North Korean Restaurant in Yangon Ordered to Close its Doors

The government ordered a restaurant belonging to the North Korean Embassy in Yangon be shut down recently following a request from the US for Myanmar to respect a United Nations Security Council (UNSC) resolution on sanctions against North Korea. Aryani Manring, who is assistant public affairs spokesperson for the US Embassy, told The Irrawaddy that […]

Brokers’ Call: Yoma Strategic Holdings

Despite some disappointment on Myanmar’s economic growth, we believe Yoma remains the best proxy of a potential economic turnaround in Myanmar with the new government in place. With its diversified portfolio in property, consumer and automotive sectors, Yoma is well placed to tap into the growth. Potential catalysts include recovery in Myanmar’s property market and […]

China’s $7.5 Billion Myanmar Port ‘Crazy,’ Suu Kyi Adviser Says

The $7.5 billion price tag for a Chinese-built deep-sea port in the Myanmar town of Kyaukpyu was “crazy” and “absurd,” according to a key adviser to Myanmar’s leader Aung San Suu Kyi. China’s CITIC Group, which won a tender to build the port three years ago, has valued the port and an accompanying special economic […]

Myanmar strikes again at Bawdwin base metals play

ASX-listed Myanmar Metals has announced further spectacular silver and base metal drilling results for its world-class Bawdwin polymetallic deposit in central Myanmar. Results include 23 metres grading 17.3% lead, 9.5% zinc, 1.2% copper and 398g/t silver from 170m down-hole and 31m @ 7.5% lead, 1.9% zinc and 88g/t silver from 62m down-hole. The intercepts are […]

Are tropical islands in Myanmar Asia’s last untouched paradise?

Lack of infrastructure has protected the Myeik Archipelago in the Andaman Sea from the ravages of tourism, but for how much longer? Picture 800 or so islands surrounded by beaches of white sand and backed by lush green forest, rising out of a translucent, turquoise sea on which fishing boats and a handful of yachts […]

Is Hong Kong ready for return of domestic helpers from Myanmar?

More than three years after Myanmar stopped its citizens from working as domestic helpers in Hong Kong, a local lawmaker is paving the way for their return – but this time as nursing carers looking after the city’s growing elderly population. The drive, initiated by Liberal Party lawmaker Felix Chung Kwok-pan, is seen as the […]

Japanese sake brewers seek direct deals in Myanmar

A group of Japanese sake manufacturers recently promoted their country’s famous rice wine in Myanmar, introducing different flavours of the alcoholic beverage. About 10 manufacturers exhibited a total of 26 sake brands during the two-day sake promotion event in late February at Chatrium Hotel in Myanmar’s commercial city Yangon. The direct marketing campaign was organised […]

Myanmar: Asia’s Final Frontier Car Market

Earlier this month I spent four days in Myanmar, the proud and reclusive nation of 52 million sandwiched between India, China and Thailand. My purpose: Work with officials in the Myanmar government to develop plans for a competitive auto industry. The timing could not be better: Fast-emerging and increasingly affordable EV and autonomous vehicle technologies […]

Myanmar to regulate ride-hailing companies

The Myanmar government is looking at coming out with regulations to govern the technology-based ride-hailing app space, seeking to provide a level playing field to the operators, according to DealstreetAsia. The report quoted Nilar Kyaw, Minister of Electricity, Industry, Transport & Communication saying at the regional Parliament earlier this month that the Road Transport Administration […]

Myanmar State Counsellor opens meet on improving basic education

As part of the Myanmar government’s effort to improve basic education, State Counsellor Aung San Suu Kyi opened a three-day conference Friday to review the experiences of implementing reforms to basic education over the current academic year. The Conference, hosted by the Ministry of Education in Nay Pyi Taw, brings together key education stakeholders from […]