Sink-or-Swim Time for ASEAN Latecomers as Tariffs Come Down

HANOI — Cambodia, Laos, Myanmar and Vietnam are no longer getting the kid-gloves treatment in the ASEAN Economic Community. As late entrants to the Association of Southeast Asian Nations, the four countries were initially exempted from abolishing some tariffs when the bloc established the AEC at the end of 2015. As of Monday, however, they […]

Overseas demand for locally-produced coffee expected to rise in 2018

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Modi Backs India-Myanmar-Thailand Highway’s Indochina Extension

NEW DELHI — India is pushing an ambitious highway initiative through Myanmar and Thailand to connect with Vietnam through Cambodia and Laos, which observers of Southeast Asia see as part of its efforts to counter China’s Belt and Road Intiative (BRI) project. Connectivity with the 10-member Association of Southeast Asian Nations (ASEAN), which comprises Brunei, Cambodia, […]

Toyota Should Reconsider Myanmar Growth Strategy

Japan’s Toyota should reconsider its growth strategy in Myanmar to maintain pole position in the country. Toyota vehicles are known for their quality and affordability in Myanmar. As such, the car maker has for years enjoyed the highest share of the local car market. In fact, Toyota dominates car markets across ASEAN, including in Indonesia, […]

Myanmar to Become Member of APN, Upgrade Card-Based Services

​​ Myanmar will become a member of the Asian Payment Network (APN), which was established to create a common payment settlement platform within the Asia-Pacific region, said U Zaw Lin Htut, CEO of Myanmar Payment Union (MPU). MPU has already met with officials from APN, and is waiting for the membership announcement to be made, […]

Central Rubber Market Expected Upon Enactment of Rubber Law in Late 2018

The drafting of a new Rubber Law, which aims to create a central rubber market and raise the export quality of Myanmar rubber, is close to three quarters complete and will be enacted in late 2018, U Khaing Min, secretary at the Myanmar Rubber Planters and Producers Association (MRPPA), told The Myanmar Times. Myanmar is drafting […]

Uber Strikes Taxi Partnership in Thailand, Seventh Deal in Asia

BANGKOK — “Keep your friends close and your enemies closer” seems to be Uber Technologies’ strategy in Thailand. The taxi app company announced Wednesday that it would launch its ride-hailing service in Thailand by collaborating with regulated taxis, whose drivers were once derided by its cofounder. Uber will partner with Howa, a major local taxi […]

Myanmar Emerging as Key Component in China’s Belt Road Initiative

A recent public speaking trip through Asia discussing the ongoing developments within the China Belt Road Initiative (BRI) exposed a number interesting themes, one of which is the increasing influence Myanmar is having on China’s Belt Road Initiative (BRI). Most discussion within the maritime, oil & gas and rail sectors focused on the growing improvements […]

Raising the Role of Women in the Myanmar Economy

Women in Myanmar have taken a more significant role in the economy, although much more can be done to narrow the gender gap. Myanmar ranks 83 among 144 nations in the World Economic Forum’s Gender Gap Report 2017, which is higher than major Asian economies including China and South Korea as well as its neighbours […]

Legislation for Rubber Sector Being Drafted

The government, in cooperation with the Myanmar Rubber Planters and Producers Association, is currently drafting legislation for the rubber industry. Efforts are being exerted for a Rubber Central market to come out once a Rubber Law is instituted. At present, officials from the Myanmar Rubber Planters and Producers Association and related ministries including the Ministry […]