Yangon focuses on creating growth opportunities, raising living standards

The Yangon Regional Government is drawing up a master plan with the aid of the Japanese International Cooperation Agency and Korea International Cooperation Agency to transform Yangon into an economic hub with job and business opportunities for residents and investors, according to a report on the government’s performance by state-owned media yesterday. Topping the list […]

Myanmar’s ‘Valley of the Rubies’ emerges from shadows

MOGOK, Myanmar — When the world hears about Mogok, it usually concerns some hefty ruby unearthed in the region and auctioned for millions of dollars — the kind of discovery that has dominated news about the remote gem-mining town for decades. But with gnawing anxieties over dwindling gem deposits, locals are turning to a promising […]

New vocational institute opens in Yangon

Suu Vocational Institute, which will provide vocational training for people lacking formal education, opened in Hlaing Thayar township on Tuesday. “All the vocational training will follow State Counsellor Daw Aung San Suu Kyi’s instructions. Myanmar needs more vocational education because most people do not get degrees so they need vocational education to live better. The […]

Bumpy Ride for Tourism Seen in 2018

The tourism industry this year went beyond expectations despite the sudden outbreak of violence in the northern Rakhine State that gave the country a negative image, but the sector is expected to face a more challenging environment next year. Tourist arrivals in the first 11 months this year was 20 per cent higher compared with the […]

Beware what you eat!

Strand Road, Yangon comes alive at night with market stalls selling all sorts of food ranging from Chinese to local bites such as montdi, mohinga, ngaphee, bean curds, several salads and avariety of barbecues. However,customers have to be careful as some of these foods could contain formalin while salads may be dressed with sweetening agent. […]

For Bengalis in Yangon, memories of a long-gone era

  RECENTLY IN YANGON: “Nearly a dozen Durga pujas are held in Rangoon, but ours is the best,” 84-year old Murari Mohan Lodh declared proudly. “We offer ‘bhog’ (the vegetarian Bengali meal offered to the gods) to thousands, including many Burmese, during the Puja days,” he added. It was a Sunday afternoon in September. Lodh […]

China ups its game in Myanmar’s SEZ race

CHINESE investors have expressed an interest in investing and developing the area across Yangon River and to construct an international airport, a port and housing projects, according to a local Chinese business association. The proposed locality and projects overlap with the prospective South Korea-led special economic zone. Members of the Yangon-headquartered Myanmar Chinese Chamber of […]

More FDI essential for substantial increase in garment exports

The study called for an expansion of training in the garments sector to tackle shortages of high-level skill as well as complementary reforms in finance and trade policy. The briefing paper Foreign direct investment and economic transformation in Myanmar, written by Stephen Gelb, was published in June 2017 by Supporting Economic Transformation (SET). Funded by […]

Why India Isn’t Really ‘Acting East’ in Myanmar

As an ascendant economic and political power, India has long been eager to assert its influence on the global stage, particularly in neighboring Southeast Asia. India’s intentions for foreign engagement are best articulated in its so-called Act East policy, an ambitious effort to elevate Indian influence via economic and strategic links with the subregion. Central […]