High hopes for business zone on China-Myanmar border

An ambitious new economic zone at Myanmar’s largest trading point with China will bring new business opportunities for the two countries, officials and residents said at the project’s soft opening in Shan State’s Muse last week. Around 80 percent of Myanmar’s formal overland trade with China passes through a border point a few miles from […]

What’s so special about a white elephant?

The expression “white elephant” refers to a gift, typically cumbersome and large in size, that is difficult to dispose of and exorbitantly expensive to maintain. Like, say, something that eats 200 to 600 pounds of food in a single day. Legend holds that the king of Siam would bestow white elephants upon his wilier courtiers, […]

Myanmar captures 9th rare white elephant

YANGON: Myanmar’s forestry department has captured a rare white elephant in the jungles of the country’s western Ayeyarwaddy region, an official said on Sunday. The 7-year-old female was captured on Friday, six weeks after it was initially spotted in a reserve in Pathein township, forestry official Tun Tun Oo said. It’s the ninth white elephant […]

Officials monitor inflation as new bills enter market

An updated K5000 note will enter circulation on October 1 in a bid to fight counterfeiting, but authorities say they are being careful to make sure the move will not upset the money supply and lead to inflation. The plan is to gradually introduce the new note, which appears similar to the existing red–coloured white […]