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The Rise and Fall of an Australian Media Mogul in Southeast Asia

ROSS DUNKLEY was thinking of quitting journalism when he met Rupert Murdoch, a fellow Australian, on a friend’s yacht off the coast of Rhode Island during the America’s Cup boat race in 1983. He had grown tired of working for other people in a newsroom; he wanted to return to his family roots and become […]

Govt Promises to Meet Myanmar’s Rising Electricity Demand

Yangon — The Ministry of Electricity and Energy is hoping to expand electricity access to half of the population by December, according to Deputy Minister U Khin Maung Win. Of 10,877,832 households in Myanmar, 5,140,061 – or 47 per cent of the population – had access to electricity by October. The deputy minister told the […]

Myanmar hopes to be the next Asian winner of US-China trade war as Vietnam nears capacity

Vietnam pulled ahead in the race to lure producers, but other neighbours including Thailand and Indonesia are stepping up efforts to attract them One advantage for Myanmar – where about one-third of the population lives in poverty – is that Europe and the US offer preferential export terms Myanmar expects to attract more investment as […]

Yangon’s 68 Residence to open next December

The project started in 2014, and will be ready for completion in December next year. Currently, the project’s exterior has been finished, with decoration works being carried out throughout the building, Aung Naing Soe said. “This building can withstand an 8.5-level earthquake, so it should be one of the most resilient buildings in Yangon,” he […]

Myanmar Govt to Combine Two Key Economic Ministries

YANGON—The Myanmar government plans to combine the positions of Minister of Industry and Minister of Planning and Finance into a single position, according to the Union Parliament agenda for Friday. According to the agenda, a Union-level representative from the government will explain the plan to parliamentary lawmakers in order to seek their approval. According to […]

Coffee culture takes off in Yangon

YANGON, 11 November 2019: I enjoy walking tours, but I always keep one eye open for the corner coffee shop a couple of hours into the tour as the sun’s tropical glare intrudes on sidewalk shade. Yangon is no exception as I follow the guide through a warren of stalls that make navigation of the […]

First round of bank licences under Suu Kyi govt announced

Myanmar will initiate the first round of foreign bank licencing under Daw Aung San Suu Kyi’s government, aimed at further opening up an industry that was formerly closed off to international players. The central bank announced that banks can apply for either a branch licence – which allows a range of wholesale banking activities – […]

Govt urged to render assistance to develop night fish market in Myeik

Trade activities between buyers and sellers are good at the nigh fish market within the international fish auction market in Myeik, Taninthayi Region, but shopkeepers and observers have called for government assistance for greater market development. Night fish mongers are beginning to flock to the fish auction market in Myeik and it has been visited […]

Myanmar’s economy – a kitten among tigers?

Back in the 1960s, Singapore, Taiwan, South Korea and Hong Kong were able use cheap labour and tax incentives to draw a huge influx of foreign direct investments and technological know-how from the west. Between the early 60s and 90s, growth quickly soared, to an average of 10 percent at the peak, according to the […]

Myanmar Trade Show, Exhibition & Conference Canlendar for the month of November & December 2019

  Name,Venue & Organizer     Date   Asia loT Business Platform ( Location – Sedona Hotel Yangon )     21-22 Nov 2019 ( 9:00 am – 5:00 pm )   MyanBuild ( Myanmars international building and construction industry exhibition )     28-30 Nov 2019 ( 9:00 am – 6:00 pm )   […]