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 […]

Ruili – A Frontier Market Marked by Soft Power

In southwest China’s city of Ruili, the gateway to Myanmar, visitors are surprised by the simple and practical ease with which a seamless international border has been drawn — and managed. There is no pageantry here, no elaborate change of armed guards and no bugles. A simple but prominent yellow line divides Myanmar’s Mangxiu village […]

Traders wish for negotiations with Chinese for blocked bank accounts

Traders want the State to enter into negotiations with the Chinese government over 1,000 bank accounts of Myanmar merchants which are frozen by Chinese banks, merchants said. The Chinese government blocked the bank accounts which are used in transactions in the course of taking actions against illegal importers from Myanmar and Viet Nam. The bank […]

Split visions of Dawei’s future as Thailand, Myanmar restart special economic zone project

The governments of Thailand and Myanmar are set to restart the development of the Dawei deep-sea port and special economic zone, after both countries set up a joint coordinating committee to work out investment details of the project. In 2008, both countries signed a memorandum of understanding to develop a massive land area of 200 […]

Yangon govt ‘invests’ Ks70bn in YBS

Yangon Bus Public Company Ltd (YBPC) has deposited Ks70 billion at the Ayeyarwady Bank for the Yangon Bus Service (YBS), according to Myint Thaung, the regional minister for planning and finance. Replying to the question raised by Sandar Min, an MP representing Seikgyi Khanaungto constituency no.1, about investment, profit-sharing and the business plan for the […]

Foreign investment booms in Myanmar telecoms

Overseas companies spent big on building mobile phone infrastructure in Myanmar over the past year, while they took a break from exploring oil and gas. Foreign investment in Myanmar’s transportation and telecommunications sectors surged to $3.08 billion for the year ended March, a 60% jump. In contrast, spending in the gas and oil industry — […]