Myanmar Looks to Strong Inflow of FDI

THOUGH MYANMAR is one of the lowest-ranked economies in Asia Pacific region according to the World Bank’s recent report on doing business, the nation maintains its optimism over the inflow of foreign direct investment next year, according to Aung Naing Oo, director-general of the Directorate of Investment and Company Administration and secretary of Myanmar Investment […]

Arroyo Toasts Leaders of Cambodia, Myanmar at Welcome Dinner in Clark

CLARK FREEPORT ZONE, Pampanga — Former President and now Pampanga Rep. Gloria Macapagal-Arroyo hosted on Saturday a welcome dinner for Cambodian Prime Minister Hun Sen and Myanmar State Counsellor Aung San Suu Kyi here just before the three-day Association of Southeast Asian Nations (Asean) Summit. The leaders landed at the Clark International Airport early in […]

Investment Opportunities Emerge in Kanyin Chaung Economic Zone

Investment opportunities in Rakhine State are emerging as the government ups efforts to establish a functioning economy that will create jobs and encourage stability in the region. This month, local private sector experts and businessmen were invited to a briefing promoting investments in Rakhine. Selected sectors of the economy will be prioritised under a five-year […]

Social Media Exhibits Its Disruptive Power in Myanmar

If the past two decades of foreign interventionism have taught us anything, it is that democracy cannot be imposed upon a nation unless it has the social, cultural, economic, and institutional architecture to enable it. The same should be said of democratic tools — including a free press, elections, and, of course, civic technologies. Facebook, […]

China’s latest Myanmar megaproject courts controversy

Nearly two years ago, Myanmar chose a Chinese consortium led by the state-run Citic to develop a $10 billion port and industrial park that could turn into the country’s largest foreign investment. With Beijing pledging to create 100,000 jobs and transform a poor region, the Kyaukpyu port plan potentially represents a huge win for Myanmar. […]

MoU signed in Rakhine for mega projects

SITTWE – With the aim of implementing three mega projects for regional development in Rakhine State, a memorandum of understanding (MoU) has been signed between the Rakhine State Government Committee and private companies on October 30. The mega projects are construction of Kanyinchaung trade zone on Maungdaw Township, development of Manaung Island and construction of […]

ICBC to become major BRI financier in Myanmar

The Industrial and Commercial Bank of China (ICBC) will position itself as the main financial services provider for all projects under China’s ambitious Belt and Road Initiative (BRI), Hong Laing, Chinese ambassador to Myanmar, said at the two-year anniversary ceremony of ICBC Yangon on October 21. The BRI is a huge project backed by the […]

Ayeyawady Chief Minister proposes coastal road to Rakhine

According to Ayeyawady Region’s Chief Minister Mahn Johnny, a coastal road connecting Rakhine State and Ayeywady will be paved. He confirmed the news that it will be a great contribution to safeguarding Myanmar of threats from the sea, at a press conference with journalists when he and his delegation were in Rakhine State. “Both regional […]

Myanmar’s evolving maritime security landscape

Myanmar links South and Southeast Asia and lies on maritime shipping routes from the Indian and Pacific Oceans.A key pillar of its national development agenda is establishing an efficient and integrated transport system to become Asia’s newest maritime hub. Recent political and economic reforms have already had significant impact on national trade flows. According to […]

Yangon chief minister a rising star and ‘very sharp’ politician

In Myanmar’s personality-driven politics, few people get as much attention as its civilian leader Aung San Suu Kyi or its powerful commander-in-chief Min Aung Hlaing. Yangon’s Chief Minister Phyo Min Thein is another person who has hardly stayed out of the public eye since the National League for Democracy (NLD) came to power last year. […]