DaChan to enter Burmese market with joint venture

DaChan Great Wall Group (大成集團), a Taiwanese agriculture and food conglomerate, yesterday said it will tap into the Burmese market through a US$30 million joint venture in a bid to further cement its position in Southeast Asia. The group is to build feed mills and poultry plants in Myanmar by teaming up with the Myint […]

Myanmar Economy Needs ‘Predictable Policy,’ New Reform Leader Urges

NAYPYITAW — “Winston” Set Aung, Myanmar’s newly-appointed deputy minister for national planning and finance, has urged fellow government leaders to pursue further regulatory and policy reforms for the economic development of Myanmar during a panel session at the Myanmar Democratic Transition Forum. “It is required to establish predictable and stable policy with clear and simple […]

Soccer Diplomacy in Singapore’s ‘Little Burma’

SINGAPORE — A goal kick away from the Toa Payoh Stadium are reminders of the once-close ties between Myanmar and this Singapore neighborhood, home to the Burmese Buddhist Temple and streets named for the towns and rivers of the Golden Land. The arena hosts Balestier Khalsa Football Club, of Singapore’s professional soccer league, and sits […]

Myanmar opens Thilawa SEZ to foreign insurers

Myanmar is opening up its Thilawa special economic zone near Yangon to international insurance companies — part of a market liberalization effort expected to gain momentum this year. The government does not allow foreign insurers to offer their services outside of Thilawa — a Myanmar-Japanese joint venture and the country’s only operational SEZ. Only three […]

Hydropower threatens peace in Myanmar — but it doesn’t have to

Myanmar faces a critical moment for investment decision-making. The Barack Obama administration’s move to lift sanctions on the Southeast Asian country has opened up new opportunities. But the moves that are made today will send political and economic ripples into the future, and the international community must act responsibly. China wants to finance a 3,600-megawatt […]

Paw San Rice: Myanmar’s ticket back to the international stage?

It all started with a plate of fried rice. It was a simple, perfectly balanced dish: a handful of plump prawns, some shallots and diced vegetables. All resting atop a mound of fragrant (and locally grown), long-grained Paw San rice, with each grain distinct and curling at the ends like a baroque version of Basmati. […]

Myanmar Opens Talks with Thailand on Reciprocal Banking Access

BANGKOK — The central banks of Thailand and Myanmar agreed Sunday to start talks on granting access to designated banks in each other’s markets, marking a small step forward in the financial integration of the Association of Southeast Asian Nations. For Thailand, Myanmar is the third country to enter bilateral discussions on bank access, following […]

Aeon’s Myanmar debut marks milestone in reform

August 14, 2016 7:00 am JST A new joint venture will take over Orange stores like this one in Yangon. YANGON — The approval of Japanese retailer Aeon to open up shop in Myanmar is a hallmark of the country’s economic reforms, a result of efforts by the new government overseen by Aung San Suu […]

Qatar’s Ooredoo digs into Myanmar, says to target the mass market

* Plans to invest $350 mln in 2016, says to widen distribution * Dismisses suggestions of Myanmar exit * Ooredoo smallers telecom operator by subscriber numbers YANGON, Jan 29 Qatari telecoms firm Ooredoo is investing more in Myanmar this year in a bid to broaden its appeal, the head of its local unit told Reuters, […]

Business leaders endorse single visa for five Southeast Asian

Tourists will be able to visit five Southeast Asian nations on a single visa under a scheme recommended Monday at a regional business forum in Nay Pyi Taw according to the Global New Light of Myanmar on 23 June. The recommendation was one of six made by the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Joint […]