Economic reform in 2015 out of the world’s spotlight

Next year could the most important for Myanmar’s economic transition since the heady days that followed the transition from a military to a civilian government. The world’s attention may be drifting away, the spotlight drawn by any number of international concerns, while some circling investors appear flummoxed by the pace of change. The expectations of […]

Thura U Shwe Mann says economic reform needs a boost

Myanmar’s economic reform process has not yet reached its goal, Parliamentary Speaker Thura U Shwe Mann told business people and media at a meeting at the office of the Hlinethaya Industrial Zone on December 13. “Our country needs to carry out more and more reform processes. Although the nation is satisfied with the political reform […]

Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts

Property prices in Rangoon continue to soar and government measures to cool down the real estate market in Burma’s biggest city are failing to make an impact, according to property agents and economists. They said the government should revise its property tax policies in order to stop further price rises. Currently, real estate buyers can […]

Serge Pun to give rivals a run for their money

YANGON — As founder of Myanmar’s only listed business and head of a commercial network spanning more than 30 companies, Serge Pun is more used to winning than losing. That habit is well-attested to by the swanky surrounds of the family-run Pun Hlaing Country Club—a 660-acre golf and residential retreat complete with hospital and shopping […]

Myanmar pipeline project gives China pause for thought

China National Petroleum Corporation (CNPC) on June 4 announced the completion of its Sino-Myanmar gas pipeline project (Myanmar section), signaling that it is ready to enter trial production. The oil pipeline between the two countries is currently 94 percent complete. As China’s fourth largest strategic energy import channel, the China-Myanmar Oil and Gas Pipeline Project, […]