Indonesia

Local businesses propose to establish industrial zone in central Myanmar

September 7, 2018 by Thiha

YANGON, Sept. 2 (Xinhua) — Local businesses will submit a proposal to the regional government in Myanmar’s central Magway to establish an industrial zone there, the official Global New Light of Myanmar reported Sunday. The industrial zone was proposed to be located far from the residential area as the noise, odor and air pollution from […]

Filed Under: Latest News Tagged With: Air Pollution, Central Myanmar, China, concrete plant, Denmark, foreign enterprises, fried bean, groundnut mills, Indonesia, industrial zone, iron and steel businesses, Magway, mandalay, Mandalay Myotha Industrial Development Public Company, Mandalay Region government, MMID, Myanmar investment commission, Myotha Industrial Park, noodle, oil mills, roasted sesame mills, snow cookie plant, Thailand, U.S. dollars

Why Facebook is losing the war on hate speech in Myanmar

August 27, 2018 by Thiha

YANGON, Myanmar – In April, Facebook founder Mark Zuckerberg told U.S. senators that the social media site was hiring dozens more Burmese speakers to review hate speech posted in Myanmar. The situation was dire. Some 700,000 members of the Rohingya community had recently fled the country amid a military crackdown and ethnic violence. In March, […]

Filed Under: Latest News Tagged With: Aela Callan, Allah, Anthony Larmon, Bengalis, Burmese, CEO of Phandeeyar, Chris Tun, David Madden, Echo Myanmar, Facebook, Indonesia, Jes Kaliebe Petersen, kalar, Lars Erik Tellmann, mark zuckerberg, Military, muslim, Myanmar, Refugees, Rohingya, Rohingya-style food, Senate, social media, United Nations

Grab cashes up for a bigger taxi fight

August 13, 2018 by Thiha

GRAB is arming itself for a long fight. The ride-hailing firm won one big battle earlier this year when it pushed US giant Uber out of South-east Asia. Much of its latest US$1 billion funding round will be spent in Indonesia, where the Singapore-based group is up against homegrown rival Go-Jek. That country is where […]

Filed Under: Latest News Tagged With: Anthony Tan, App Annie, Bloomberg, China, Didi Chuxing, Go Jek, Grab, Indonesia, Microsoft co-founder Paul Allen, Myanmar, ride-hailing firm, singapore, Softbank, South East Asia, Toyota Motor, Uber, US giant Uber

SolarHome bags more funding to expand into Myanmar, Indonesia and Cambodia

August 7, 2018 by Thiha

SolarHome, an off-grid solar firm focused on Southeast Asia, has raised US$5 million to date, having recently closed a US$1 million convertible note offering with impact venture capital firm Insitor Impact Asia Fund. The new funding will help SolarHome to extend its network of hubs throughout Myanmar, offer more products and expand into Indonesia and […]

Filed Under: Latest News Tagged With: Bradley Kopsick, Cambodia, chief executive and co-founder, Households, Indonesia, insitor, microfinance, Myanmar, off-grid solar firm, renewable energy, SolarHome, Southeast Asia, Ted Martynov

Illegal trade more rampant than before, govt measures not effective

August 3, 2018 by Thiha

Government efforts to prevent illegal border trade have not been effective or sufficient and counterfeit goods are still being smuggled into the country. In fact, things are worse than before. “Illegal trade can’t be controlled. Illegal trade is worse than before even though measures were taken to reopen some of the border gates by the […]

Filed Under: Latest News Tagged With: 105th Mile trading zone, Assistant Director, assistant secretary, cheaper prices, China, Foreign Liquor, fuels, gemstones, illegal border trade, illegal products, illegal trucks, Indonesia, inspection gates, Kayin, Kayin State government, Kyaingtong-Mine Yan, legal taxation team, Livestock, Local Market, Magwe Regions, mandalay, Mayanchaung, minerals, Mineyan-Minekhat road, Ministry of Commerce, Mon states, Muse, Myanmar Times, Myanmar-China border, Naung Cho, Oo Zwe port, Products, Revenue, Sagaing, Shan, Shan border gates, Shan State, supervision, Tachileik, Tar Kaw Bridge, Tarlay-Pasho-Kyinelat Road, Taunggyi, tax revenues, Thailand, Timber, U Khin Maung Lwin, U Min Aung, Wanpone port, Yaypu

Fast-Growing Coffee Sector Looks for Extra Shot of Support From Government

August 1, 2018 by Thiha

YANGON— Myanmar’s coffee market is growing robustly, with the country’s beans attracting increasing interest in international markets as well as locally, industry sources said. U Min Hlaing, secretary of the Myanmar Coffee Association, said demand for Myanmar coffee has surged in the past few years and it is now being exported to more than a […]

Filed Under: Latest News Tagged With: Arabica, Belgium, Canada, Chin states, coffee beans, Coffee Sector, dozen Asian, Indonesia, International Markets, Kachin, Kayah, Laos, Loans, Mandalay Division, Ministry of Agriculture Livestock and Irrigation, Myanmar Coffee Association, Myanmar’s coffee market, New Zealand, Robusta, Secretary, Shan, Technology, the chairman, tourism sector, U Min Hlaing, U Ye Myint, United States, Vietnam, WASHINGTON, Western Countries

Kayah State sees rising FDI, interest in agriculture sector

July 16, 2018 by Thiha

Investor interest in the agriculture and livestock sector in Kayah State has been on the rise in recent years, Daw May Myo Zaw, secretary of Kayah State Investment Committee, told The Myanmar Times. According to the 2018 Kayah State Investment Opportunities Survey released by the committee, investors had identified the agriculture and product manufacturing for […]

Filed Under: Latest News Tagged With: 2018 Kayah State Investment Opportunities Survey, agriculture and livestock sector, cinemas, Daw May Myo Zaw, De Heus Myanmar, DICA, Directorate of Investment and Company Administration, Exports, FDI, foreign direct investments, foreign investors, Founder, Genius Shan Highlands Coffee, high land prices, hotel construction projects, hotel development, illegal border trade, Indonesia, Japfa Comfeed Myanmar, Kayah, Kayah Investment Forum, Kayah State, Kayah State Investment Committee, lack of talent, limited technology, livestock feed manufacturer, marble production, Security, the Kayah State Investment Committee, the Netherlands-headquartered animal feed company, tourism, U Ngwe Tun

Myanmar risks falling into a China debt trap

June 12, 2018 by Thiha

To understand China’s top priority in Myanmar, forget Beijing’s involvement in the country’s sputtering peace process, or efforts to restart its backed but now suspended US$3.9 billion Myitsone hydroelectric dam, or even securing rights to extract copper at the locally resisted Letpadaung mine outside of Mandalay. Those are all subordinate interests to what China really […]

Filed Under: Latest News Tagged With: Africa, American, Arabian Sea, Belt and Road Initiative, BRI, China, China debt trap, China Merchants Port Holdings, Chinese naval vessels, Copper, deep sea port, Dimapur, Ethiopian capital Addis Ababa, Europe, foreign investment bonanza, French, government economic advisor, Guwahati, Hambantota Port, IMF, Imphal, Indian Ocean, Indonesia, International Monetary Fund, Kohima, Kyaukpyu, Lashio, Luxury Hotels, Malacca, Malaysia, mandalay, Muse, Myanmar, Myanmar risks, Myitsone hydroelectric dam, Myitsone hydroelectric project, Northeast India, oil and gas pipelines, Pakistan, peace process, President Thein Sein, Rakhine State, Red Sea and Suez Canal, Ruili river, Sean Turnell, Sri Lanka, Western investors

AboitizPower seeks greenfield projects in Indonesia, Myanmar

May 31, 2018 by thiha

MANILA, Philippines — Aboitiz Power Corp. continues to scout for greenfield projects in Indonesia and Myanmar, while still on the lookout for potential acquisition in the Philippines, top officials said. In a briefing after the company’s stockholders’ meeting Monday, Aboitiz Equity Ventures Inc. president and CEO Erramon Aboitiz said the thrust to pursue new power […]

Filed Under: Latest News Tagged With: Aboitiz Equity Ventures Inc., Aboitiz Power Corp, AC Energy, asean, Ayala Corp, Indonesia, Myanmar

Myanmar turns attention to Asian travellers as European markets decline

May 29, 2018 by Thiha

With Asian markets dominating in the face of declining European arrivals, Myanmar tourism players are shifting their focus to intra-regional travellers. The Asian market accounted for 70 per cent of international arrivals to Myanmar in 2017. Growth in the market is led by Vietnamese visitors, with a 75 per cent year-on-year increase at Yangon International […]