American duo on a moving mission

A husband and wife moving team launched their company in Myanmar this year with the aim of offering a stress-free transfer from old homes to new. Jackie and Brian Ackerman spent seven years working as electrical engineers in Washington DC before deciding it was time for a radical sea change. “It seemed like everything in […]

FMI ‘first and only’ company to list on YSX, says Pun

First Myanmar Investment (FMI) Company will be the first, and for the time being the only, company to launch an initial public offering (IPO) on the Yangon Stock Exchange (YSX) when it opens later this year, according to company chair Serge Pun. Speculation over which firms will attempt to list has intensified as the exchange […]

West hurting only itself with economic sanctions on Myanmar

Myanmar’s opening up has attracted much interest, not only from its Asian neighbours but also those in the West that once considered the country a pariah state. Recent events, however, suggest that Naypyidaw’s honeymoon with the United States and Europe may be waning over political issues. In contrast, China and others remain ready to engage, […]

Yangon power plants in limbo

Work on power plants slated to generate some 300 megawatts of electricity in the Yangon area has halted awaiting government approval of a standard power purchasing agreement (PPA) for the industry, according to U Zeya Thura Mon, CEO of power plant developers Royal GK Pte Ltd. The construction stoppage comes as Myanmar projects a significant […]