Garment Exports Jump More Than Threefold in 2016-17FY

Garment sector’s export volume during the five months of 2016-17 reached $512 million compared with the same period last year, according to Ministry of Commerce. “Until September 9, garment export reached $745.49 million. Last year in this season, the export reached $232.81 million. In last year August, we aimed to boost the export volume, and […]

Myanmar’s Strongest Ethnic Armed Group Says Drug Label ‘Not Fair’

PANGSAN, Myanmar: Myanmar’s most powerful ethnic armed group, accused by the United States of running a narco-empire that has flooded Asia with illegal drugs, has rejected the allegation, saying Washington has blacklisted its leaders for political reasons. The United Wa State Army (UWSA) boasts some 30,000 soldiers who control a secretive, China-dominated statelet the size of Belgium in the remote hills on Myanmar’s eastern border. After decades of […]

US Embassy in Yangon announces US$10million loan programme for Myanmar SMEs

State Counsellor Daw Aung San Suu Kyi’s visit to the United States illustrated the strong and growing friendship between Myanmar and the US, said US Ambassador to Myanmar Scot Marciel during a news conference at the US Embassy in Yangon yesterday. “The United States is committed to supporting the people of Myanmar and their government […]

Wary of China, India Moves to Woo a New Myanmar

Days after Aung San Suu Kyi made a high-profile trip to China as foreign minister of Myanmar, Indian External Affairs Minister Sushma Swaraj visited Mynamar in the first high-level visit from India after the civilian government assumed office in Naypyitaw. Myanmar’s President Htin Kyaw is on a four day visit to India as well this […]

Myanmar Coffee Will Hit Whole Foods As an Economic Opening Continues

Poor diplomatic relations between the U.S. and Myanmar had made traders cautious, until recently. Two shipments of coffee beans from Myanmar arrived in the United States this month, the first commercial-scale imports in over 15 years and the fruits of a U.S. government development program for farmers in the once-isolated southeast Asian economy. The two […]

Myanmar consumers trust quality of Thai products, survey finds

SANTIPHONG Pimolsaengsuriya, chief executive officer of Havas Riverorchid, a marketing communication specialist in the CLMV markets (Cambodia, Laos, Myanmar and Vietnam), said Myanmar’s potential was clear from a survey the group did in May. It involved 504 respondents in Myanmar, who rated their trust in products made locally and from major exporters including Thailand, Singapore, […]

Thalun International School announces expansion

Thalun International School announced Friday its expansion with its Ahlone Campus in downtown Yangon scheduled to open on August 1, 2016 with classes starting on August 9, 2016, according to a press release July 1. The Ahlone Campus, currently at its final stages of construction, is already accepting applications and enrollments for the Academic Year […]

From Dubai to Yangon, signs of Chinese wealth are everywhere

Seeking relief from a depreciating yuan, Chinese outbound investors have been on a roll lately, proposing jaw-dropping acquisitions in the commercial real estate sector in recent months from Dubai to Yangon and every investment haven in between. The speeds of capital deployment from the Middle Kingdom has been met with suspicion both at home and abroad. Determined […]

Myanmar moved off money laundering watchlist

Inter-governmental body the Financial Action Task Force (FATF) has removed Myanmar from its list of states deemed weak in combating money laundering and terrorist financing, which experts think should make international banks more comfortable doing business with the country. FATF, which counts China, the United States and India as members, released a public statement on […]

EU says Myanmar needs ‘space’ to deal with rights abuses

YANGON: The European Union said on Wednesday Myanmar needed “space” to deal with human rights abuses in its restive northwest, adding it would respect the call by country leader Aung San Suu Kyi to avoid the term “Rohingya” to describe persecuted Muslims there. The statement exposes a rift in the West’s approach to the sensitive […]