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Myanmar lowest among ASEAN countries in passport index

Myanmar ranks 95th out of 107, the lowest among ASEAN nations, in the latest Henley Passport Index, mainly due to a lack of economic freedom. The index is based on exclusive data from the International Air Transport Association and scored based on visa-free and visa-on-arrival access to other countries. Japan and Singapore hold first place […]

Myanmar real estate service law to be enacted within three months

The Pyidaungsu Hluttaw will approve a real estate service law within three months, said U Tin Maung Win, chair of Transport, Communication and Construction Committee at Myanmar Real Estate Services Association annual meeting on March 23. “Although some have said that it is too early, the law will be enacted within three months if it […]

Trade war will drive Chinese investment in Asean to US$500 billion by 2035, think tank says

Chinese investment in Asean countries is set to more than triple to US$500 billion by 2035, with the US-China trade war likely to provide a catalyst for the spike, according to a regional think tank. The claim was made in a report published on Thursday by the Asean+3 Macroeconomic Research Office (AMRO), a regional macroeconomic […]

Parami Energy to distribute LPG under its own brand

Parami Energy Group of Companies, a local firm, will distribute liquefied petroleum gas (LPG) in Myanmar under its own brand, CEO U Pyi Wa Tun told The Myanmar Times. Parami Energy, one of the two firms permitted by the government to import and sell LPG in the country, commenced wholesale distribution of LPG after winning […]

Implementation of infrastructure projects through PPP is effective

Today, countries throughout the world are facing complicated challenges in various sectors, which cannot be overcome single-handedly. Countries having similar cultures, historical backgrounds and ideologies must unite to confront these challenges. This is the best way to convert global challenges into regional opportunities for inclusive sustainable development. Over the past 14 years, we have witnessed […]

Myanmar turns attention to Asian travellers as European markets decline

With Asian markets dominating in the face of declining European arrivals, Myanmar tourism players are shifting their focus to intra-regional travellers. The Asian market accounted for 70 per cent of international arrivals to Myanmar in 2017. Growth in the market is led by Vietnamese visitors, with a 75 per cent year-on-year increase at Yangon International […]

Changes in education policy and new curriculum for second graders

Amendments to the kindergarten and Standard 1 curriculum took place in 2016-2017 academic year and changes in the curriculum for Standard 2 students will follow in 2018-19 During the time of previous governments, changes often took place in the education sector due to circumstances and according to their policies. Similarly the present government has also […]

Yara confident of cashing in Myanmar’s agricultural growth

YARA International, a leading fertiliser company with operations in more than 60 markets, is confident of doing well in Myanmar’s agriculture sector because of the country’s current low productivity compared to other Asean countries, said Havar Valved, the firm’s country manager for Myanmar. Valved said the firm aims to be the leading provider of sustainable […]

Thai investors buoyed by CLMV investment climate

Following the strong economic growth in Asean, especially in CLMV countries (Cambodia, Laos, Vietnam, and Myanmar), Thai investors have expanded their regional investment by focusing on alternative energy, food and agriculture processing, tourism, and service business. According to a report by the Bank of Thailand, as of September 30, 2017 Thai investors showed outstanding direct […]

Myanmar needs urgent reforms as economy’s in the woods

MYANMAR’S economy is still in the woods: The Aung San Suu Kyi-led government has delayed a long-awaited reform to allow foreign companies to purchase stakes of up to 35 per cent in local companies as business confidence has plummeted drastically, while jungle-style “ceasefire capitalism” flourishes in insurgency affected areas. To top it all, there are […]