Parliament approves to borrow US$80 M from ADB

Union Parliament approved to borrow US$80 million from Asian Development Bank (ADB) for towns along Greater Mekong Sub-region development project. Kyaw Tin, Deputy Minister for Construction said the project is to develop towns located along the East-West Economic Corridor in Greater Mekong Sub-region. The ministry chose Hpa-an and Myawady from Kayin State and Mawlamyaing from […]

Economy More Important Than Democracy in Myanmar, Survey Says

YANGON — Myanmar people rated economic development as more important than democratic reform, according to a survey of Myanmar public opinion by the International Republican Institute (IRI) released on Tuesday. The survey questioned 3,000 people over the age of 18 across all states and regions between March 9 and April 1, 2017 on their views […]

Inflation lurks over Myanmar’s favorite meal

YANGON — Shan khauk-swe is a noodle dish widely devoured in Myanmar. Many street stalls in Yangon, the largest city, serve the ethnic delight, originally from the northeastern state of Shan. And despite rising prices and foreign fast-food options — Myanmar people still eat it up. A bowl of shan khauk-swe consists of rice noodles […]

Gold Exchange Market to Open in 2017

RANGOON — The Myanmar Gold Entrepreneurs Association plans to open a gold exchange market in Rangoon this year. The official gold market has been in the works for three years, and various ministries are now assisting in its creation, said U Kyaw Win, general secretary of the association, at its 14th anniversary ceremony in Rangoon […]

Suu Kyi’s novice MPs learn ropes in outgoing Myanmar parliament

Hundreds of newly-elected Myanmar MPs from Aung San Suu Kyi’s party took lessons in lawmaking from the outgoing army-dominated parliament on Wednesday (Jan 27), days before taking their seats in the most democratic legislature for decades. A landslide victory for Suu Kyi’s National League for Democracy (NLD) in November polls will give the politicians their […]

Pattko Alleges Foul Play in Economic Zone Tender; Calls for Re-examination

Subscribe to our tender alert mailing list Pattko Global Development Company, which was one of the bidders for the tender of the second central economic zone project in Yangon, has alleged opaqueness in the tender awarding process and called for re-examination. The company said that the country has lost billions because of offering low rental […]

MTSH Won’t Sell Thilawa Zone B Shares Yet

Myanmar Thilawa SEZ Holding (MTSH) Public Limited will not sell its ‘Zone (B)’ shares in the near future, according to the company’s second annual general meeting. There are three zones in the Thilawa Special Economic Zone development – Zone (A), Zone (B) and Zone (C). A total of 2,145,000 shares for Zone (A) have already […]

How ASEAN should navigate a tricky 2016

Many turbulent events in 2015 were symptoms of a world lacking in optimism and growth, and facing possible changes in the global order. Even as social and economic uncertainties continue, competition is increasing among major powers, especially between the US and China. There is not much that smaller countries can do to directly change these […]

Ruby miners leave Mogok as Chinese demand plummets

Traders in ruby-rich Mogok, Mandalay Region, have traditionally relied on custom from Chinese buyers, but over the past year businesses has become slower and slower, leading many miners to pack up and move to the quartz mines in Tanai township, Kachin State. The lacklustre market looks likely to continue at least until early next year, […]

Property Market Report in Mandalay, 2015

Primer Research Report Mandalay | Property Market 2015 Highway to Mandalay The city rises as a property investment Destination The famous poem by Rudyard Kipling immortalized the city, making the name Mandalay more recognisable than the place itself. That situation is now slowly being addressed since Myanmar started the reform process in 2011. Mandalay, the […]