Japan Inc. pours cash into Myanmar despite Rohingya crisis

YANGON — Japanese companies are investing aggressively in Myanmar with help from Tokyo, even as their European and American counterparts shy away while hundreds of thousands of Rohingya Muslims flee the country to escape persecution. Japan’s businesses were approved to devote a record $1.47 billion to the Southeast Asian nation for the fiscal year ended […]

Regions and States Seek Permission to Operate Casinos

FIVE regional and state chief ministers have sought permission to operate casinos in hotels in their respective territories during a meeting with Vice President U Henry Van Thio in Nay Pyi Taw in last month, according to U Yan Win, chair of Myanmar Tourism Federation. The chief ministers from Mandalay, Tanintharyi, Shan, Kayin and Mon discussed […]

Sink-or-Swim Time for ASEAN Latecomers as Tariffs Come Down

HANOI — Cambodia, Laos, Myanmar and Vietnam are no longer getting the kid-gloves treatment in the ASEAN Economic Community. As late entrants to the Association of Southeast Asian Nations, the four countries were initially exempted from abolishing some tariffs when the bloc established the AEC at the end of 2015. As of Monday, however, they […]

Bumpy Ride for Tourism Seen in 2018

The tourism industry this year went beyond expectations despite the sudden outbreak of violence in the northern Rakhine State that gave the country a negative image, but the sector is expected to face a more challenging environment next year. Tourist arrivals in the first 11 months this year was 20 per cent higher compared with the […]

Myanmar Woos China, Southeast Asian Tourists

Myanmar is shifting its tourism focus towards China and South-East Asia markets after Western and European tourist inflow witnessed a decline due to recent turmoil in northern Rakhine State. “We will focus on the countries which have good relations with Myanmar for tourism promotions, such as China, South Korea, Japan and ASEAN,” U Yan Win, […]

Myanmar Garment Sector Sees Explosive Growth

European and Asian countries are increasingly placing orders for Myanmar garments, said Aung Htoo, the deputy minister for commerce at the opening ceremony of Myanmar SUMEC Win Win Garments in the Shwepyithar Industrial Zone. The local garment sector is said to be young, but it is rapidly growing and has momentum, said Aung Htoo. In […]

French chamber opens branch in Mandalay

The French chamber will launch its Mandalay business centre in early November to serve European, French and Myanmar businesses eager to expand into the country’s second largest city. CCI France Myanmar Business Centre will be located in Unit 5, Block 2 of the Mingalar Mandalay Compound. Situated beside the old Chanmyathazi airport and across the […]

Suu Kyi’s man in Yangon under fire over transit deal with China

Aung San Suu Kyi’s first major infrastructure project could hardly be more visible – hundreds of new yellow buses now plying the streets of Yangon in what her ruling party hopes will be a potent symbol of how it is transforming peoples’ lives. But two deals to import 2,000 buses from China estimated at more […]

Deals Designed to Keep The Lights on in Emerging Markets

Demand for power in the emerging markets of the Asia-Pacific region is rising so fast that authorities often struggle to secure the private international finance needed to keep pace with rising energy needs. In some cases, it is falling to lawyers to tempt international investors to stump up funds for power projects in some of […]

Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]