A National Education Strategic Plan for a prosperous, peaceful and united Myanmar

The first National Education Strategic Plan (NESP) was launched today in Nay Pyi Taw by Myanmar’s State Counselor Daw Aung San Suu Kyi. The Plan includes a common policy framework which sets the strategic directions for the next five years; a clear road map for guiding all investments in the sector, both domestic and international; […]

India Petroleum Minister visits Myanmar for strengthening Hydrocarbon Relations

The Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan is on an official visit to Myanmar to enhance regional cooperation in the Hydrocarbon sector with the neighbouring country. India and Myanmar have historical and close relations which have withstood the test of time. We both share a long land and maritime border. As […]

The Budget: What Do Taxpayers Want?

\ In Nay Pyi Taw, preparations are now well advanced for finalising the budget and Union tax law which will establish the Government’s revenue-raising and spending priorities for the 2017-18 financial year. It is an annual event that always encourages advance speculation. But this year it is being more eagerly anticipated than usual because it […]

Construction and Real Estate Sectors Pin 2017 Hopes on New Legislation

​​ The construction sector will be glad to see the back of 2016 – a year in which a political transition, a high-rise review and a volatile currency conspired to leave many developers battered and bitter. But there were also signs of a fragile recovery in the real estate market, and new laws set to […]

Animosity in a Burmese Hub Deepens as Chinese Get Richer

MANDALAY, Myanmar — From damp and drizzly London, the siren of British imperialism, Rudyard Kipling, wrote a poem that captured the palm trees, pagodas and temple bells of Burma during colonial rule. The romance of that verse, “Mandalay,” became a refrain for the exotic East, and of this city, in particular, once a royal capital […]

The Lady’s Painting Generates Auction Buzz

An enigma in pastel shades, the picture of a fish behind bars, at once poignant and pregnant with meaning, was painted by Daw Aung San Suu Kyi while under house arrest in 2009. It is now being auctioned to raise money for the non-profit Daw Khin Kyi Foundation. The charity was established in 2010 by Daw Aung […]

Govt Unveils Detailed Economic Policies

NAYPYIDAW — Long-awaited detailed economic policies were announced by the government in Naypyidaw today with State Counselor Aung San Suu Kyi pledging a secure business environment for both local and foreign investors. “I would like to invite all business people to work with us,” the state counselor said. “That is why we host this meeting.” […]

Aung San Suu Kyi Woos Tycoons in Naypyidaw Meet-Up

NAYPYIDAW — State Counselor Daw Aung San Suu Kyi reassured some of Burma’s most prominent tycoons that their place in Burma’s economy and society was secure, so long as they backed government policy, left themselves open to scrutiny, and “worked for others.” She stressed that her intention was not to dwell on the past, expressing […]

New Investment Law Hailed as ‘Essential’ to Development

Business leaders have welcomed the approval of a new investment law that they hope will cut red tape and bring an end to concerns that foreign and local businesses are being treated differently. The Upper House approved the Myanmar Investment Law without amendments last week, and the legislation is due to come into effect in […]

Military Officials, Cronies Released from US Blacklist

RANGOON — Burma’s former dictator Snr-Gen Than Shwe was among individuals removed from the US Treasury’s blacklist following the lifting of Burma sanctions on Friday. Another 16 senior military officials, including former Vice Snr-Gen Maung Aye, have been removed from the US Treasury’s Office of Foreign Asset’s Specially Designated Nationals and Blocked Persons (SDN) List. Apart from senior military officials, military-related businesses […]