How the West won and lost Myanmar

When former political prisoner Aung San Suu Kyi and her long persecuted National League for Democracy party won election in 2015, Western nations which maintained sanctions against the previous rights-abusing military regime cheered the democratic result and hoped for transition. Suu Kyi was subsequently feted in various European capitals, including Oslo, where she received her […]

Myanmar eases investment rules amid Bengali headwinds

YANGON — A new company law has come into effect in Myanmar to encourage investment by foreign companies in the Southeast Asian nation. The new law, which has drastically revised the old company law put into force in 1914 when the country was under British rule, permits companies whose ownership by foreigners does not exceed […]

Zayar Thaw: from Rapper to Myanmar lawmaker

YANGON Myanmar’s parliament building, constructed by the former military junta in capital city Naypyitaw, is so gorgeous it could be mistaken for a palace. The lawmakers attending sessions there have become more diverse along with progress in democratization in the country. They include former physicians, as well as lawyers and business executives. But none of […]

Can Myanmar sustain growth momentum?

YANGON — The World Bank’s forecast on Jan. 30 that Myanmar’s economy will grow by more than 7% annually for the next three years might appear to be overly optimistic. In the latest issue of its Myanmar Economic Monitor, the World Bank said that while growth would most likely be around 6.5% for fiscal year […]

Myanmar military to maintain political role, president says

Myanmar’s military will maintain its role in politics in order to support a transition to democracy but will eventually submit to civilian rule, President Thein Sein said in an interview broadcast on Friday. YANGON: Myanmar’s military will maintain its role in politics in order to support a transition to democracy but will eventually submit to […]