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Interview: Dr. Wanchai Sirisereewan Talks Medical Tourism

As interest for regional economic collaboration continues to grow in all sectors, healthcare is continuing to improve in many Southeast Asian countries. As a result, the region is quickly gaining interest from the global community. This is partially due private sectors who have worked hard to promote medical tourism and travel. One example is the […]

Tour operators barely surviving due to “incredibly shaky” demand

Small tour operators are on the verge of collapse as market demand in the tourism sector took a hit among Western visitors, as bookings for the impending peak season are “incredibly shaky”, according to a local company. In addition, hopes on wooing Asian investors were dashed by the now-abandoned “$1,000 in cash per tourist” entry […]

Htoo Group in talk with Korea’s NH Financial to tap insurance market

NongHyup Financial (NH), a holding company of Korea’s national agricultural cooperative, will team with its insurance units to enter the insurance market in China and Southeast Asia, NongHyup said Sunday. But what is the reason for this sudden desire to sally forth and explore uncharted or under-explored territory? And why has it taken the company […]

Myanmar Woos China, Southeast Asian Tourists

Myanmar is shifting its tourism focus towards China and South-East Asia markets after Western and European tourist inflow witnessed a decline due to recent turmoil in northern Rakhine State. “We will focus on the countries which have good relations with Myanmar for tourism promotions, such as China, South Korea, Japan and ASEAN,” U Yan Win, […]

Myanmar’s opium crop plummets while meth stalks SE Asia

A “dramatic” drop in opium cultivation in Myanmar underscored a regional boom in demand for illegal synthetic drugs such as methamphetamine, which many Asian countries are struggling to combat, a senior UN official said on Wednesday. The area under opium poppy cultivation dropped by a quarter between 2015 and 2017, the UN Office on Drugs […]

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 […]

Suu Kyi Government Brings Back Myanmar’s ‘Mr. SEZ’

YANGON — Myanmar’s government has brought a key architect of the previous administration’s economic policy back into the fold, aiming to bolster confidence in the business community. President Htin Kyaw’s office on Monday announced the appointment of Set Aung, until recently the deputy governor of the central bank, as deputy minister for national planning and […]

PetroChina Yunnan Refinery to be Operational by June

China National Petroleum Corp, the country’s largest oil and gas producer, aims to start operating its new refinery in the country’s southwestern Yunnan province by June, an auxiliary project of the China-Myanmar crude oil pipeline. The first batch of refined oil products is due in early September, said Yu Mingxiang, a senior engineer at PetroChina […]

The Digital Revolution: From Mandalay to Manchester

In the era of the global digital distribution, products made in Mandalay can be sold in Manchester cost-effectively – the key to that economic miracle is the mobile phone. The Myanmar Times spoke to James Song after his trip to Phnom Penh in Cambodia for the World Economic Forum (WEF) on ASEAN 2017. This year, […]

Government Subsidy of Electricity Bill Hindrance to Development of Sector

​​ Ministers and industry experts say the government’s approach of paying the electricity bill using the union budget is a hindrance to the development of the sector. In 2012, the average export rates per electric unit in Southeast Asian countries can cost up to more than K267 per electric unit: K67 in Brunei, K71 in […]