Myanmar’s New Struggle: Keeping Foreign Investors Happy

A pariah state for decades, Myanmar’s recent emergence from economic isolation has attracted foreign companies and investors intrigued by the Southeast Asian nation’s untapped potential, abundant natural resources and low wage workforce. The first U.S. fast food restaurant, KFC, opened in 2015 and other assorted Western and Asian brands have popped up across the nation’s […]

Japan investment to change the face of train travel in Yangon

YANGON – Tourists visiting Myanmar’s largest city, Yangon, could be set to lose one of the star attractions of the former capital, as Japan invests in upgrading the railway which encircles the city. While the responsibility for upgrading the 46 kilometers of track which makes up the Yangon Circular Railway rests with Myanmar Railways, the […]

Tourism industry booming in Mandalay in December

Tourist arrivals have increased in Mandalay due partly to the addition of more Mandalay-Bangkok- Yangon flights and more direct flights between Mandalay and Hong Kong in December. Adding to the burgeoning popularity of central Myanmar is the allowance since September for foreign tourists to enter Myanmar through border entrances with an evisa, available online. Tourists […]

Jade Curse Tests Post-Sanctions Myanmar

Its embrace can bring wealth beyond measure, or instant death. It is a magnet for the most impoverished migrant workers and the most ruthless exploiters. Its haunts are a cauldron of armed conflict beyond the law of the land. In what could be one of its most challenging tests, how will Myanmar’s democratic government deal […]

Myanmar’s Film Industry Gears up for a Sequel

YANGON — With turquoise columns propping up a pink and yellow portico, Myanmar’s art deco style Thwin cinema is a rare relic from a golden age of movie-making that dazzled audiences more than half a century ago. Myanmar’s film industry, once the most vibrant and prolific in the region, shrivelled under a military regime that […]

Myanmar scraps law used to silence dissent

YANGON: Myanmar on Tuesday (Oct 4) scrapped a law used by the former military government to silence political activists, which threatened jail for anyone who endangered public morality or execution for damaging telephone lines. The Emergency Provisions Act, passed in 1950 after Myanmar won independence from Britain, became the military’s weapon of choice to silence […]

From ‘invisible’ to man in Myanmar spotlight

Tall, soft-spoken and almost self-effacing, Mr Htin Kyaw will on Wednesday be the focus of a handover ceremony in Naypyitaw. The next day, the 69-year-old will assume his duties as Myanmar’s first civilian president since 1962, and will preside over a fractious and volatile country in a still-fragile experiment with democracy. Pundits and the media […]

Digicel’s Myanmar deal adds to Islamic finance landscape

May 5 Cellular operator Digicel Group Ltd has obtained $60 million in sharia-compliant financing for its Myanmar venture, helping widen the reach of Islamic finance transactions as the sector continues to expand into new markets. Islamic finance has seen a string of landmark deals over the past year, with debut sovereign Islamic bonds (sukuk) from […]

Myanmar 2014/15 FDI swells to $8.1 bln – govt agency

(Reuters) – Foreign direct investment (FDI) into Myanmar has soared to more than $8 billion this fiscal year, $3 billion more than anticipated, owing to increased activity in the energy, manufacturing and telecoms sectors, a senior official said. The investments reflect growing if cautious foreign interest in one of Asia’s last remaining untapped markets, which […]

Energy giants win Myanmar offshore oil and gas blocks

YANGON: Myanmar named energy giants Chevron, Shell and Total among the winners Wednesday of a landmark auction of offshore oil and gas exploration rights, pinning hope on its natural resources to drive economic growth. The country, left impoverished by nearly five decades of isolation under military rule, has been the subject of feverish interest by […]