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Myanmar Suspends a Show Money Policy for Certain Visitors

A notice was released August 1, suspending the policy requiring that Japanese, Korean and Chinese tourists are to show $1,000 as a proof of funds. This change in policy came after the Ministry of Hotel, and Tourism faced opposition. Even coming from the tourism sector itself. The order was released on July 20, granting a […]

Premium Distribution and Trust Venture Partners Announce Investment in UniVege

Premium Distribution, one of Myanmar’s largest wholesalers, and leading financial advisor Trust Venture Partners (TVP) are pleased to announce a newly formed joint venture which will fully acquire the business of hydroponic plant grower Provide Advanced Technology (PAT). The food tech startup was set up by Japanese entrepreneurs and grows organic salad and vegetables. PAT […]

New vocational institute opens in Yangon

Suu Vocational Institute, which will provide vocational training for people lacking formal education, opened in Hlaing Thayar township on Tuesday. “All the vocational training will follow State Counsellor Daw Aung San Suu Kyi’s instructions. Myanmar needs more vocational education because most people do not get degrees so they need vocational education to live better. The […]

YouTube video on Myanmar Culture Shock goes viral

  A YouTube video that is quickly going viral points out the most memorable things about Yangon from the point of view of a former resident, including the large numbers of stray dogs, men in longyis, frequent power cuts, and the grandeur of the Shwedagon Pagoda. The video, titled “5 Culture Shock in Myanmar”, posted […]

ASEAN Summit: Assertive China flexes its muscles as Trump gives conflicting signals

Bangkok (ANN News Desk) – Obama’s pivot to Asia is dead. Despite the Trump administration’s confrontation with North Korea dominating headlines for the past several weeks, in the back channels of a major regional summit, diplomats all whispered the same thing, the pivot was over. If anything, Trump’s obsession with North Korea and the administration […]

Confident iflix aims high in Myanmar

Greenlee said in an exclusive interview that Myanmar’s leap in the telecommunications sector would fuel the firm’s growth in the nation. “It is the first time that subscription video on demand [SvoD] service is available in Myanmar. So, we have set a benchmark again. We expect to be highly successful,” she said. “Myanmar is the […]

Myanmar’s Garment Industry Holds Unique Opportunity

Just as I return from visiting garment factories in Myanmar, a stream of press attention focuses on challenges facing this area. Although there are challenges, my trip has only made me believe in the unique opportunity this country represents to change the future of how our clothing is made. Amidst the media headlines there lies […]

The Road to Muse

Mandalay-Muse Road linking Mandalay, the second capital city of Myanmar, and Muse located on Myanmar-China border plays a pivotal role in border trade between the two countries. The road was once notorious for its poor condition coupled with the then thriving insurgency. But nowadays, the situation has changed a lot as the country is moving […]

Impact of Agricultural Investment in Myanmar

After years of international isolation, Myanmar is liberalizing its economy and seeking to attract growing levels of foreign investment. Agriculture currently plays a crucial role in the country’s economy and more than 60 percent of the population depend on agriculture for their livelihoods. The Government of Myanmar (GoM) has acknowledged the need to support smallholders […]

Illegal foreign-run businesses in Yangon MPs’ crosshairs

Amid much talk of luring outside investment to Myanmar, Yangon Region lawmakers have indicated that they want to see greater scrutiny of foreign operators of illegal businesses in the commercial capital. Regional MPs yesterday approved a proposal to debate cracking down on these foreign entrepreneurs next week. Parliamentarian U Win Maung (NLD; Hlaing Tharyar 1) submitted the […]