Pharmaceutical Companies From Indonesia, Myanmar Establish Joint Venture

Jakarta (ANTARA News) – Indonesian pharmaceutical company PT. Phapros Tbk, a subsidiary of PT Rajawali Nusantara Indonesia (RNI), and Myanmar`s pharmaceutical firm Medi Myanmar Group have established a joint venture to develop the business of pharmaceuticals and medical devices. According to a statement from PT. Phapros Tbk received by ANTARA here on Friday, the cooperation […]

Construction of Dawei SEZ back on the cards

The government is exploring ways to restart development of the suspended Dawei Special Economic Zone (SEZ), saying the SEZ will benefit Myanmar as well as the region. The Dawei SEZ includes construction of the highway as well as a deep-sea port which will link Thailand, Cambodia and Vietnam in the ASEAN region to India, the […]

Dawei SEZ to be Put on Track

The government will seek ways to put the once-suspended Dawei Special Economic Zone back on track as it is considered to benefit not only Myanmar but also the south-east Asia region. “To implement the project, ways must be sought to hold talks between Myanmar, Thailand and Japan” said Vice President U Henry Van Thio. The […]

Myanmar Goes Ringside at China-India Bout

‘China will go all out to help Myanmar in time of crisis. India will also help Myanmar, but it does not go all out,” was the light-hearted comment made by a seasoned Asean diplomat based in Yangon recently. He was referring to the behaviour of Myanmar’s two powerful neighbours these past months, which is providing […]

MIC Suspends New Investments in Timber Businesses

Permission for to start new timber-based businesses will be temporarily suspended in Myanmar, the Myanmar Investment Commission (MIC) said in a November 16 statement, which was made public by the Directorate of Investment and Companies Administration (DICA) this week. To preserve the country’s forests and limit illegal logging activities, the MIC will temporarily stop issuing […]

ATM Growth Slows in China, India, Picks up in New Markets

The number of ATMs worldwide reached a record 3.3 million in 2016, however, the rate of expansion slowed to 3 percent, down from 5 percent in 2015, according to the RBR report, Global ATM Market and Forecasts to 2022. The decline has largely resulted from rationalization in western Europe and markets such as Brazil and […]

Govt urged to establish Belt and Road taskforce

From tackling illegal border trade to constructing Kyaukphyu SEZ, the to-do list for Belt and Road in Myanmar is very long. THE Myanmar government is urged to take a proactive role and form a taskforce to carve out its involvement in China’s Belt and Road Initiative (BRI). An adviser to the National League for Democracy-led […]

Ooredoo Myanmar CEO quits after two years

Rene Meza has resigned as CEO of Ooredoo Myanmar after just two years in the post. Ooredoo has appointed COO Vikram Sinha as acting CEO until it finds a permanent replacement. Meza joined Ooredoo to run its Myanmar operation in August 2015, when he replaced Ross Cormack, who won the race to start services after […]

State Counsellor Stresses Belt and Road Needs to Align National Priorities

At the BRI summit in May, the State Counsellor stressed that BRI-led projects should complement national priorities and take into account the welfare of local communities, and highlighted the need to ensure responsible business practice. Local analysts and commentators in Myanmar have spelt out some of the benefits and risks of Myanmar’s participation in Beijing’s Belt […]

The ‘Belt and Road’ Projects China Doesn’t Want Anyone Talking About

Kunming, Yunnan’s provincial capital, occupies a key place in China’s economic diplomacy efforts as the terminus of oil and gas pipelines from the Bay of Bengal and the starting point of a planned railway network winding through Indo-China to Singapore. But the provincial authorities have obscured the location of a brand new, 29.2 billion yuan […]