Myanmar remains worst place in ASEAN for doing business, World Bank ranking shows

Myanmar has failed to improve its ease of doing business ranking for the third consecutive year, with the latest figures from the World Bank showing that the country remains the worst place in ASEAN to conduct business. The newly-released 2019 Doing Business rankings by the World Bank showed that Myanmar ranks 171th out of 190 […]

Framework for Kyaukphyu Port to be signed next week

The Myanmar government and China-based CITIC Group will sign a framework agreement for the construction of the Kyaukphyu Deep Sea Port project in Rakhine State next week, said U Aung Htoo, deputy minister of commerce. “It was agreed that for the first phase, the deep sea port will be implemented with US$1.3 billion (K2.4 trillion) […]

More foreign investments now likely in pearl farming industry

The Myanmar Pearl Law has been amended for the second time to allow foreign direct investments (FDI) in the sector, U Min Oo, managing director of the Myanmar Pearl Enterprise, told The Myanmar Times. According to U Min Oo, the pearl production sector is now among the extraction sectors that will be open up to […]

Estranged brother of Myanmar’s Suu Kyi bids to sell lakeside home

The estranged brother of Myanmar leader Aung San Suu Kyi said on Thursday he is making a new bid to sell the lakeside house where the democracy activist turned politician spent 15 years under house arrest. Aung San Oo, who spends most of his time in the United States, submitted an appeal at the supreme […]

Analysis: Yangon Public Losing Patience With Mercurial Chief Minister

Of Myanmar’s 14 state and regional chief ministers, few have seen such highs and lows in terms of their public approval as Yangon’s U Phyo Min Thein. In 2016, the country’s biggest nationalist group, Ma Ba Tha, threatened to target him with a nationwide protest after he vowed to wipe the group out. In response, […]

USDP seeking to make comeback in 2020 elections

Leaders of the Union Solidarity and Development Party (USDP), which lost seats in the 2015 general election, say they are overhauling the party to regain their standing in 2020. The USDP was defeated by the National League for Democracy (NLD) led by Daw Aung San Suu Kyi and has been serving as the opposition and […]

‘Window is closing’: business leaders vent frustrations over govt’s economic performance

Business leaders in Myanmar have cast serious doubts on the government’s management of the economy for the last 2.5 years, with one domestic investor warning that “the window is closing” on reforms and a leader of an Asian business group criticising Nay Pyi Taw as working “in silos” and having “no urgency to get things […]

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 […]

Myanmar to trim Kyaukphyu cost but drops Annan’s strategic review suggestion

Nay Pyi Taw’s plan to reduce the cost of Kyaukpyu Special Economic Zone, including the proposed deep-sea port, will help cap its external debt load and avoid repeating Sri Lanka’s Hambantota’s precedent, according to London-headquartered research firm BMI Research. At the same time, a government committee has dropped any mentioning of commissioning a Strategic Environmental […]

New Yangon City Challenges Regional Govt Transparency

On May 2, 2018, the New Yangon Development Company (NYDC), the company owned by the Yangon regional government to undertake the New Yangon City project, announced that China Communications Construction Company (CCCC) would develop the new city project. Interestingly, NYDC has emphasized that CCCC has not yet been granted the project. Under the Swiss Challenge […]