China, Myanmar to sign MOU on Economic Corridor in 2018

China and Myanmar will soon sign a Memorandum of Understanding (MOU) on building the China-Myanmar Economic Corridor (CMEC), one of the highlight projects of the Belt and Road (B&R) initiative, according to reports by media in Myanmar. U Aung Naing Oo, Director General of the Directorate of Investment and Company Administration of Myanmar, was recently […]

Myanmar’s ‘semi-isolation’ shows danger of rejecting multilateralism, minister says

TOKYO — The world must not lose sight of the economic benefits, peace and security deriving from multilateralism, a senior Myanmar government official told a conference here on Tuesday, pointing to his country’s decades of being largely cut off from the international community. “Myanmar is well placed to remind the international community that they should […]

Struggling Myanmar stock market gears up for more listings

YANGON — More than two years after it began trading, the Yangon Stock Exchange is still struggling to escape the trap of few listed companies, few investors and low share prices. The Myanmar Stock Price Index, or Myanpix, closed at 437.36 on June 4 — down 56% from the baseline of 1,000 on March 25, […]

Myanmar allows full foreign ownership in retail and wholesale

YANGON — Foreign companies are now allowed to invest in Myanmar’s retailers and wholesalers, including holding 100% stakes, as the country makes efforts to lift foreign investment amid the Bengali refugee crisis. The Ministry of Commerce announced the change on Friday, explaining that it wants to increase competition in the sectors and promote price stability […]

Hybrid Myanmar: How A Quiet Market Could Leapfrog Traditional Data Centre Players

Political reforms, a growing economy and a speeding adoption of digital services are bringing the once isolated Myanmar out of the shadows. In the new decade, with the arrival of digital, the development of TMT infrastructure is starting to gain pace, but much work is still needed. João Marques Lima investigates. In the heart of […]

How China gets what it wants in Myanmar

As Myanmar prepares for yet another round of peace talks with ethnic armed groups, all eyes are on China. With all the Western outfits involved in Myanmar’s peace process effectively sidelined, China has emerged as the only outside force that matters due to its substantial leverage over both insurgents and the government. Unlike Western interlocutors, […]

China’s poverty alleviation efforts in Myanmar help ease Rakhine State situation

China has been paying close attention to the Rakhine State conflict in Myanmar and the ensuing refugee exodus to Bangladesh. In March, during the legislative two sessions, Foreign Minister Wang Yi said China has always insisted on a peaceful and rightful way of dealing with international affairs, especially those at the center of attention. Nearly […]

How the West won and lost Myanmar

When former political prisoner Aung San Suu Kyi and her long persecuted National League for Democracy party won election in 2015, Western nations which maintained sanctions against the previous rights-abusing military regime cheered the democratic result and hoped for transition. Suu Kyi was subsequently feted in various European capitals, including Oslo, where she received her […]

Waiting for change at Myanmar’s central bank

Myanmar’s central bank governor Kyaw Kyaw Maung has long been seen as an impediment to reform. But come July, he will be out and a new chief will be in, heralding, it is to be hoped, a new era of change Being a bank in Myanmar isn’t easy, with lenders of all sizes facing insuperable […]

Mobile money services make waves in Myanmar

Seven years ago, the country had virtually no formal banking sector. Now, its clunkier commercial lenders face extinction thanks to the arrival of exciting new mobile money services whose mission is to march onwards and upwards. Brad Jones wasn’t sure what to expect when he moved to Yangon in early 2015 to become chief executive […]