Vietnamese Investors Prosper in Laos, Cambodia, Myanmar

Vietnam’s OFDI has been increasing in recent years with 930 projects licensed, mostly in the fields of industry, agriculture, telecommunication and finance & banking. Forty percent are developed in Laos, Cambodia and Myanmar. Laos is in No 1 among the countries and territories where Vietnam has OFDI. According to FIA (Foreign Investment Agency), by the […]

Govt Sticks to Courageous Target as Myanmar Slips Down in World Bank’s Doing Business Rankings

Myanmar is in fact slipping further away from the govt’s target of reaching top 100 in the Doing Business index by 2020. It remains to be seen how Nay Pyi Taw could deliver this commitment. DESPITE the fact that Myanmar has fallen one place last year in the World Bank’s Doing Business rankings, Nay Pyi […]

All the top universities in ASEAN are in Singapore

The National University of Singapore (NUS) has been ranked as the top university in Asia by the London-based Times Higher Education magazine for the third year in a row. NUS improved its scores in almost all areas, picking up extra points for its teaching, research, citation impact and knowledge transfer. It was followed by China’s […]

New international airport project in central Myanmar in progress

YANGON, Feb. 1 (Xinhua) — Myanmar’s new Hanthawaddy International Airport project, being implemented as a national project in the country’s central Bago region, some 76.8 km north-east of Yangon, is in progress. Upon completion, the airport will represent the fourth and largest of its kind in Myanmar after Yangon, Mandalay and Nay Pyi Taw’s and […]

SunCon now in talks with potential JV partners in Myanmar, Indonesia, says MD

KUALA LUMPUR (Jan 23): Sunway Construction Group Bhd (SunCon), which has expressed its intention to expand into Asean, said it is now in discussion with potential joint venture partners in Myanmar and Indonesia, according to the group’s managing director Chung Soo Kiong. “Currently, we’re looking quite seriously in Myanmar and Indonesia…We need a long-term strategic […]

IFC, Regulators Assess Corporate Governance of Myanmar Firms

IFC, a member of the World Bank Group, is working with Myanmar regulators to benchmark the corporate governance practices of Myanmar companies against international standards to help them improve performance, according to a statement. Numerous studies show that stronger governance helps companies operate more efficiently and manage risks better. In cooperation with the Securities and […]

Sink-or-Swim Time for ASEAN Latecomers as Tariffs Come Down

HANOI — Cambodia, Laos, Myanmar and Vietnam are no longer getting the kid-gloves treatment in the ASEAN Economic Community. As late entrants to the Association of Southeast Asian Nations, the four countries were initially exempted from abolishing some tariffs when the bloc established the AEC at the end of 2015. As of Monday, however, they […]

Modi Backs India-Myanmar-Thailand Highway’s Indochina Extension

NEW DELHI — India is pushing an ambitious highway initiative through Myanmar and Thailand to connect with Vietnam through Cambodia and Laos, which observers of Southeast Asia see as part of its efforts to counter China’s Belt and Road Intiative (BRI) project. Connectivity with the 10-member Association of Southeast Asian Nations (ASEAN), which comprises Brunei, Cambodia, […]

India’s Border Trade With Myanmar Stagnates at $50 Million as China’s Hits $6 Billion

As India prepares to celebrate the silver jubilee of its partnership with ASEAN in a big way, a key border trade link with Myanmar, the closest neighbour of the vibrant Southeast Asian bloc, continues to be hobbled by infrastructure and other issues — 22 years after it was launched. India’s border trade with Myanmar takes […]

Toyota Should Reconsider Myanmar Growth Strategy

Japan’s Toyota should reconsider its growth strategy in Myanmar to maintain pole position in the country. Toyota vehicles are known for their quality and affordability in Myanmar. As such, the car maker has for years enjoyed the highest share of the local car market. In fact, Toyota dominates car markets across ASEAN, including in Indonesia, […]