High potential of Myanmar Economy

The topic of economic transformation in Myanmar was thoroughly discussed at the Forum on Myanmar Democratic Transition held from 11 to 13 August 2017 in Nay Pyi Taw. The talks could generally be summed up that despite the slow economic take-off in Myanmar, the good potential of the Myanmar economy will be seen in the […]

Jade sector ranked 83rd among 89 countries assessed

An institution that ranks countries rich in natural resources has given failing or poor marks to the governance of Myanmar’s gemstone and oil and gas sectors. The 2017 Resource Governance Index assesses how a country manages their oil, gas and mining resources in order for all people in a resource-rich country to benefit. Myanmar’s gemstone […]

Myanmar-Thailand border trade value hit over US$710million

The border trade value between Myanmar and Thailand as of 28th October in this fiscal year reached US$715.261million, a big jump compared to the same period of last year, when trade value was only US$583. 946million.This year’s figure increased by over US$131million, according to the statistics of the border trade. Tachilek, Myawady, Kawthaung, Myeik, Htee […]

Government Fixes Price for Massive Jade Stone at US$6 Million

RANGOON — The price of a massive unearthed giant jade stone in Hpakant Township, Kachin State, has now been fixed by the government’s Myanmar Gems Enterprise as worth around 7 billion kyats (around US$6 million). The 210-ton stone was discovered on Oct. 10 at Yadanar Taung Tann Gems Company’s mine, which is operating in a […]

Myanmar to launch single-stop inspections at borders with neighbouring countries

Single-stop inspections will be deployed at border gates between Myanmar and neighbouring countries to prevent illegal trade, said Union Minister for Commerce Dr Than Myint yesterday. The Union minister told Amyotha Hluttaw that discussions are ongoing with China and Thailand to launch the single-stop inspection system at border crossings. The system is aimed at avoiding […]

Myanmar’s objection may block Thai heritage claim

Overlapping of border cited as reason; Thailand has time until October to resole issue before seeking Unesco recognition for Kaeng Krachan forest. THAILAND FACES an uphill task pushing for inscription of the Kaeng Krachan Forest Complex (KKFC) as a World Heritage site after Myanmar raised concerns over boundary issues, but the Kingdom has until October […]

In Mon State, expanding quarries threaten farms

On a recent afternoon in May, the farmers of OhnTitbin Village Tract were tending to their betel nut and rubber plantations when a loud blast erupted at the foot of Kalama Mountain and shook the ground. Workers had set off an explosion in a local quarry located about 10 km away and a cloud of […]

Low-quality rubber holds back tyres

In Myanmar hundreds of thousands of hectares of land is leased to investors for rubber plantations, often in controversial circumstances. Just 8 percent of total production is used within Myanmar, with the rest sent to China, 70pc of which is low quality, said U Khine Myint, secretary of the Myanmar Rubber Planters and Producers Association […]

Momolay wants to take on Facebook in Myanmar, bags funding to take a shot at it

Myanmar is not an easy place to do business. Poor infrastructure, a highly unskilled labor pool, and an outdated financial system are only some of the challenges weighing on this once military junta-controlled nation. However, many investors are willing to overlook the negatives for fear of missing out on the vast opportunities Myanmar offers. The […]

ANZ’s Yangon branch wins approval

ANZ has received final regulatory approval from Myanmar’s central bank for the opening of a branch in Yangon . The decision clears the way for ANZ to open its office in Myanmar’s largest city on October 2. The new office will service multinational and joint venture companies with a presence in Myanmar, as well as […]