Through reclusive Wa, China’s reach extends into Suu Kyi’s Myanmar

China is extending its sway over an autonomous enclave run by Myanmar’s most powerful ethnic armed group, sources in the region told Reuters, bolstering Beijing’s role in the peace process that is the signature policy of Aung San Suu Kyi. The “foreign policy” of the self-proclaimed Wa State is closely monitored by Beijing, senior officials […]

Singaporean Institute Surveys Family-Based Firms in Burma

RANGOON — Singapore Management University’s (SMU) Business Families Institute and consultant company Deloitte have been working together on the first survey of family business in Burma. The KBZ Group of Companies was the first of four businesses to be studied in connection with the research initiative. Titled “Paving a Way for a New Generation: A […]

Millcon Thiha GEL Foresees Advantages in Being Steel First-Comer in Myanmar

MILLCON THIHA GEL is bullish that international development banks’ planned projects in Myanmar and demand from new factories to be constructed in Thilawa Special Economic Zone will keep its newly completed steel plant busy in the very near future. The company last week officially became the first manufacturer of industrial-grade steel products in Myanmar, being […]

World’s Youngest Stock Market Struggles in Myanmar

YANGON, Myanmar (AP) — The day’s trading is about to begin on the world’s youngest stock exchange, and the MYANPIX index and opening share prices flash across an electronic screen, but barely a footfall or a voice are heard within the cavernous, colonial era building in the bustling heart of Myanmar’s commercial capital. A gilded […]

Cambodian Garment Workers Urged to Boost Sectors Productivity as Bangladesh & Myanmar Workers are Cheaper

Prime Minister Hun Sen yesterday urged garment workers to improve their productivity in order to prevent factories from closing shop and moving to such countries as Laos, Bangladesh and Myanmar, all of which have lower minimum wages. His comments came during a graduation ceremony at the National Technical Training Institute, where he also pointed out […]

Asean Infrastructure More Than Just Roads, Rails and Ports

Investment in soft infrastructure is as important as investment in hard infrastructure as the Asean Economic Community (AEC) pushes for inclusive economic growth by improving the region’s infrastructure as a whole, says Indonesia’s investment chief. “If you want to go fast you go alone, but if you want to go far you have to go […]

4 ways to boost e-commerce in Myanmar

e-Commerce industry growth will need banks and telcos to reduce service fees, provide better APIs, and simplify procedures to eliminate the hassle of payments Since 2012, foreign investors have been on a gold rush in Myanmar. GDP has climbed up steadily from US$58.68 billion in 2013, to US$64.33 billion in 2014, then US$64.87 billion in 2015. In July 2016, the new […]

New airline routes begin to crowd Myanmar’s sky

YANGON — Asian airlines are looking to expand to Myanmar, eyeing not just business passengers but also the rising middle class there, who are beginning to travel for pleasure. Budget carrier HK Express on Sept. 1 kicked off a direct Hong Kong-to-Yangon route that flies four times a week. Other carriers, such as Myanmar National Airlines, already provide such […]

Myanmar likely to join Asean Power Grid

MYANMAR is likely to be the fifth Asean country to sign up for the Asean Power Grid formed by Laos, Thailand, Malaysia and Singapore, energy ministers have said. “We had long discussions with our Myanmar counterparts,” said Laos Vice Minister for Energy and Mines Viraphonh Vilavong. “They are keen to join. I expect that to […]

Malaysian stolen vehicles believed to be smuggled into Myanmar, Laos and Cambodia

Vehicle theft syndicates in Malaysia are believed to have expanded their so-called ‘business” event to Myanmar, Laos and Cambodia through Thailand, according Bernama- Malaysia National News Agency. The cars stolen in Malaysia are believed to be transported via the sea by container ships from Singapore to Thailand which shares land border with three Indochina countries, […]