CAN Manufacturing factory launched in Yangon

Opening ceremony of Can manufacturing Factory joint ventured by Loi Hein Co, Ltd and Toyo Seikan Group Co, Ltd was held at Thilawa industrial zone yesterday morning. Union Minister for Industry U Khin Maung Cho, National League for Democracy (NLD) Central Executive Committee Secretary U Win Htein, Chairman of Loi Hein Co, Ltd Dr Sai […]

Yangon chief minister a rising star and ‘very sharp’ politician

In Myanmar’s personality-driven politics, few people get as much attention as its civilian leader Aung San Suu Kyi or its powerful commander-in-chief Min Aung Hlaing. Yangon’s Chief Minister Phyo Min Thein is another person who has hardly stayed out of the public eye since the National League for Democracy (NLD) came to power last year. […]

Industry, govt hit back at garment factory report

DURING a news conference held by garment businesses on October 4, the Yangon regional government asked ActionAid Myanmar to revise its report about safety standards for women working in garment factories, calling the report inaccurate. In response to ActionAid’s report, an inspection tour of the factories mentioned in the report was made by Yangon Region […]

Time to focus on Myanmar’s economy

Much has been said about the National League for Democracy (NLD)-led elected government’s stance on peace and security in recent weeks, with attention being drawn to the conflicts in Rakhine state and the actions of Myanmar’s de facto leader Aung San Suu Kyi. Within the country there is concern, however, over the state of the […]

Beyond China: Nation must diversify FDI

While for a long time the world has been focussed on political reforms in Myanmar during its transition from military rule to a democracy, the country has also witnessed a significant economic transformation. The most obvious sign of this is the sudden jump in foreign direct investment (FDI), from US$4 billion (K5.46 trillion) in 2013-14 […]

Parliamentary Committee to Examine 24 State-Owned Factories

NAYPYITAW — The Lower House Investment and Industrial Development Committee will consider the termination or privatization of 24 loss-making state-owned factories—including the Myingyan Steel Factory which has received significant state investment. Committee member U Aung Kyaw Kyaw Oo said: “A total of 24 factories are making a loss, most were suspended when parliament discussed the […]

Foreign and domestic investments rise during govt’s first fiscal year

In the National League for Democracy (NLD) government’s first fiscal year in power local investors made investments amounting to K1.57 trillion while foreigners made investments worth a total of US$7.44 billion in Myanmar, Deputy Minister of Planning and Finance U Set Aung said at the Pyidaungsu Hluttaw on August 31. DURING the 2016-17 fiscal year, […]

Myanmar tycoon says economy neglected by Suu Kyi’s government

Myanmar tycoon Serge Pun, one of the wealthiest men in Asia, said on Thursday the government led by Aung San Suu Kyi has neglected the nation’s much-needed economic reform. Pun, head of property-to-banking conglomerate First Myanmar Investment 00001.YG, urged authorities to give more attention to growth in one of the region’s poorest countries. He said […]

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 […]

Battling for Blood Jade: Inside One of the World’s Most Dangerous Industries

When the earth collapsed, as it does nearly every day in the jade hills of Myanmar, Ye Min Naing was poised on a steep slope of rubble and scree. It was a rainy night six months ago, at the tail end of the monsoons. A truck with wheels the height of a man had just […]