Zuckerberg apologized for Myanmar Violence

Last week, after frustrated activists from Myanmar sent an open letter to Mark Zuckerberg, the chief executive of Facebook, they got something unexpected: a reply. The activists, representing six civil society organizations, harshly criticized Mr. Zuckerberg in the letter, saying he had mischaracterized Facebook’s response to violence-inciting messages in Myanmar and had not devoted sufficient […]

Myanmar’s Approach to India

Myanmar can be described as the quintessential small state whose foreign policy is impinged on by the overtures of its larger neighbors — China and India. That is in part due to its geographical location impacting Myanmar’s policy formulation, but also a reflection of the fact that, historically, Myanmar’s military rule has led to global […]

Railway reforms in Myanmar pick up steam

Since traffic congestion in Yangon has worsened due to the rise in internal migration, Myanmar has plans to speed up its railway sector reforms from this year onwards, according to a government official. Ba Myint, senior general manager and project director at Myanma Railways, said state-owned trains carried more than 47 million passengers last year, […]

Tourist Arrivals in Myanmar’s Second Largest City Up 26 Percent in 2017

Tourist arrivals in Myanmar’s second largest city of Mandalay in the north increased by about 100,000 or 26 percent correspondingly, hitting 483,784 in 2017, according to a latest statistics of the Directorate of Hotels and Tourism of Mandalay region. In 2016, 385,031 world tourists visited the last royal capital, a year-on-year rise from 2012’s 160,795. […]

Myanmar Takes Small Steps Towards Providing Greater Liquidity for SMEs

A rising number of start-ups as well as small and medium enterprises (SMEs) are emerging in Myanmar as business opportunities rise. However, many companies fail to achieve their full potential and contribute substantially to the economy because capital assistance is lacking in the country. In Myanmar, banks require collateral in the form of property before […]

More Asian Travellers Expected to Arrive in 2018

Industry players forecast tour packages from Asian markets to jump 25 percent in 2018 and 2019, while arrivals from European countries could dip by almost 20pc for the same period. U Khin Zaw, advisor of the Union minister of Hotels and Tourism, told The Myanmar Times on January 3 that the change in arrival pattern was […]

Major Dutch timber company found guilty of dealing in illegal teak

Dutch company Boogaerdt Hout has been found guilty of violating the European Union Timber Regulation (EUTR) for placing illegal Burmese teak on the market. The company has two months in which to clear its supply chain of illegal wood. An investigation has revealed a major Dutch timber company placed illegally sourced teak from Myanmar on […]

Mandalay modernises chamber in bid to draw investments

THE business chamber in Mandalay, Myanmar’s northern economic hub, is undertaking modernisation through a partnership programme with a regional chamber of commerce in Germany. The German IHK Reutlingen (Industrie und Handelskammer Reutlingen) is currently undertaking a three-year agreement with the Mandalay Region Chamber of Commerce and Industry (MRCCI) to restructure the latter and modernise its […]

Moscow steps up business with Nay Pyi Taw

At a Russia-Myanmar Intergovernmental Commission on Trade and Economic Cooperation (RMIC) meeting in Moscow last month, Russian commission chair Minister Maksim Oreshkin and Minister for the Ministry of Planning and Finance, U Kyaw Win, signed an agreement to set up a Russia trade representative office in Yangon. The trade representative office should be launched by […]

Tourasia co-owns Diethelm and is in driver’s seat

Swiss tour operator Tourasia has emerged as a substantial shareholder of Diethelm Travel Group (DTG) with its founder/managing director (MD) Stephan Roemer taking the driver’s seat at DTG as its CEO based in Bangkok, effective next week. Lisa Fitzell, group MD of DTG, is on a garden leave till January and is no longer with […]