Meet the New Rich…in Myanmar

YANGON, Myanmar — On this balmy Saturday evening at Yangon’s Wardan jetty, dock workers have momentarily stopped loading and unloading crates from rickety fishing boats. Vegetable sellers that line the dusty road by the Yangon River are sitting quiet, and trishaw drivers, too, have stopped shouting out at passersby to offer them rides. Instead, they […]

How does one get off the US Sanction List?

Based on the discussion that I had with a US Embassy official in Yangon on their recent activity in inviting Myanmar people (eg Tay Za of Htoo & Company and Steven Law of Asia World) on the OFAC SDN List for a discussion on what they can do to remove themselves from the SDN List […]

Path clear to conclude historic energy block tender in 2014

The past 12 months could be considered a watershed year for Myanmar’s energy sector, as the oil and gas industry saw unprecedented foreign interest. Myanmar’s proven natural gas reserves, some 7.8 trillion cubic feet, were revealed at the World Economic Forum in Nay Pyi Taw in June, but potentials of 0.42 trillion cubic feet of […]

Myanmar awards telco licences to Telenor and Ooredoo

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. After months of hard work, speculation and almost disappointment – the winners of the 2 telco licences have been announced by Myanmar Ministry of Communications and Information Technology. What is remarkable is that both Norway’s Telenor and Qatar […]

Zaw Zaw – How a Myanmar tycoon is profiting from change

Zaw Zaw, one of Myanmar’s most successful and notorious businessmen, likes to pick his way at odd hours around the hulking skeleton of his new hotel, rising beside Yangon’s main airport road. The 366-room Novotel holds a story of how one man, who remembers being too poor to afford a soccer ball, built an empire […]