Daw Suu pitches Myanmar to ASEAN, vows to improve business environment

State Counsellor Daw Aung San Suu Kyi in Singapore yesterday sought to drum up investor interest in Myanmar, couching the country’s economy as “Southeast Asia’s final frontier market with innumerable investment opportunities.” Daw Aung San Suu Kyi was delivering her keynote speech at the 2018 ASEAN Business and Investment Summit in the city state, where […]

India, Myanmar sign MoU towards Sittwe Port operationalisation

NEW DELHI: India and Myanmar signed an important MoU on Monday for the appointment of a private Port Operator for the Operation and Maintenance of Sittwe Port, Paletwa Inland Water Terminal and associated facilities included in the Kaladan Multi Model Transit Transport Project in implementation of India’s Act East Policy. Following this MoU the process […]

Daw Aung San Suu Kyi’s Brother Appeals Inheritance Ruling to Supreme Court

Myanmar State Counselor Daw Aung San Suu Kyi’s brother has filed a special appeal to the Union Supreme Court asking it to review a Yangon court’s decision in his legal dispute with her over an inheritance. Yangon’s Western District Court ruled in 2016 that the home on Yangon’s University Avenue in which Daw Aung San […]

USDP seeking to make comeback in 2020 elections

Leaders of the Union Solidarity and Development Party (USDP), which lost seats in the 2015 general election, say they are overhauling the party to regain their standing in 2020. The USDP was defeated by the National League for Democracy (NLD) led by Daw Aung San Suu Kyi and has been serving as the opposition and […]

State Counselor Encourages Japanese Investment in Myanmar

Myanmar’s State Counselor Daw Aung San Suu Kyi has invited Japanese investors to seek investment opportunities in Myanmar as she believes that Japan has a deep understanding of the country’s struggle in the Rakhine crisis and peace process. On Monday, in her keynote speech at the Myanmar Investment Conference in Tokyo, Daw Aung San Suu […]

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 […]