Foreign Correspondents Forced to Jump More Hoops to Get Visas

YANGON — Some foreign journalists have left Myanmar and others are preparing to depart after the government tightened visa regulations following critical coverage of the military’s handling of the unrest in Rakhine State. Several foreign journalists told The Irrawaddy that the visa application process was now much more onerous and even required them to sign […]

Yoma Throws Weight Behind Office Space Demand and Urban Development

A great many metropolises in Asia are defined by their skyscrapers — one only has to think of the Petronas Towers in Kuala Lumpur and Lord Norman Foster’s HSBC headquarters in Hong Kong. But while high-rise building lace the skylines of major Asian cities like Singapore, Jakarta and Bangkok, Yangon stands as an exception. Last month, […]

Uber Strikes Taxi Partnership in Thailand, Seventh Deal in Asia

BANGKOK — “Keep your friends close and your enemies closer” seems to be Uber Technologies’ strategy in Thailand. The taxi app company announced Wednesday that it would launch its ride-hailing service in Thailand by collaborating with regulated taxis, whose drivers were once derided by its cofounder. Uber will partner with Howa, a major local taxi […]

Gulf Energy Development Plans $4.6bn Power Plant Spend After IPO

Gulf Energy Development’s billionaire founder Sarath Ratanavadi plans US$4.6 billion of investment in power plants over the next four years after the company’s listing this month. The initial public offering’s proceeds will help fund some of the outlay, with the rest coming from loans, Mr Sarath, the company’s chief executive, said in his Bangkok office. […]

Collier Property Report – Yangon CONDOMINIUM Q3 2017

Affordability Remains Unadressed Over the last two quarters, the market has witnessed a slight uptick in demand following extensive pricing promotions for many projects. While this has buoyed overall sales take-up, Colliers sees the performance as temporary, and the strategy as financially unsustainable. We advise developers to look long term instead. Future projects should generally […]

Businesses Are Still Investing Billions in Refugee Crisis-Hit Myanmar

As the U.S. and Europe grow increasingly outraged over the Rohingya refugee crisis in Myanmar, Asian businesses are continuing to invest. Bangkok-based construction company TTCL Pcl is one of the latest examples, targeting the first half of next year to complete a funding plan and shareholder structure for a planned $3 billion coal-fired power plant in Kayin state bordering Thailand. […]

Mandalay taps British expertise for higher education

MANDALAY, Myanmar’s second largest city, is expected to become the country’s northern economic hub over the next two years. Yet, skills and talent in the city still lags behind Yangon and many cities in ASEAN. The brain drain and skills shortage are dragging its economic growth. But Ko Ye Tun Min, founder of the Mandalay […]

Myanmar’s Preservation Man Pursues Dream Museum

YANGON — Khin Shwe does not like to be called a “crony” — the label used to describe the wealthy Myanmar businessmen who enjoyed close relations with the previous military regime of Senior Gen. Than Shwe (1992-2011). “Now, all the Myanmar people think cronies are no good, and even the government doesn’t want to work […]

Suspect in Mon mega-project fraud case moved to police custody

Fraud suspect Supattha Chantharangsi, who was accused of duping hundreds of Thai companies to invest in a bogus Bt500-billion mega-project in Myanmar’s Mon state, was transferred from military detention to the Crime Suppression Division (CSD) in Bangkok on Wednesday. CSD deputy superintendent Pol Lt-Colonel Man Menyaem said investigators were gathering evidence to soon secure arrest […]

Shoe factory creating 300 job opportunities by to be opened soon in Myawady Economic Zone

A shoe factory which can create job opportunities for 300 people will be opened soon in Myawady Economic Zone, Myawady Township near the border of Myanmar and Thailand. This factory is located seven mile away from Myawady Town, where the Myawady Economic Zone was developed in 2013. Total 37 plots of lands for factories had […]