Myanmar strives to promote fishery sector by opening university, boosting cooperation

Myanmar authorities are striving to open a fishery university for development of its fishery sector following the parliament’s approval for such move. At a meeting of submission of proposal for the opening of the university, Dr. Aung Thu, Minister of Agriculture, Livestock and Irrigation, stressed the need for seeking fund, foreign technicians and researchers to […]

Frustration mounts as Kyaukphyu port negotiations stall

Kyaukphyu’s Chinese investors have hit back at criticisms over their majority stake in a proposed deep-sea port in Rakhine. They emphasised that it was the Myanmar government who drew up the shareholder structure and that the ball is in Nay Pyi Taw’s court to break the inertia and move the negotiations forward. Kyaukphyu is the […]

M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

Myanmar’s Dagon invests in Burst Networks’ upcoming Tier IV data center

Yangon facility gets closer to reality with a new investment Myanmar conglomerate Dagon International Limited has acquired a 14 percent stake in a data center being built by regional telecoms company Burst Networks The project aims to be the country’s first Uptime-certified Tier IV data center, and is located in the Thilawa Special Economic Zone […]

Moscow steps up business with Nay Pyi Taw

At a Russia-Myanmar Intergovernmental Commission on Trade and Economic Cooperation (RMIC) meeting in Moscow last month, Russian commission chair Minister Maksim Oreshkin and Minister for the Ministry of Planning and Finance, U Kyaw Win, signed an agreement to set up a Russia trade representative office in Yangon. The trade representative office should be launched by […]

Free Entry to the Asian SME Conference 2017 on 14th & 15th Oct 2017 at MICC-2, Naypyidaw

Invitation to the 5th Asian SME Conference at MICC-2 in Nay Pyi Taw this coming weekend (14th / 15th October). Purpose of this conference is show to the important role, potentials and challenges of Small and Medium-sized Enterprises (SMEs) in an inclusive economy in Myanmar. Jointly organized by the International Council for Small Business (ICSB) […]

Businesses urge overhaul of banks’ loan policy

Banking experts and senior officers from the International Council of Small Business (ICSB) said Myanmar must change its loan policy to make it easier for businesses to access debt for growth. In Myanmar, loans issued to businesses are approved based on collateral and are mostly extended over a short term. Compared to other countries, the […]

Naypyidaw’s long awaited dawn

Myanmar has taken a giant step towards democracy, even as it is shackled by the Army, which will do everything to turn the clock back. But, fortunately, the country has the rare gift of a leader who is highly intelligent Myanmar has been in the news in recent weeks generally for one single reason, namely […]

Myanmar army moves worry China

Since the Kofi Annan Commission on Rakhine state announced its recommendations a month ago, Aung San Suu Kyi has been insisting that her government is committed to implementing them. As a part of this plan, a ministerial-level committee to monitor progress on the implementation of the commission’s recommendations has been formed. But the government has […]

Belt and Road, Kaladan and the future of Rakhine’s economy

THE economy in the resource-rich Rakhine State is throttled by the crisis as well as the accompanying international backlash, dashing any hope of massive foreign investment in the near future. In the meantime, local communities in Kyaukphyu have demanded the stake ratio of the proposed Kyaukphyu port to be restructured so as to allow a […]