Yangon MPs Call for Crackdown on Shady Foreign Business Operators

The Yangon Region parliament is considering increasing scrutiny on foreign businesspeople who operate illegally. Parliament debated a proposal from MP U Win Maung (NLD; Hlaing Tharyar 1) on October 10 that would have the government take action against foreign operators of illegal businesses. Regional Planning and Finance Minister U Myint Thaung told parliament that such businesspeople will be jailed […]

Button Mushrooms Cultivation To Be Extended

The cultivation of button mushrooms, which can be preserved by canning, will be expanded after successful experimental cultivation, it is learnt from Myanmar Agri-Tech Limited. This canned mushroom variety was experimentally cultivated in Taunggyi and Heho townships in November, 2015, resulting in a successful harvest. A total of five mushroom farms will be cultivated this […]

New China Refinery Faces Delay as Myanmar Seeks Extra Oil Tax: Sources

A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nation, two senior Chinese industry sources said. PetroChina parent CNPC early last year began trial operations of a deep sea port and 2,400-km (1,490 […]

NLD Lawmaker Claims Foreign Workers are Flouting Visa Regulations, Harming Local Interests

RANGOON — National League for Democracy (NLD) divisional lawmaker U Than Naing Oo called on the Rangoon Division government to investigate the legal status of foreign workers in the city, who he believed were flouting visa regulations and harming local interests. In the Rangoon Division parliament on Thursday, U Than Naing Oo, who represents Pabedan […]

Illegal foreign-run businesses in Yangon MPs’ crosshairs

Amid much talk of luring outside investment to Myanmar, Yangon Region lawmakers have indicated that they want to see greater scrutiny of foreign operators of illegal businesses in the commercial capital. Regional MPs yesterday approved a proposal to debate cracking down on these foreign entrepreneurs next week. Parliamentarian U Win Maung (NLD; Hlaing Tharyar 1) submitted the […]

Govt mulls rejection of US$300 million loan from China

Thanks but no thanks, the Myanmar government may be preparing to say to a major Chinese lender. As Foreign Minister Daw Aung San Suu Kyi discussed the future of the controversial Myitsone dam project and other aspects of Myanmar-Chinese relations in Beijing, questions were being raised as to whether the country needs to take on an additional […]

Myanmar needs to break into the European markets, say jade dealers

More than the sole reliance on the Chinese jade market, efforts are required to break into European markets as well in order to protect Myanmar’s jade market, say sources in the jade trading industry. In order to revive the domestic jade market by breaking into European markets, jade dealers exclaim that more needs to be […]

In Myanmar, the AIIB Could Buttress China’s ‘One Belt, One Road’ Framework

The Asian Infrastructure Investment Bank could come to play a greater role in Myanmar. Is the Asian Infrastructure Investment Bank (AIIB) just another vehicle for spreading Chinese geoeconomic primacy throughout the Asia-Pacific? Earlier this year, reflecting on the bank’s first projects, I argued that such fears were overwrought. The AIIB, with modest partnership-based undertakings along with […]

Myanmar: 45 Million Mobile Phones And The $19 3G Smartphone – Forbes

The photo above shows a shiny new $19.44 smartphone for sale in Yangon.  When I saw this in small corner shop on Anawrahta Road near Pansodan a few weeks ago, the 23,000 kyat (at 1,183 kyat/US$1) price included one SIM card. As you can perhaps see, it’s 3G capable and has slots for two SIM […]

A Myanmar bank’s e-wallet scheme to go nationwide

YANGON – Myanmar Apex Bank, the nation’s first bank to offer an e-wallet service, has set its sights on expanding the service across the country in three months, banking on the high mobile phone penetration rate. Managing director Win Min Khine said mobile banking was developed as an agent-based model where customers can open their […]