Historian Gives Inside View of Myanmar’s Bumpy Journey

As Myanmar embarked on an uncertain transition toward democracy after the flawed elections of 2010 there were relatively few people in the country who could offer advice on the process of change. One of them was Thant Myint-U, a former United Nations official with experience in the war-torn Balkans and Cambodia, and a grandson of […]

The Rise and Fall of an Australian Media Mogul in Southeast Asia

ROSS DUNKLEY was thinking of quitting journalism when he met Rupert Murdoch, a fellow Australian, on a friend’s yacht off the coast of Rhode Island during the America’s Cup boat race in 1983. He had grown tired of working for other people in a newsroom; he wanted to return to his family roots and become […]

Krispy Kreme enters Yangon, heating up competition

For generations, Krispy Kreme has been serving doughnuts and coffee in America. Now the chain has decided to enter Myanmar, setting up its first store in Yangon on September 16. The North Carolina-headquartered firm with roots in the United States has been in operation since 1937. U Thu Rein Lin, Krispy Kreme Myanmar CEO, highlighted […]

Japanese cars enjoy an afterlife in Myanmar, but not for much longer

THE Japanese make cars that last but replace them relatively quickly. The average car in Japan is three years younger than in America. This combination of durable manufacturing and dutiful consumption of a prized national product works out well for the rest of the world; many countries import older Japanese cars in bulk. Secondhand vehicles […]

Foreign Direct Investment into a country is influenced by Ease of Doing Business

FDI is desired by most of the countries as it can help in boosting the economic development of the country. Therefore almost every country tries to attract the foreign investment by offering the incentive such as tax incentive, tax grace period and etc. Our neighbouring country, India had amended the Foreign Direct Investment Law in […]

Thirty-four kinds of aquatic products granted duty free for export

Thirty-four kinds of aquatic products have been granted duty-free status to be exported to America by the Ministry of Commerce, according to a report in the Myawady Daily. Fish and shrimp are the most exported among aquatic products. The merchants need to be careful of the product quality, need to mention the proportion of ingredients […]

Garment sector earned nearly US$400 million

Myanmar earned nearly US$400 million from garment sector exports in the past three months, according to the official figures of the Commerce Ministry. This represents a $100 million increase over the same period last year. Following the lifting of European and American economic sanctions, Myanmar’s garment industry is growing. Currently, Japan and European countries are […]

Japan constitutes nearly half of FDI in Thilawa SEZ

Japan has put investments of US$468 million into Thilawa Special Economic Zone (SEZ) so far, accounting for over 43 per cent of total foreign direct investments, according to Myanmar Japan Thilawa Development Limited. Thailand was second with FDI of over $130 million. The manufacturing industry attained the highest FDI of over US$773million, followed by the […]

Big International Gem Show Being Held in Yangon

​​ An international exhibition of Myanmar gems with foreign and domestic companies is being held in Yangon until Monday. Firms from Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United States, Italy, Israel and India are participating. The four-day event also has machines for goldsmiths and quality testing for diamonds and gems. A spokesperson for […]

ADB moves in Myanmar as trade finance hopes grow

Hopes of opening the Myanmar trade finance sector are growing, after the Asian Development Bank (ADB) issued its first guarantee in the country. As part of its Trade Finance Programme (TFP), the ADB guaranteed a letter of credit issued by Banca Popolare di Sondrio of Italy to local lender United Amara Bank (UAB), one of […]