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 […]

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 Luxury Property Hampered by Confusion Over Law on Foreign Buyers

Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting efforts to woo investors. The outlook now […]

Myanmar Is Next Vietnam With 10% Growth: British Diplomat

Myanmar could be the next Vietnam or Thailand, with the economy having the potential of growing as much as 10 percent, a senior British diplomat said. The Southeast Asian nation, which is opening its economy to investors after decades of military rule, has to overcome challenges including a shortage of power supply, lack of policy […]

Growing Economy Brings Rise in Fuel Oil Shipping from Singapore

​​ SINGAPORE — Burma’s oil imports are surging to fuel a fast-growing economy and rebuild rotting infrastructure, creating a small but profitable route for ships making a beeline for the emerging Southeast Asian nation from the regional hub of Singapore. Servicing growth that could top 8 percent this year is a clutch of small tankers […]

ANA Plans to Start Flights From Myanmar

​​ TOKYO – ANA Holdings Inc has invested in a new airline venture in Myanmar that aims to start international flights in 2018 as the Japanese carrier seeks to capture demand in Asia’s fastest-growing economy. ANA has a 49% stake and a local company holds the remainder, Shinya Katanozaka, chief executive officer of Japan’s largest […]

Myanmar Opens Bidding For New Yangon-Mandalay Rail Cars

​​ YANGON — Myanma Railways announced Friday that bidding has opened for train cars for upgrades to the railway linking the nation’s two largest cities of Yangon and Mandalay. The state-owned railway network operator seeks to acquire 24 carriages. The country’s rail network is not electrified, so Myanma Railways wants diesel-electric-type units. Bidding will close […]

British Firm Finds New Export Route for Commercial Vehicles in Myanmar

Used truck and trailer retailer ATE Truck and Trailer Sales has sold 11 pre-owned truck to a customer in Myanmar, opening a new export market for the Wolverhampton-based firm. The 11 commercial vehicles – a mix of Scania R420 and R480 6×2 tractor units – marks ATE’s first export deal to the Southeast Asian nation. […]

Create Jobs in Myanmar, Suu Kyi Tells Japan Inc.

TOKYO — Myanmar’s Aung San Suu Kyi urged Japanese business leaders Friday to invest in the Southeast Asian nation in ways that will create jobs. Myanmar’s youth have few employment opportunities, making economic growth difficult, the state counselor said during a meeting in Tokyo with officials from groups such as the Japan Chamber of Commerce […]