Myanmar Luxury Property Hampered by Confusion Over Law on Foreign Buyers

Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting efforts to woo investors. The outlook now […]

Hydropower threatens peace in Myanmar — but it doesn’t have to

Myanmar faces a critical moment for investment decision-making. The Barack Obama administration’s move to lift sanctions on the Southeast Asian country has opened up new opportunities. But the moves that are made today will send political and economic ripples into the future, and the international community must act responsibly. China wants to finance a 3,600-megawatt […]

Beset by delays, Myanmar-China oil pipeline nears start-up

Nearly a decade in the making, a project to pump oil 770 km (480 miles) across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the opening of a new oil trading route. Dogged by sensitive relations between Naypyitaw and Beijing, the $1.5 billion oil […]

Myanmar braces for 30% drop in foreign investment

Foreign investment in Myanmar appears poised to plunge roughly 30% for the year ending March 31 amid the absence of new oil and gas projects, highlighting the need for the government to lure other industries with deregulation and firm economic policy plans. Myanmar received about $6 billion in foreign direct investment during the 11 months […]

Minister for halt to fencing along Myanmar-Nagaland border

Strongly objecting to border fencing along the India-Myanmar border in the state, state health and family welfare minister P Longon said the move has adversely affected the livelihood of villagers whose land and resources have been arbitrarily put on the “wrong” side of the border. On 12 December, 2016, the border fencing construction work was […]

What Did the Philippines’ Duterte Achieve During His Myanmar Trip?

From March 19-21, Philippine President Rodrigo Duterte was on a two-day official visit to Myanmar. Apart from affirming the importance of the bilateral relationship, the trip was part of his swing through Southeast Asia during Manila’s chairmanship of the Association of Southeast Asian Nations (ASEAN) (See: “Duterte’s ASEAN Tour Continues With Singapore, Cambodia Visits”). On […]

Myanmar requires skilled workers

Myanmar is looking for skilled workers in various sectors as it continues to open its doors to foreigners, a business consultant said Tuesday. Myanmar offers opportunities in the civil engineering, electrical engineering, telecommunications, and banking fields, said Andrew Tan, managing director of Yangon-based Consult-Myanmar. “They are looking for skilled people who can add value,” he […]

IIM-Shillong inaugurated an International Student Exchange Program with Mandalay University

In an initiative to facilitate business between India and Myanmar, the Indian Institute of Management-Shillong today inaugurated an International Student Exchange Programme with Mandalay University. The 10-day Refresher Course in Management is aimed at facilitating MBA students to understand management through a renewed perspective in tandem with the changing global scenario. IIM-Shillong chairman Falguni Rajkumar […]

Taxi-hailing service Grab to launch in Myanmar

Grab, the Southeast Asian rival to Uber, has launched a trial of its taxi-hailing service in Myanmar, its first expansion to a new country since 2014. The Singapore-based startup, valued at more than $3bn last September, announced on Tuesday that it was operating a trial of GrabTaxi in Yangon, working with a small group of […]

How Did Myanmar’s Reforms Change Its Relations With China?

I first visited Myanmar (formerly known as Burma) in February 2013, two months after then-U.S. President Barack Obama’s landmark visit to that country. One thing that has been inscribed in my fond memories of the visit is that many street vendors in Yangon (formerly Rangoon) were hawking T-shirts with Obama’s headshot and a caption above […]