US has opportunity to solve Myanmar’s energy dilemma

Unable to meet soaring domestic demand for energy, Myanmar’s government is said to have entered preliminary discussions over a deal to buy electricity from China. At the beginning of this month, sources close to the talks told Reuters that three state-owned Chinese companies had submitted proposals outlining how they could help Myanmar fill its widening […]

Grab Commits S$136m to Expand in Myanmar

SINGAPORE (REUTERS) – Ride-hailing firm Grab, the main South-east Asian rival of Uber Technologies, said it would commit US$100 million (S$136.2 million) over the next three years to strengthen its presence in Myanmar, grow to more cities and roll out its other services. Grab said it wanted to launch its payments platform, GrabPay, and build […]

Myanmar Shuffles Energy, Finance Officials Amid Slowing Growth

Myanmar has replaced its minister for energy, state media reported on Wednesday, as Aung San Suu Kyi’s administration looks to address concerns that the enactment of vital reforms has been slow since she took power last year.The government also appointed a new deputy finance minister and confirmed three new central bank deputy governors this week. […]

China in Talks to Sell Electricity to Myanmar Amid Warming Ties

YANGON (Reuters) – Energy-hungry Myanmar is in initial talks to buy electricity from China, according to officials and documents reviewed by Reuters, in the latest sign of warming ties with Beijing under leader Aung San Suu Kyi. Since taking office in April last year, Suu Kyi has sought to repair relations that were strained when […]

Suu Kyi’s man in Yangon under fire over transit deal with China

Aung San Suu Kyi’s first major infrastructure project could hardly be more visible – hundreds of new yellow buses now plying the streets of Yangon in what her ruling party hopes will be a potent symbol of how it is transforming peoples’ lives. But two deals to import 2,000 buses from China estimated at more […]

Myanmar Insists no North Korea Links as U.S. Envoy Visits

Myanmar has no military ties with North Korea, a Myanmar official said on Monday, as a U.S. diplomat responsible for North Korea arrived for talks in which he was likely to seek assurances on efforts to isolate it.Ambassador Joseph Yun met Myanmar’s State Counsellor Aung San Suu Kyi and the military’s commander in chief in […]

Garment manufacturing: How to navigate Myanmar’s ethical maze

As it undergoes profound and rapid change, Myanmar is today emerging as one of Asia’s most sought-after hubs for fashion sourcing. The country’s opening-up to the global economy has come after decades of military rule, during which a long period of isolation and internal conflict was followed by an era of gradual disengagement from politics […]

Thai Junta Suspends New Labour Law, Extends Deadline After Exodus

BANGKOK/MAHACHAI, Thailand July 4 (Reuters) – Thailand’s junta delayed on Tuesday parts of a new labour law aimed at regulating the foreign workforce after the decree sparked panic and prompted more than 60,000 foreign workers to flee from the country. The military government, which has ruled since a 2014 coup, has invoked Article 44, a […]

Thailand Clears $133 MLN Loan for Long-Delayed Dawei Economic Zone

loan to kick-start long-delayed development of Myanmar’s Dawei Special Economic Zone, Thailand’s transport minister said on Friday. The two countries signed an agreement in 2008 to build the zone in Myanmar’s southeast. But the multi-billion dollar project has been mired in difficulties, including widespread local opposition and problems mobilizing funding for its construction. Thai Transport Minister Arkhom […]

Unilever forms Myanmar JV for home and personal care products

May 4 (Reuters) – Consumer goods maker Unilever signed a joint venture deal with Myanmar’s Europe and Asia Commercial Co Ltd (EAC), combining their home and personal care businesses to accelerate sales in a newly emerging market. The joint entity, with annual sales of more than 100 million euros ($109 million), will provide both companies […]