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Boat Builder Floats New Business to Tap Island Tourism Boom

With tourism booming in southern Myanmar, residents of Myeik in Tannitharyi Region are finding ways to benefit by filling niches in the industry. Ko Thein Zaw Min, managing director of Mergui Dolphins, one of 40 tour companies in the area, has found a way to do this by opening a boat-making workshop. The number of […]

In Myanmar, Facebook brings light as well as darkness

It has been more than eight months since Facebook CEO Mark Zuckerberg was grilled by the US Congress over the Cambridge Analytica breach. “I promise I will do better” would be a simple short sentence to sum up Zuckerberg’s stressful two-day congressional testimony. He admitted to US senators that partly because of his mistake it […]

Implementation of burma’s vacant, fallow and virgin land management law: at odds with the nationwide ceasefire agreement and peace negotiations

Land rights of peoples must be protected to improve prospects for peace. The Government of Myanmar’s approach to land policy risks increasing land conflicts and exacerbating current challenges in formal peace negotiations. Civil society organizations strongly oppose implementation of the recently-amended Vacant, Fallow and Virgin Land Management Law (VFV Land Law), due to well-founded fears […]

Retail and F&B spurs improved Q2 results for Singapore Myanmar Investco

Investment and management company Singapore Myanmar Investco (SMI) has reported a small pre-tax profit of US$72,000 for the second quarter to 30 September, reversing losses on the back of a strong performance from its duty free and other retail activities. For the same period last year, the group – which seeks to capitalise on consumer […]

Thinking global, acting local

They were born at a time when Myanmar was in the throes of irreversible change; when the dictatorship that gripped the country for decades was losing its stranglehold on the people’s unrelenting and uncompromising bid to regain their freedom. They were too young to understand the 1988 Uprising, but some of them were already old […]

Govt deploys strategy to raise tax revenues

Myanmar will implement plans to raise tax revenues in the coming years. “Our target is collect over 15 percent in taxes to GDP,” said U Min Htut, director general of the Internal Revenue Department under the Ministry of Planning and Finance. The tax to GDP ratios of other ASEAN countries are all above 10pc, with […]

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 […]

Re-export sugar licences with China suspended: govt

Issuance of re-export sugar licences with China have been suspended, according to U Aung Htoo, deputy commerce minister on September 27. This recent measure comes in light to solve the problem of currency manipulation. However, he added that it’s a temporary decision and will be reconsidered if businesses and foreign currency stabilises. In face of […]

Electricity subsidy is wrong, Pun tells minister

Business leader Serge Pun weighed into the debate on the country’s energy tariff reforms at the Myanmar Global Investment Forum in Nay Pyi Taw on September 11, calling the electricity subsidy “wrong” and saying that the authorities are not pushing reforms due to “political sensitivity.” “I think it [subsidising electricity] has always been a wrong […]

State Counsellor urges entrepreneurs to help grow nation’s wealth

Myanmar’s business community has an important role to play in ensuring the country’s political voice is heard on the global stage, State Counsellor Daw Aung San Suu Kyi said at the meeting between government officials and business persons and at Myanmar Convention Centre in Nay Pyi Taw yesterday. She said the reason Myanmar’s political voice […]