Myanmar’s 1st MMA champ Aung La N Sang: ‘I’m no politician, but I fight for my people

SINGAPORE: Aung La N Sang feels good. “Amazing”, even, with barely a week having passed since he was crowned Myanmar’s first-ever mixed martial arts (MMA) champion. On June 30, willed on by a thunderous Yangon home crowd, the 32-year-old underdog stunned his undefeated opponent to capture the middleweight title belt of ONE Championship, Asia’s largest […]

Ruili – A Frontier Market Marked by Soft Power

In southwest China’s city of Ruili, the gateway to Myanmar, visitors are surprised by the simple and practical ease with which a seamless international border has been drawn — and managed. There is no pageantry here, no elaborate change of armed guards and no bugles. A simple but prominent yellow line divides Myanmar’s Mangxiu village […]

World Bank Arm Defends Mandalay Cement Factory Project Amid Civil Society Opposition

Following an open letter sent to the World Bank’s President Jim Kim by a coalition of community-based organizations opposing a proposed plan to support the expansion of a cement plant in Mandalay Region and the coal mine that fuels it, the International Finance Corporation (IFC) maintains that the project is worthwhile. The open letter was […]

China-Myanmar Border Economic Cooperation Zone Location Speculated

Zhou Rong, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China in Bejing, told the Chinese state-run Global Times that the China-Myanmar Border Economic Cooperation Zone was likely to be established at the border between Yunnan province and Kachin State. On May 17, the Communist Party-run newspaper quoted […]

Commit-and-Act Approach Expected Among Investors

Despite the 30 percent drop in FDI compared to the preceding year, the inward FDI in the financial year 2016-17 was moderately satisfactory, with US$6.6 billion. That amount mainly derived from the transport and communications sector. The sector alone attracted US$3 billion FDI, making it the top sector in terms of FDI. However, it is […]

All of Chin and Rakhine, Most of Kachin to Offer 7-Year Tax Breaks Under New Investment Rules

​​ The Myanmar In­vestment Commis­sion has released a list of townships that will be able to offer in­vestors special income tax exemptions under the new investment law, due to come into effect next month. The commission has di­vided the country’s town­ships into three categories from Zone 1, least devel­oped, to Zone 3, most de­veloped. Investors […]

MIC divides country into three categories

The Myanmar Investment Commission has established three development categories, offering different income tax exemptions depending on the level of development. Under the Myanmar Investment Law, the least developed zones include 14 townships in Kachin State, seven each in Kayah and Kayin, nine in Chin, 35 in Sagaing Region, four in Tanintharyi, five in Bago, 13 […]

Shwedagon Pagoda to be Discussed as World Heritage Site Nominee

​​ RANGOON — Shwedagon Pagoda will be discussed as an addition to a UNESCO tentative list that will inform future World Heritage nominations, according to a UNESCO Rangoon announcement on Friday. Meetings between UNESCO and the Ministry of Religious Affairs and Culture will be held at Rangoon’s Department of Archeology and National Museum office on […]

What the US can learn from Myanmar about infrastructure investment

America’s infrastructure is headed down a bumpy road, and unless the country takes drastic action to fix its ailing transport, water, and other infrastructure systems, it might well wind up with the types of struggles I’ve witnessed recently in Myanmar. I am here in Myanmar teaching an international business class for our MBA students as […]

First Private Bank Cleared for Listing

​​ First Private Bank will become the fourth firm to list on the Yangon Stock Exchange this month. The lender, which claims the oldest banking licence in Myanmar, has published its finances, expansion plans and fears ahead of the listing – offering a window into the challenges facing the country’s smaller banks at the start […]