Some Businesses Fret Over Myanmar Wage Proposal

Many business organisations in Myanmar have lodged objections against improving daily wages as approved by the National Committee for Designating Minimum Wage earฌlier this month. The committee has decided to set the minimum wage at 4,800 kyat, a 33 per cent increase from the current rate of 3,600 kyat. All businesses with 10 or more […]

More Asian Travellers Expected to Arrive in 2018

Industry players forecast tour packages from Asian markets to jump 25 percent in 2018 and 2019, while arrivals from European countries could dip by almost 20pc for the same period. U Khin Zaw, advisor of the Union minister of Hotels and Tourism, told The Myanmar Times on January 3 that the change in arrival pattern was […]

Myanmar Officials Bet on Casinos for Boosting Chinese Tourism

Thailand features heavily in the strategies of destinations around it in attracting Chinese tourism. Thailand is by far the most popular destination in Southeast Asia for Chinese tourists, with about 9 million Chinese tourists coming to Thailand between January and November 2017. This puts pressure on destinations like Myanmar, Cambodia, and Vietnam to set themselves apart. One […]

India-Myanmar-Thailand Highway To Be Ready In 3 Years; Work Starts

The Indian government has awarded all the contracts under the India-Myanmar-Thailand highway over the last three months and the highway is likely to be ready in three years, the external affairs ministry said. “Government of India is implementing two projects as part of Trilateral Highway between India, Myanmar and Thailand. These are construction of 69 […]

Sink-or-Swim Time for ASEAN Latecomers as Tariffs Come Down

HANOI — Cambodia, Laos, Myanmar and Vietnam are no longer getting the kid-gloves treatment in the ASEAN Economic Community. As late entrants to the Association of Southeast Asian Nations, the four countries were initially exempted from abolishing some tariffs when the bloc established the AEC at the end of 2015. As of Monday, however, they […]

Modi Backs India-Myanmar-Thailand Highway’s Indochina Extension

NEW DELHI — India is pushing an ambitious highway initiative through Myanmar and Thailand to connect with Vietnam through Cambodia and Laos, which observers of Southeast Asia see as part of its efforts to counter China’s Belt and Road Intiative (BRI) project. Connectivity with the 10-member Association of Southeast Asian Nations (ASEAN), which comprises Brunei, Cambodia, […]

Garment Industry Must Raise Value Proposition to Stay Sustainable

2017 was a strong year for the garment export sector. During the seven months between April and November, some $1.5 billion worth of garment products were shipped out of Myanmar, bound for warehouses owned by the likes of Uniqlo and Primark in Japan and Europe, according to the Ministry of Commerce (MOC). The pace of […]

New Strategy Needed to Heal “Sick” Myanmar Economy

A new strategy encompassing the customs and values of the Myanmar people, including members of the Tatmadaw, residents, civilians and nationals residing abroad, is necessary to treat a “sick” Myanmar economy,” said Dr. Myint, who was Chief Economic Advisor of former President U Thein Sein, during the Union of Myanmar Federation of Chambers of Commerce […]

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 […]

Stakeholders Call for Economy to be Top Priority

YANGON — U Myint, the former chief economic advisor to the previous administration, urged State Counselor Daw Aung San Suu Kyi to set economic development as a top priority together with peace building. During his keynote address to the second Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) Convention in Yangon on […]