How Investors Helped Myanmar Telecoms

In 2010, when Myanmar held historic elections that would reduce the influence of the military and put the country on a path to democratic rule, it was a country that had endured decades of isolation. Less than 3 percent of the populations had mobile phones. This lack of connectivity limited not only access to service […]

Myanmar moved off money laundering watchlist

Inter-governmental body the Financial Action Task Force (FATF) has removed Myanmar from its list of states deemed weak in combating money laundering and terrorist financing, which experts think should make international banks more comfortable doing business with the country. FATF, which counts China, the United States and India as members, released a public statement on […]

Asia World opens new Yangon airport terminal

Asia World Group has opened the first phase of a new airport terminal in Yangon that will be capable of handing up to 20 million passengers a year when complete, with US fast-food chain Kentucky Fried Chicken the first international restaurant confirmed to open in the new space. Yangon Aerodrome Company Limited (YACL), an Asia […]

Yangon Stock Exchange to open amidst suspicion

Many analysts believe the Yangon Stock Exchange, which will be fully operational by March this year, is opening with unfair advantages and possible conflicts of interests. The Yangon Stock Exchange (YSX) automatically entered the US sanctions blacklist as the Myanmar Economic Bank, an entity already sanctioned by the US Treasury Department’s Office of Foreign Assets […]

US offers path to redemption for ‘cronies’

Myanmar officials and the business community yesterday expressed hope that the lifting of US sanctions against prominent industrialist U Win Aung last week would open the door to an influx of US investment and the removal from Washington’s blacklist of other tycoons linked to the former military regime. An industry insider who asked not to […]

Myanmar investment message undermined by politics, sanctions

(Reuters) – The rapid economic transformation of Myanmar, less than two years after transitioning from military control and opening itself to the world, is not without its rough patches, the nation’s top economic minister said on Wednesday. At the same time, George Soros, one of the earliest investors in Myanmar’s economy and even more so […]

Japan agrees to sign JV contract for Thilawa SEZ

Myanmar Thilawa SEZ Holding Public Limited (MTSH) and Japan Thilawa SEZ Company Limited (JTSC) have reached an agreement to sign a joint venture agreement to operate the Thilawa Special Economic Zone. Japanese multinational corporations such as Marubeni, Mitsubishi and Sumitomo corporations are included in JTSC. MTSH and JTSC will form a joint venture company to […]