kong and Singapore accounting for nearly half of the firms setting up in the fast-changing country. According to the government’s Directorate of Investment and Company Administration (DICA), 134 Singaporean, 80 […]