Broadband speed comparable to region

4G services may be a recent phenomenon in Myanmar, but the mobile broadband experience in terms of reach and speed, particularly in Yangon, is actually comparable to that of more developed cities in the region. In fact, 4G availability in Yangon is the fourth highest in ASEAN at over 80 percent, trailing Bangkok, Singapore and […]

China Beating Japan in War for Economic Influence in Myanmar

While the Japanese foreign minister and State Counselor Daw Aung San Suu Kyi discussed Rakhine’s development in Naypyitaw last week, a Chinese Communist Party provincial secretary met the vice president to discuss increasing investment in agriculture, transport and technology cooperation. It is not the first time China and Japan have been seen directly competing on […]

Singapore Pledges Continued Support for Myanmar

Singapore’s foreign minister said the city-state and current ASEAN chair would continue to support Myanmar’s economic development and peace process through its many challenges. Speaking with journalists from across the regional bloc on Monday, Vivian Balakrishnan said Singapore stood with Myanmar as it tackled economic challenges, civil war and the Rohingya crisis. Balakrishnan has met […]

Domestic businesses need to lobby govt to liberalise economy

Those who expect the government alone will deliver economic reforms are barking up the wrong tree. Domestic businesses need to play their part and push for reforms. The Myanmar government recently appointed a competent finance minister and decided to retain the central bank governor. These appointments and changes warrant a review of how the executive […]

Yamato launches cross-border trucking, relocation services

Japan’s largest package delivery company has set up a US$500,000 joint venture in Myanmar to specialise in Thai-Myanmar cross-border trade and small-cargo delivery for households and businesses. Yamato Group through its Singapore-based subsidiary formed a joint venture (JV) with Myanmar firm Aye International Group Co (AIG) last December. Total capital for Yamato Global Logistics Myanmar […]

Myanmar urged to do more to attract Korean investment

MYANMAR needs to pick up the pace of economic reforms in order to attract more investment from South Korea, said a senior trade official who led a market research mission to Myanmar. Lee Hyuk, secretary general of the Asean-Korea Centre, said in an interview that Myanmar must urgently create a better investment climate to succeed […]

Engage to overcome Myanmar bias against Chinese investments

There is an “implicit bias against Chinese investments” in Myanmar, a report from the International Growth Centre argued, attributing the prejudice to the legacy of earlier Chinese projects in the country, including Myitsone Dam and Letpadaung Copper Mine. The way for Chinese firms to repair the tainted brand is to directly engage the affected communities […]

Myanmar VP calls for more efforts to attract intra-ASEAN travelers

YANGON, June 13 (Xinhua) — Myanmar Second Vice President U Henry Van Thio called for more efforts to attract intra-ASEAN travelers to the country, Myanmar News Agency reported Wednesday. Addressing the opening of the the Myanmar Tourism Conference in Nay Pyi Taw Tuesday, U Henry Van Thio urged for targeting Eastern countries of China, Japan, […]

South Korean investors eye Asean tourism industry

SOUTH KOREAN investors are interested in expanding their investment in the tourism industry throughout the Asean bloc due to strong interest of international tourists in the region. For example, Daewoo Amara Co Ltd has expanded its initial 2013 investment in the Lotte Hotel Yangon, said CEO Lim Seon Kyu. The joint venture between the Korean […]

Visa-free entry for Japan and South Korea soon

The government will grant visa-free entry to Myanmar for citizens of Japan and South Korea and give visas on arrival to Chinese tourists, U Khin Zaw, an adviser of the Ministry of Hotels and Tourism told The Myanmar Times on Sunday. “On Friday, the government sent an official letter agreeing to give visa free entry […]