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Public video contest aims to boost Myanmar tourism

In the past two years, the number of tourists visiting Myanmar has dropped, so CCI France Myanmar, the French chamber of commerce, has formed a partnership with the Myanmar Tourism Marketing Association to launch the #CometoMyanmar video contest to promote the country as a tourist destination. The competition is only open to Myanmar nationals and […]

This Singapore startup is set to turn Myanmar’s Yatai City to a blockchain-powered smart city

There is a widespread perception that it is easier to turn a well-developed city into a smart city. The reality is, however, different. It is, in fact, much easier to turn a not-so-developed city into a blockchain-enabled smart city, and that makes more economic sense, too. “The fastest and most affordable way to turn a […]

Singapore well-positioned to contribute expertise to infrastructure in region: Infrastructure Asia chief

SINGAPORE – Mention infrastructure in Singapore, and one might think of Jewel at Changi Airport, or the Greater Southern Waterfront development announced in Prime Minister Lee Hsien Loong’s recent National Day Rally. But the city-state is looking beyond its shores to export its infrastructure expertise. Since October last year, Infrastructure Asia (IA), which is jointly […]

FDI forecast to remain flat at US$5.8B in fiscal 2019-20

Myanmar is expected to draw foreign direct investments (FDI) totaling US$5.8 billion in the 2019-20 fiscal year beginning October 1, said U Thant Sin Lwin, Director General of the Directorate of Investment and Company Administration (DICA) and Secretary of Myanmar Investment Commission (MIC). That is unchanged from the forecast for the previous fiscal year, which […]

Myanmar, S’pore ink investment promotion and protection deal

YANGON—Myanmar inked an agreement with Singapore on Tuesday to promote and protect investment between the two countries, paving the way to boost trade relations. As of February, Singapore is Myanmar’s largest source of foreign investment. The city-state has invested more than US$22 billion (33.6 trillion kyats), nearly 30 percent of total foreign investment in Myanmar, […]

What Singapore and Yangon share: a dark colonial past, and existential angst about the future

Sometimes cities are planned down to every last corner, with neat grids and clearly divided zones. And sometimes a city’s future grows up organically around its past, history and aspiration tangling like vines at the heart of a rainforest. One sees all this from the ballroom of Royal Orchid Sheraton Hotel, nestled on the banks […]

Why Myanmar should sign the new Singapore Mediation Convention

Forty-six countries have already signed the new Singapore Mediation Convention (Convention), including the US, South Korea, China, Malaysia, India and Singapore itself. I would encourage Myanmar to also sign. This would provide another welcome alternative to the conventional court system for the resolution of international commercial disputes. One of the problems international businesses face in […]

Singapore ranked second-safest city in the world: EIU index

SINGAPORE: Singapore is the second-safest city in the world, according to an index by the Economist Intelligence Unit (EIU). The third edition of the Safe Cities Index was released on Thursday (Aug 29), with Tokyo ranking first out of 60 cities across five continents for the third time in a row. Other Asia-Pacific cities in […]

How the Myanmar entertainment industry found its feet

John Lwin, founder and chief executive of Stars & Models International Agency, Myanmar’s first privately-owned modelling agency, believes the future of the country’s entertainment industry will be driven by talent in the theatre. With demand for more sophisticated levels of local film and entertainment on the rise, Lwin has already discovered and deployed more than […]

Peninsula hotel shareholder eyes $1.6-billion project in Rakhine

YANGON—Singapore firm Huacheng International Resources Ltd and China’s Shanghai Bright Industry have jointly proposed a US$1.6-billion (2.41-trillion-kyat) development project to the Rakhine State cabinet. Representatives from the two firms visited Sittwe, the capital of conflict-ridden Rakhine State, on July 12 and met with National League for Democracy (NLD)-appointed Chief Minister U Nyi Pu. The state […]