Businesspeople Urge State Counselor to Reduce Tax And Loan Interest Rates

Leading businesspeople urged State Counselor Daw Aung San Suu Kyi to reduce tax and bank loan interest rates during a meeting in the administrative capital Naypyitaw on Tuesday. Potential investors are maintaining a wait-and-see attitude and Myanmar’s economy is experiencing a slowdown, said leading builder U Maung Weik. Reducing bank loan interest and tax rates […]

State Counsellor urges entrepreneurs to help grow nation’s wealth

Myanmar’s business community has an important role to play in ensuring the country’s political voice is heard on the global stage, State Counsellor Daw Aung San Suu Kyi said at the meeting between government officials and business persons and at Myanmar Convention Centre in Nay Pyi Taw yesterday. She said the reason Myanmar’s political voice […]

State Counselor’s Tourism Plan Promising but Hard to Implement

While giving State Counselor Daw Aung San Suu Kyi high marks for her strategies to reform the tourism sector, tour operators point out that conditions on the ground make her suggestions hard to implement. Speaking at a National Tourism Industry Development Central Committee meeting in Naypyitaw on Friday, Daw Aung San Suu Kyi put forward […]

Singapore Pledges Continued Support for Myanmar

Singapore’s foreign minister said the city-state and current ASEAN chair would continue to support Myanmar’s economic development and peace process through its many challenges. Speaking with journalists from across the regional bloc on Monday, Vivian Balakrishnan said Singapore stood with Myanmar as it tackled economic challenges, civil war and the Rohingya crisis. Balakrishnan has met […]

Why Myanmar is concerned about Chinese investment

I write in response to an article published here by an assistant fellow at the One Belt-One Road Strategy Institute of Tsinghua University. In my opinion, the article misread the true situation in Myanmar and might unintentionally jeopardize the reform agenda of the National League for Democracy (NLD) government, particularly in regard to economic development […]

Workers protest to lift ban on blocked gold mine

Workers have started a weeklong protest to regain mining rights for Moehti Moemi gold mine in Yamethin district of Mandalay, which had its permit blocked by the government, said an official of the National Prosperity Company on Wednesday. Around 500 protesters began the protest on Sunday and will continue until Saturday to push for their […]

National Security Adviser Named New Head of Govt Investment Body

MANDALAY — Government Office Minister and national security adviser U Thaung Tun has been appointed chairman of the Directorate of Investment and Company Administration (DICA). Wednesday’s announcement of the appointment by DICA followed last month’s resignation of Planning and Finance Minister U Kyaw Win, who also chaired the investment body and is under investigation for […]

Yangon’s new city vastly ambitious but govt’s role called into question

YANGON’S government has formed a company to develop a landmass twice the size of Singapore as a re-launch of the “new city” development project abandoned last year. While officials has gone as far as comparing the project’s ambition with the urban development of China’s Shenzhen, a business leader has called into question why the government […]

NLD government to face tougher challenges in 2018

Among the many countries struggling for democracy, some succeed, some fail, while others slide back after a few measures of success. Myanmar is one of these countries, which recently gained democracy through peaceful reforms and elections but now appears to be sliding back to its old draconian ways. After more than 20-year military rule, the […]

Raising the Role of Women in the Myanmar Economy

Women in Myanmar have taken a more significant role in the economy, although much more can be done to narrow the gender gap. Myanmar ranks 83 among 144 nations in the World Economic Forum’s Gender Gap Report 2017, which is higher than major Asian economies including China and South Korea as well as its neighbours […]