Modi Backs India-Myanmar-Thailand Highway’s Indochina Extension

NEW DELHI — India is pushing an ambitious highway initiative through Myanmar and Thailand to connect with Vietnam through Cambodia and Laos, which observers of Southeast Asia see as part of its efforts to counter China’s Belt and Road Intiative (BRI) project. Connectivity with the 10-member Association of Southeast Asian Nations (ASEAN), which comprises Brunei, Cambodia, […]

Myanmar Military Modernization in the Spotlight Amid Air Force Anniversary

On December 15, Myanmar’s air force commemorated its 70th anniversary. The interaction, which featured remarks by the military chief Min Aung Hlaing, put the ongoing modernization of one of Southeast Asia’s largest militaries in the spotlight. Though Myanmar’s military, known as the Tatmadaw and said to number around 400,000, is technically one of the biggest […]

Prospects Improving in E-commerce

Southeast Asia’s internet economy is expected to be worth $50 billion by the end of this year and will likely be worth four times more by 2025, according to a report released last week by Google and Singapore sovereign wealth fund Temasek Holdings. At 330 million, the number of monthly active internet users has risen […]

ADB Appoints New Country Director for Myanmar

The FINANCIAL — The Asian Development Bank (ADB) has appointed Newin Sinsiri as its new Country Director for Myanmar. Mr. Sinsiri will lead ADB operations in Myanmar and supervise the effective implementation of ADB’s Country Partnership Strategy, which aims to help the country achieve sustainable and inclusive economic growth and job creation for poverty reduction […]

Myanmar’s business confidence plummets as policy uncertainty bites: survey

YANGON (Reuters) – Business confidence among entrepreneurs in Myanmar dropped “drastically” this year due to unclear economic policy, a survey shows on Tuesday, amid growing frustration over leader Aung San Suu Kyi’s management of the fledgling economy. Suu Kyi has identified economic reform as a key goal to complete Myanmar’s democratic transition after decades of […]

Construction of Dawei SEZ back on the cards

The government is exploring ways to restart development of the suspended Dawei Special Economic Zone (SEZ), saying the SEZ will benefit Myanmar as well as the region. The Dawei SEZ includes construction of the highway as well as a deep-sea port which will link Thailand, Cambodia and Vietnam in the ASEAN region to India, the […]

Myanmar and China to Cooperate on Economic Corridor

YANGON — Myanmar and China agreed Friday to build an economic corridor between the two countries, furthering Naypyitaw’s efforts to strengthen ties with Beijing as criticism over the Rohingya refugee crisis pushes it away from the West. The idea was proposed at a meeting between Myanmar State Counselor Aung San Suu Kyi and Chinese President […]

Golden Myanmar Business Exchange Plans $5 Million Data Center

GMBX, which bills itself as Myanmar’s only provider of wholesale infrastructure-as-a-service based on OpenStack, is a joint venture between Yangon-based Golden TMH Telecom Co Ltd (GTMH) and Golden 11 Investment International. The company already operates a data center in East Dagon with a current capacity of 100 racks, which could be expanded to about 400 racks, according to Kyaw Naing, […]

CB Bank Leads Myanmar’s Drive for Digitalisation

After years of isolation, Myanmar opened up to the global economy in 2010, and its banking sector sprung to life. Consequently, foreign direct investments started to flow, particularly towards the telecommunications sector. Myanmar’s mobile phone penetration, once at one of the lowest levels in the world, has grown to 90 percent in recent years, with […]

SolarHome Reaches 1,000 Homes in Myanmar

SolarHome, the pioneer in Pay-As-You-Go (“PAYG”) Solar for off-grid households in Southeast Asia, has reached the milestone of 1,000 systems installed in rural Myanmar. Having recently closed a pre-Series A round of equity funding led by Uberis Capital and debt funding from Kiva, SolarHome has moved from pilot to industrial production mode, and is expanding […]