Newest Myanmar noodle chain has Japanese roots, local prices

TOKYO — One of Japan’s top purveyors of noodles is setting up shop in Myanmar’s biggest city this month, hoping to cater to a growing middle class hungry for cheap food. Bowls of rice noodles in broth will sell for 650 kyat (48 cents) at the Yangon restaurant operated by a local joint venture of […]

Bangladesh losing its geo-economic importance to Myanmar

The Rohingya refugee crisis has exposed Bangladesh’s diplomatic weaknesses. No permanent member of the United Nations Security Council has strongly backed Dhaka to solve the refugee problem. China rendered its support to Myanmar at the UN so that the country does not face any immediate threat such as sanction. The United States’ intention to solve […]

China agrees to 70% share in Kyaukphyu sea port

China has agreed to take a 70 percent stake in a strategically important sea port in Burma, at the lower end of a proposed range amid local concerns about Beijing’s growing economic clout in the country, a senior government official said. Oo Maung, vice chairman of a government-led committee overseeing the project, said Burma had […]

Woodside delays Myanmar gas drilling as early results disappoint

Australia’s Woodside Petroleum (WPL.AX) and its partners have deferred gas exploration plans in Myanmar until 2018 after some disappointing drilling results, according to four people familiar with the situation. Woodside and its partner, French oil and gas major Total TOTF.SA, have targeted Myanmar as a key source of growth, as it is rich in gas […]

Frustration mounts as Kyaukphyu port negotiations stall

Kyaukphyu’s Chinese investors have hit back at criticisms over their majority stake in a proposed deep-sea port in Rakhine. They emphasised that it was the Myanmar government who drew up the shareholder structure and that the ball is in Nay Pyi Taw’s court to break the inertia and move the negotiations forward. Kyaukphyu is the […]

CMP garment sector may fetch $3bln this year

Export earnings from the CMP (cutting, making and packaging) garment sector are expected to exceed US$3 billion (4.1 trillion kyat) this year, according to the Myanmar Garment Entrepreneurs Association(MGEA). MGEA chair Myint Soe, said that the European Union “has topped the lists of garment order, followed by Japan, South Korea and other countries”. This year, […]

Illegal paddy exports putting rice mills out of business

In Mandalay Region, which is one of the main paddy producers of Myanmar, almost every rice mill has shuttered due to illegal direct paddy exports, according to the regional Rice Millers Association. In Myanmar, direct paddy exports are not permitted. However, Chinese traders have been exporting paddy directly to China after buying the crops from […]

China Eyes Mon State Investment

MAWLAMYINE, Mon State — Chinese Ambassador to Myanmar Hong Liang indicated his country is considering investment in Mon State during a meeting with the state government on Friday. According to the Chinese ambassador, investors are interested in rubber products manufacturing, fruit cultivation and the tourism sector, said Mon State minister for natural resources and environmental […]

Myanmar eyes China’s trade plan for much-needed infrastructure, as crisis in Rakhine goes on

Minister for Construction U Win Khaing told the Asean and Asia Forum in Singapore on Thursday that his country needed to improve its infrastructure quickly to cope with the mass internal migration to its cities. The government had been in contact with various potential partners, including China and Japan, promoting Myanmar as a hub to […]