Myanmar’s transition committee lays out priorities

For the first time since Myanmar’s independence, the country will see its military government hand over its responsibilities to a civilian government. To ensure a smooth transfer of power, members of the outgoing military government and the National League for Democracy (NLD) have formed a joint eight-member transition committee. One of the committee’s members is […]

Panalpina opens office in Myanmar

Panalpina has opened its own office in Yangon, the largest city in Myanmar after working through agents for many years. The move follows the establishment of a civilian government in the country in 2011. “Panalpina has worked with customers in Myanmar for many years through dedicated agents,” said country Thorsten Harenberg. “We have been grateful […]

Gas exports reach US$10 bn in 3 years

Myanmar’s natural gas exports have amounted to over $10 billion in three years under the civilian government, according to the Ministry of Commerce. The gas revenues comprise $3.5 billion for fiscal year 2011-12, $3.66 billion for 2012-13 and $3.3 for 2013-14. In the same period, exports of timber and wood products amounted to $2 billion. […]

Myanmar receives largest aids from Japan and US

The largest portion of international aids which Myanmar has received since Thein Sein’s government took office in 2011 came from Japan and the United States, according to a report from Ministry of National Planning and Economic Development. The combined aid funds from the two countries amounted to over US$460 million, said the report. Since the […]

Myanmar committee to look into establishing capital market

A committee to look into establishing a capital market in Myanmar will be set up this year according to officials from the Ministry of Finance. Myanmar has recently opened up its economy to foreign investment as the country began a transition from military dictatorship to civilian government in 2011. It is now seeking to establish […]