All Asia Asset Says It May Have Claim Over Reduced Asset Interest in Myanmar power plant 

​​ LONDON (Alliance News) – All Asia Asset Capital Ltd said on Thursday it is likely to see a “very substantial decrease” in the value of its stake in Andaman Power & Utility Company Ltd, after its economic interest was in a power plant project was diluted by a power purchase agreement. All Asia Asset, […]

If Trump Punishes China, Investors Could Seek Safety in Myanmar

Financial markets in Asia didn’t fancy the outcome of the US election. Markets fell on the news of the Trump victory, and despite a rebound the MSCI Asia Pacific Index was trading close to a one year low last week. Worst affected have been countries with a high proportion, close to 40%, of their sovereign […]

Gems Emporium Expected to Attract US and EU Traders

RANGOON — More Western jade traders are expected to attend to the upcoming Naypyidaw Gems Emporium, after the lifting of US economic sanctions last month. Among the American restrictions which were lifted was a longtime ban on transactions involving jade, gems and jewelry from Burma. The move by the US government—announced in September—was criticized by […]

Government Fixes Price for Massive Jade Stone at US$6 Million

RANGOON — The price of a massive unearthed giant jade stone in Hpakant Township, Kachin State, has now been fixed by the government’s Myanmar Gems Enterprise as worth around 7 billion kyats (around US$6 million). The 210-ton stone was discovered on Oct. 10 at Yadanar Taung Tann Gems Company’s mine, which is operating in a […]

KBZ Bank crowned Finance Asia’s ‘Best Bank in Myanmar’

Kanbawza Bank was named “Best Bank in Myanmar” by London-based Finance Asia at the awards ceremony of “The Finance Asia: Country Awards for Achievement 2016” held in Singapore yesterday. Organisers said KBZ Bank won the award because it had the highest amount of deposits in the 2015-2016 fiscal year, provided businesses with highest number of […]

Tin mining – Cornish dreams and Myanmar reality: Andy Home

LONDON, Aug 22 (Reuters) – Hope springs eternal in Cornwall when it comes to reviving tin mining in this southwestern corner of the United Kingdom. Canada’s Strongbow Exploration is the latest to try to rekindle the dying embers of what once was one of the world’s largest tin-mining hubs. It has just bought out of […]

Euromoney names KBZ Myanmar’s best bank

KANBAWZA Bank was awarded “The Best Bank in Myanmar-2016” by London-based economics magazine Euromoney, last Thursday at Island Shangri-Lan Hotel in Hong Kong, winning the award for the third year in a row. KBZ Bank was crowned Myanmar’s best bank after it managed to get the highest amount of deposit and make the highest profits […]

In Burma, a Fine Line Between CSR and Karmic Cash

RANGOON — It was perhaps inevitable that Burma’s business sector would struggle with the idea of corporate social responsibility (CSR), operating in a country of high charitable giving and stark contrasts between its wealthiest and poorest citizens. At least in part, this stems from the reality that CSR, as a concept, has only caught on […]

From Oscars to Tuna Cans, Tin Gets More Expensive as Mines Quit

Smartphones, cars and a prolonged mining slump are creating tighter supplies of tin, a metal used mostly as solder for electrical circuits. Demand for tin remains strong from all sorts of manufacturers, from makers of food cans and building materials to iPads and Oscar statuettes. At the same time, big exporters like Indonesia and Myanmar […]

Armenians in Myanmar

YANGON, Myanmar — Myanmar is not the first destination that comes to mind while planning a vacation. It does not have the breathtaking skyline of Hong Kong or the amazing beaches of Thailand. It does not have the cultural gravitas of Paris or London. Until a friend had mentioned it, I had never thought much […]