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China, Myanmar look into railway project linking Muse to Mandalay

China and Myanmar are looking into the feasibility of building a railway line from their border to the city of Mandalay, four years after a high-speed project was shelved. Two state-owned companies, China Railway Eryuan Engineering Group and Myanmar Railways, signed an agreement on Monday to begin the study on a proposed rail line from […]

Myanmar’s insurance sector set for help from Japan

TOKYO — Myanmar will flesh out its insurance industry with Japanese guidance and personnel support on crafting rules and products, hoping to develop a potentially lucrative market. Along with its healthy economic growth, cars are rapidly spreading in the Southeast Asian nation of more than 50 million, making it fertile soil for insurance. Myanmar, which […]

Want to Buy North Korean Hotels and Airlines? Look to Myanmar

As the world waits to see if U.S. President Donald Trump and North Korea leader Kim Jong-Un actually meet, investors hoping to profit from peace on the Korean peninsula could learn lessons from Myanmar. The Southeast Asian nation became a significant drawcard for foreign investors when it began reforming its economy in 2011 after decades […]

Can you privatize development aid? Germany is trying, in Myanmar

Germany’s development ministry wants more private businesses to get involved in international projects. A visit with one such project in Myanmar highlights the opportunities — and the pitfalls. The richest and most famous people in Mandalay are all here. They’re meeting on the top floor of a decrepit shopping center: the gold mine owner, the […]

Daiwa invests $5m in Myanmar ride hailer Oway

Oway stake provides Japanese financial group a foothold in promising market TOKYO — Daiwa Securities Group has taken a $5 million stake in Oway, a Yangon-based online travel agency and ride-hailing service, seeking to get ahead of rivals with an early entry into the Myanmar market. Investment unit Daiwa PI Partners purchased newly issued Oway […]

Bangladesh’s policymakers should get to the bottom of low FDI

Policymakers should find the reasons behind the low inflow of foreign investment to Bangladesh despite a number of agencies’ efforts to boost receipts, said a top official of an investment agency yesterday. “We have a number of organisations and yet foreign investment inflows are no more than $2.5 billion,” said Paban Chowdhury, executive chairman of […]

Philippines’ Metro Pacific Studies Myanmar Potentials

INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) is studying investment opportunities in the toll-roads sector in Myanmar, Chairman Manuel V. Pangilinan said on Monday, even as the group targets to close an expressway deal in Malaysia this year. Pangilinan said his group will be scouting for expressway deals in Myanmar, which, according to documents from the […]

Korea to Export Fresh Fruit to Myanmar

South Korea will ship about 37 tons of fresh fruit to Myanmar to assess its potential and build effective distribution channels in the local market, Seoul’s agriculture ministry said Thursday. Gyeongbuk Corporation, a South Korean food wholesaler and exporter, will ship 7 tons of apples and 8 tons of pears on Friday, and 17 tons […]

New diplomatic missions signal Chinese support for Myanmar amid Rakhine crisis

Symbolic move to set up presence in capital shunned by most other foreign diplomats highlights Beijing’s desire to strengthen ties Myanmar’s purpose-built capital Naypyidaw is known for its vast scale and emptiness, but China is using it to showcase its presence and boost ties with the Southeast Asian nation as it faces a wave of […]

LG International Kicks off Cement Production in Myanmar

LG International Corp., Korea’s leading general trading company, is set to kick off the operation of a cement factory in Myanmar for which it has invested for two years. This is part of the company’s strategy to preempt the rapidly growing Myanmar market by becoming the first general trading firm to build a cement plant […]