China clinches multi-billion-dollar strategic port deal with Myanmar

China has clinched a multi-billion-dollar deal to build a port + at a strategic town along the coast of the Bay of Bengal in Myanmar, its third project in India’s neighbourhood after Sri Lanka and Pakistan. China and Myanmar signed an agreement on Thursday to build the deep sea port project in Kyaukpyu town after […]

Why India looks the other way on Myanmar

While the West moves to re-isolate Myanmar after a short period of re-engagement, neighboring India is taking a more realpolitik approach to reports of massive rights abuses by the nation’s security forces. Indeed, India is doing its utmost to improve relations while the United States and European Union impose new sanctions aimed specifically at Myanmar’s […]

Estranged brother of Myanmar’s Suu Kyi bids to sell lakeside home

The estranged brother of Myanmar leader Aung San Suu Kyi said on Thursday he is making a new bid to sell the lakeside house where the democracy activist turned politician spent 15 years under house arrest. Aung San Oo, who spends most of his time in the United States, submitted an appeal at the supreme […]

Calls out for investments in China-Myanmar border economic zone

Union Minister for Commerce Dr Than Myint has called on local entrepreneurs to invest in a border economic zone project in China-Myanmar. “The government has a plan to implement other economic zones. During Myanmar State Counsellor Aung San Suu Kyi’s tour to China last year, a contract was signed on the establishment of trading and […]

Beijing’s involvement in Myanmar peace does not amount to interference

United States Institute of Peace, a well-known US think-tank, released a report titled “China’s Role in Myanmar’s Internal Conflicts” on September 14 claiming that “China has set aside its stated adherence to the principle of non-interference to become more proactively and assertively involved in Myanmar’s peace process.” The report cast doubts on Beijing’s role and […]

Suu Kyi: Myanmar ‘not left behind’ in 4th Industrial Revolution

Myanmar leader Aung San Suu Kyi said on Wednesday her country, having been “practically bypassed” by the IT-based Third Industrial Revolution that began decades ago, is making “quantum leaps” to catch up amid the rapid advancement of transformative technologies driving the Fourth Industrial Revolution. “We have been forced to plunge straight into the fourth one,” […]

Myanmar official says ‘totally underestimated’ economic impact of Rohingya crisis

A Myanmar foreign investment official said on Wednesday he “totally underestimated” the economic damage of the Rohingya crisis, adding that the outcry over the jailing of two Reuters reporters would also have some impact on his country’s reputation. Asked at an investor forum in Singapore what impact the crisis had on Myanmar’s economy and investment, […]

UMFCCI suggests four points for the country’s economy

Zaw Min Win, President of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) submitted the four-point suggestion to Myanmar State Counsellor Aung San Suu Kyi. On August 27, Myanmar State Counsellor Aung San Suu Kyi held a talk with local entrepreneurs at Nay Pyi Taw. The four points are: export promotion, […]

Operators unfazed as Myanmar slows

YOUNG entrepreneurs in Myanmar remain upbeat on the country’s economic outlook despite weakening of the kyat, high inflation and delay to reform. “It is not good if you look at the exchange rate. The kyat is retreating against the US dollar and Thai baht, We are in a unstable period,” May Mon Thu, managing director […]

Waiting for Godot: farmers seek return of seized land

Farmers in Myanmar are still waiting for justice as many of their lands were confiscated by government officials, military personnel, authorities and their cronies for various reasons, a new report from New York-based Human Rights Watch (HRW) revealed. The NGO launched the report “Nothing for Our Land: Impacts of Land Confiscation on Farmers in Myanmar” […]