Welcome to Mogok, Myanmar’s mysterious mining mecca

High in the hills of northeastern Myanmar, past a few sleepy army checkpoints on a stretch of road where mobile phones lose their signal, an ageing signpost set against a mountainous landscape reads: “WELCOME TO RUBY LAND”. This is the entrance to a little-known and seldom-visited town called Mogok, which is said to be the […]

What About the Chinese Immigrants Caught in Myanmar’s Crossfire?

​​ Huang Yanling’s grandparents had thought they could never return home to China when they sought asylum in Myanmar almost six decades ago. The pair from Tengchong, in Yunnan ( 雲南 ) province, were driven out of the country along with countless others when a nationwide famine hit as a result of Mao Zedong’s ( […]

Deputy Minister vows to make Hpa-an Industrial Zone a success

The Deputy Minister for Planning and Finance U Maung Maung Win promised to make Hpa-an Industrial Zone a success at the Amyotha Hluttaw Session yesterday. The progress of Hpa-an Industrial Zone has been hampered by land disputes, delays in establishing factories, low demand for finished products manufactured in the zone, hesitation of local entrepreneurs and […]

Myanmar Firms Ponder Change As US Sanctions End

The end of US sanctions on Myanmar is forcing local businesses to take a hard look at their operations and consider how they will compete when international firms have gained a significant foothold in the country’s major industries, local economists and entrepreneurs have said. “People have said the reason Myanmar produces lower quality goods is […]

175-Tonne Jade Rock a Gem of a find in Myanmar

Miners in Myanmar have unearthed a 175-tonne jade boulder worth an estimated US$170 million (S$236 million). The boulder, 4.3m high and 5.8m long, was found in a mine in jade-producing Kachin state, in the north of the country, media outlets reported. The rock is second in size only to the carved statue at the Jade […]

UK aid program seeks to make it easier to do business in Myanmar

The United Kingdom’s development arm announced a £25 million (US$32.5 million) aid program yesterday geared toward making it easier to do business in Myanmar and boosting growth in key sectors of the economy, like agriculture and garment manufacturing. The UK and Australia are currently working with the Directorate of Investment and Company Administration and the […]

Myanmar to launch single-stop inspections at borders with neighbouring countries

Single-stop inspections will be deployed at border gates between Myanmar and neighbouring countries to prevent illegal trade, said Union Minister for Commerce Dr Than Myint yesterday. The Union minister told Amyotha Hluttaw that discussions are ongoing with China and Thailand to launch the single-stop inspection system at border crossings. The system is aimed at avoiding […]

Presidential order reinstates study for proposed 6,000-MW Myitsone hydroelectric project in Myanmar

According to a presidential order issued Aug. 12 by the Myanmar government, a commission will form to examine the 6,000-MW Myitsone hydropower project proposed for Kachin, Mynamar. Locally published reports indicate when complete, Yunnan China would receive much of the energy from the facility under the project’s original agreement. The order for the commission was signed by […]

The Key to Jumpstarting Myanmar’s Economy: Electricity

It’s no secret that the National League for Democracy (NLD) faces myriad challenges in improving Myanmar’s socioeconomic situation. In fact, its biggest challenge might be deciding which issues to address first. Led by Nobel Laureate Aung San Suu Kyi, the NLD has made the peace process, which is aimed at ending decades of strife between the […]

Push to lure more luxury tourists to Myanmar

MYANMAR’S public and private sectors must join forces to turn the country into a popular destination for high-end travellers, as rich cultural and natural resources could boost tourism income from just 5 per cent of gross domestic product at present, industry figures have said. Panellists at the Hospitality and Tourism Conference Myanmar last week agreed […]