‘Tremendous opportunity for growth’ identified in the BIMSTEC region

Participants at a Yangon roundtable discussion today point to largely untapped opportunities for trade, communication and cultural exchange in a region of 2.5 billion souls. Parami Roundtable and Mizzima Media Group organised a roundtable on Myanmar and BIMSTEC to commemorate the celebration of 20 years of BIMSTEC. BIMSTEC, known as Bay of Bengal Initiative for […]

Suu Kyi’s dilemma over Myanmar energy mix

YANGON — When Aung San Suu Kyi’s National League for Democracy was swept into power in 2015, economic development was a key priority and the fledgling government’s social and environmental stance seemed tailor-made for foreign investors. But few foresaw the complexity of adhering to core environmental principles while also dragging a long-neglected economy into the […]

The insurance queue just got longer

Myanmar has a historic connection with the insurance industry. Almost 80 insurance companies operated in the market from the mid-19th century till the mid-20th century, and a large number of them were foreign companies. But things changed in the 1960s when the industry was taken over by the government and all foreign insurers in the […]

Split visions of Dawei’s future as Thailand, Myanmar restart special economic zone project

The governments of Thailand and Myanmar are set to restart the development of the Dawei deep-sea port and special economic zone, after both countries set up a joint coordinating committee to work out investment details of the project. In 2008, both countries signed a memorandum of understanding to develop a massive land area of 200 […]

Tailor Shop Family Accused of Abuse and Enslavement to be Formally Charged

On Thursday a court will decide on the charges with which to prosecute six family members for torturing and enslaving two children in a downtown Rangoon tailoring shop for five years. Ko Latt, 63, Tin Thuzar, 59, Tin Min Latt, 37, Yarzar Tun, 25, Su Mon Latt, 27, and Thiri Latt, 37, who ran Ava […]

Five awarded Eisenhower Fellowship with the assistance of Max Myanmar Zaw Zaw

Zaw Zaw (right) of the Max Myanmar Company speaks to Colin Powell, former US secretary of state. Five citizens have got Eisenhower Fellowship sponsored by the United States for the first time with the assistance of Zaw Zaw, chairman of Max Myanmar Group of Companies. The Eisenhower Fellowship 2017 Programme will start on October 1 […]

Osaka business group to help lure firms to Japan-backed economic zone in Myanmar

The Osaka Chamber of Commerce and Industry has agreed to help attract small and medium-size companies to the Japanese-backed Thilawa Special Economic Zone near Yangon by establishing small rental factory spaces, the zone’s operator has announced. The OCCI, which is comprised of businesses around Osaka, and the Union of Myanmar Federation of Chambers of Commerce […]

80 tonnes of Myanmar coffee to ship to America and China (Taipei) this year

About 80 tonnes of Myanmar’s coffee is planned to be exported to the US and China (Taipei) this year, according to the Myanmar Coffee Association. In 2016, about 40 tonnes of Arabica produced from Ywangan were exported to these markets. The export volume is is being boosted this year, said U Win Aung Kyaw, the […]

New rules planned for government tenders

Subscribe to our tender alert mailing list The new rules will govern tender practices for this financial year, said U Saw Hla Tun, a member of the committee. Existing rules relating to contracts awarded by ministries have not been widely followed, he said, resulting in a lack of transparency in government-led projects. In 2013 the […]

Investors waiting to bid as Kyaukphyu SEZ masterplan gets underway

Subscribe to our tender alert mailing list Would be investors in the Kyaukpyu Special Economic Zone in Rakhine State are awaiting invitations to tender, but no date has yet been set for the issuance of invitations as experts work on a master plan for the zone. A consortium of consulting firms selected to develop the […]