Myanmar moves ahead on airport

YANGON, 30 December 2016: Myanmar’s vice president, U Henry Van Thio, has called for a show of transparency to ensure the Hanthawaddy International Airport project becomes a showcase for the country’s tourism development. Global New Light of Myanmar quoted the vice president saying the airport, once completed will become a major gateway for international airlines. […]

Growing Economy Brings Rise in Fuel Oil Shipping from Singapore

​​ SINGAPORE — Burma’s oil imports are surging to fuel a fast-growing economy and rebuild rotting infrastructure, creating a small but profitable route for ships making a beeline for the emerging Southeast Asian nation from the regional hub of Singapore. Servicing growth that could top 8 percent this year is a clutch of small tankers […]

Myanmar’s Rickety Railways Poised for a Revamp

​​ YANGON — As they pass Insein Station, a farmer and her fellow workers drag five huge bundles of vegetables to the front aisle of a railway car on the notoriously inefficient Yangon Circular Railway Line, forcing passengers to climb over the fresh produce if they want to enter or leave the carriage. The group […]

A Myanmar Success Story

​​ MYANMAR’S re-engagement with the world inspired investment banker Aye Thiha to leave New York and return home in 2011. His own business has flourished since and he still sees new opportunities flowing in. “My family coerced me to return and after eight years. I thought I was done with being an investment banker,” said […]

Myanmar Opens Talks with Thailand on Reciprocal Banking Access

BANGKOK — The central banks of Thailand and Myanmar agreed Sunday to start talks on granting access to designated banks in each other’s markets, marking a small step forward in the financial integration of the Association of Southeast Asian Nations. For Thailand, Myanmar is the third country to enter bilateral discussions on bank access, following […]

Myanmar Needs to Approve An Area Measured Assessment Request by Thai Government to Open Singkhon Gate

Myanmar needs to sign a request by Thai government to allow Myanmar visitors to visit Prachuap Khiri Khan province in order to open Singkhon gate as a permanent border gate, said an official from Thailand. The Singkhon gate now stands as a temporary border gate, and Myanmar is asking Thai authorities to upgrade it to […]

Myanmar Companies Ramping up Tourism Industry

YANGON — Leading companies in Myanmar are building up the tourism industry in a bid to capitalize on the increasing number of foreign visitors to the Southeast Asian country since democratic reforms took place. First Myanmar Investment signed an agreement in October with its Singapore-listed affiliate Yoma Strategic Holdings and other companies, including SHC Capital Asia, […]

Amid Peace and Prosperity, Myanmar Farmers Fall Prey to Land Seizures

BANGKOK (Thomson Reuters Foundation) – Land conflicts in Myanmar have escalated in recent years, with military and armed groups driving people from their land, and new laws failing to protect farmers, a rights watchdog said on Thursday. Land disputes are a longstanding problem in Myanmar, but researchers from New York-based Human Rights Watch (HRW) documented […]

Thai Firm Partners With Myanmar Tycoon for Financial Services Expansion

Thailand’s SET-listed digital finance firm Group Lease PCL (GL) has formed a strategic partnership with Myanmar tycoon U Aung Moe Kyaw and other investors at AMK Consortium to launch financial services in the country. Under the new partnership, GL will set up a joint venture company with AMK Consortium, which will support Century Finance Company […]

Can Rangoon’s Traffic Woes be Solved?

RANGOON — Dr. Maung Aung has the ambition to ease a shared source of suffering for Rangoon residents since 2011—traffic congestion—by the end of the year, implementing a series of changes from a computerized traffic control system to a drastically streamlined bus network. He is the secretary of the Yangon Region Transport Authority (YRTA), formed […]