More Singapore firms planning to invest in Myanmar in next two years

Singapore companies have big plans to expand in ASEAN over the next two years and Myanmar, with its growth potential and overall investment climate, is on the cards for many, according to a recent survey by the Singapore Business Federation (SBF). The survey, conducted from December 2017 to March 2018, collected views from 1036 Singapore […]

Mandalay’s challenging road to becoming a smart city

At the 32nd ASEAN Summit in Singapore in April, Singaporean Prime Minister Lee Hsien Loong called for an ASEAN Smart Cities Network to assist smart and sustainable development in 26 cities in ASEAN. Earlier this month, a list of the 10 most promising cities among the 26 was highlighted by Cristina Lago, online editor of […]

Myanmar still weak in enforcing contracts, protecting minority investors

Myanmar has done undertaken two reforms to improve access to power supply and the ease of starting a local business, according to the latest report from the World Bank. However, pace of reform on most regulations affecting the private sector remain stagnant. In the newly-released World Bank’s 2019 Doing Business rankings, Myanmar ranks 171th out […]

Burmese days: Yangon monuments to the rare Chinese who made their fortunes in colonial era

Lim Chin Tsong was one of the few Chinese migrants to succeed in colonial-era Burma, now Myanmar – which the British incorporated into its much bigger possession, India, and where Chinese were subordinate to Indians, in contrast to their status in other Southeast Asian cities. “Unlike the Chinese in Thailand, Malaysia, Indonesia and the Philippines, […]

Southeast Asia seeks ways to protect car industry

Several Southeast Asian countries are finding ways to protect their emerging car industries from imports, after eliminating auto duties by the end of last year. Indonesia, Vietnam and Thailand have introduced measures either to hinder imports or benefit local production, while Malaysia is looking at possible curbs on foreign car sales. The new trend is […]

New Toyota Innova model hits Myanmar market

Global car company Toyota officially launched its Innova eight-seater compact multi-purpose vehicle (MPV) in Myanmar last Wednesday. The Innova is the third model, after the Avanza and Rush, Toyota has introduce in Myanmar this year. The Innova specifically for the emerging markets in Asia including Myanmar. The new Innova comes with a powerful 2.0 liter […]

Myanmar, Japan-involved consortium to build high structure in Yangon

YANGON, Oct. 7 (Xinhua) — Myanmar Pharmaceutical Industrial Enterprise (MPIE) and a consortium of two local Myanmar companies and a Japanese company on Saturday signed an agreement to build a high-rise structure on the land owned by MPIE in Tamway, Yangon, the official Global New Light of Myanmar reported Sunday. The consortium, named NSKRE Residence […]

FastGo to launch in Indonesia and Myanmar

Vietnamese ride-hailing service, FastGo has announced it will launch its service in Indonesia ad Myanmar – its two first international markets – by the end of this year. FastGo CEO Nguyễn Hữu Tuất told Việt Nam News that it expected to occupy a 30 per cent market share in Indonesia and take second place after […]

Local businesses propose to establish industrial zone in central Myanmar

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 […]

Why Facebook is losing the war on hate speech in Myanmar

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, […]