Myanmar businessmen propose Muse FX exchange for China trade

Myanmar businessmen are lobbying the government to open a new state-run foreign exchange bank near Muse Trade Zone in response to China’s recent closures of Myanmar traders’ bank accounts along the Yunnan border, according to a report of Myawady Daily newspaper yesterday. In an effort to crack down on illegal gambling, smuggling and other illicit […]

Land prices in Kyaukphyu SEZ jump 50 per cent amid competitive buying

LAND within the demarcated area of the yet-to-be-built Kyaukphyu Special Economic Zone (SEZ), located in Myanmar’s western Rakhine State, went on sale in January of this year to competitive purchasing, which has brought the value of land up by nearly 50 per cent in the last four months, according to real estate agents. “News spread […]

In Myanmar on cusp of change, former junta ‘crony’ sees business as usual

Aung San Suu Kyi’s landslide election win might be bad news for Myanmar businessmen like construction magnate Khin Shwe, who lost his parliament seat and remains barred from doing business with U.S. nationals due to his ties to the former junta. Or maybe not. Sitting comfortably on a beige leather sofa in his plush Yangon […]