Why Myanmar is concerned about Chinese investment

I write in response to an article published here by an assistant fellow at the One Belt-One Road Strategy Institute of Tsinghua University. In my opinion, the article misread the true situation in Myanmar and might unintentionally jeopardize the reform agenda of the National League for Democracy (NLD) government, particularly in regard to economic development […]

Clashing with the law, SEZ body to resurrect Dawei megaproject

Myanmar’s SEZ working body announced that the long-suspended Dawei SEZ project will be resurrected this October, in a move which is set to clash with the Environmental Conservation Law because there is no known site-wide environment assessment conducted or approved. U Than Myint, chair of the SEZ Central Working Body, said during a meeting with […]

CB Bank successfully adapting to meet the needs of a new generation

Economic liberalisation came relatively late to Myanmar, but the country has been working hard to make up for its slow start. Following a military coup in 1962, the country was governed by an oppressive dictatorship and subsequently experienced the ignominy of being rated one of the least developed and most corrupt nations in the world. […]

Myanmar inches slightly ahead of Laos in latest graft index

Myanmar has inched up a few positions to rank 130th in the latest annual index of countries deemed the least corrupt, from 136th in 2016. The country attained a score of 28 in graft watchdog Transparency International’s Corruption Perceptions Index for 2017. This was an incremental improvement compared to its score in 2016 (28) and […]

The wily ways of a Myanmar-China border town

One of many towns of the Myanmar-China border, Bhamo, Myanmar has long been a hub for illegal trade with China, including illegally logged charcoal currently sold. Most of the charcoal is bound overland for brisk business with China, yet Bhamo still finds itself without enough money coming in. Bhamo has a long history of diversifying […]

Ministry, NGOs cooperating on education reform

At yesterday’s meeting of the Amyotha Hluttaw in Nay Pyi Taw, Deputy Minister for Education U Win Maw Tun said the ministry is conducting educational reform by cooperating with Non-Government Organisations (NGOs) in sectors and sub-sectors. The Deputy Minister was responding to a question by U Mahn Law Moung of Constituency 8 in Chin State […]

IFC Approves Support for Controversial Tycoon’s Mandalay Cement Project

The World Bank’s private sector lending arm the International Finance Corporation (IFC) has given the go ahead to support a multi-million dollar plan to expand a cement factory in Mandalay Region, operated by the Shwe Taung Conglomerate. The firm’s chairman, Aik Htun, had been alleged by US authorities to have had ties to the drug […]

The entrance of 2 Innovative Agri-Mobile Apps in Myanmar

Agriculture is the largest sector of Myanmar’s economy – a 2015 survey by the Department of Labour found that it is the main job of more than 54% of the working population. Given that mobile phone penetration in Myanmar’s market is so high, it is now possible to transmit useful information to remote farmers. Input […]

Blockchain startup Everex secures seed funding and seeks more in token sale

Singaporean fintech startup Everex has just raised US$500,000 in seed funding from Chinese industrial conglomerate Holley Group. It hopes to add a substantial sum to that figure from its token sale, which kicks off today. Everex has developed an Ethereum blockchain-based online payments suite, which comprises cash transfer and micro-lending services, as well as an […]