China to hold 70% stake in Myanmar’s planned strategic seaport

Myanmar will hold a 30 percent stake in its strategic deep-water seaport project led by cash-rich China, giving Beijing a 70 percent interest, under their final agreement reached during recent talks between the two countries, according to a visiting senior Myanmar official. That is an improvement for the emerging Southeast Asian economy from the initially […]

Beijing’s involvement in Myanmar peace does not amount to interference

United States Institute of Peace, a well-known US think-tank, released a report titled “China’s Role in Myanmar’s Internal Conflicts” on September 14 claiming that “China has set aside its stated adherence to the principle of non-interference to become more proactively and assertively involved in Myanmar’s peace process.” The report cast doubts on Beijing’s role and […]

Travelling to Myanmar soon? The visa process just got easier if you have a Hong Kong passport, but it’s also more expensive

The Myanmar government has resumed its visa-on-arrival service for Hong Kong passport holders, which was cancelled five years ago. Hongkongers going to visit the southeast Asian country can apply for a tourist visa upon arrival at its three international airports. The new arrangement will take effect on Monday, and Hong Kong passport holders may apply […]

Myanmar Gold Exports Could Rise to 20 Tons in 2019: Industry Official

Kochi, India. Myanmar could export as much as 20 metric tons of gold in 2019 after the Southeast Asian country earlier this year permitted exports of the precious metal for the first time in five decades, a senior industry official said on Saturday (04/08). A pick-up in legal exports will reduce the smuggling of gold […]

China, Myanmar to sign MOU on Economic Corridor in 2018

China and Myanmar will soon sign a Memorandum of Understanding (MOU) on building the China-Myanmar Economic Corridor (CMEC), one of the highlight projects of the Belt and Road (B&R) initiative, according to reports by media in Myanmar. U Aung Naing Oo, Director General of the Directorate of Investment and Company Administration of Myanmar, was recently […]

Researchers study impact of Myanmar minimum wage rise

As part of an ongoing programme to improve labour conditions in the garment industry, a European multi stakeholder initiative has started a research project on living wages in Myanmar. The Southeast Asian nation’s legal minimum wage increased from MMK 3600 to MMk 4,800(US$3.5) per day in May, and now Fair Wear Foundation and Dutch trade […]

With its economy opening, Myanmar scoping seafood opportunities

The Southeast Asian country of Myanmar remains a relatively unknown commodity in the seafood world. With a population of 53 million, ranking it larger than South Korea and Canada, and more than 2,000 kilometers of coastline, according to the World Resources Institute, Myanmar’s potential as a seafood-producing state is significant. But a repressive military junta, […]

Japan Inc. pours cash into Myanmar despite Rohingya crisis

YANGON — Japanese companies are investing aggressively in Myanmar with help from Tokyo, even as their European and American counterparts shy away while hundreds of thousands of Rohingya Muslims flee the country to escape persecution. Japan’s businesses were approved to devote a record $1.47 billion to the Southeast Asian nation for the fiscal year ended […]

Interview with Myanmar’s transport and infrastructure chief

Picture a busy intersection in a Southeast Asian city, and you’ll find yourself surrounded by motorbikes revving and swerving through the traffic. Not in Yangon, though. Myanmar’s largest city banned motorbikes in 2003, making it fertile ground for building affordable and reliable public transport. For the first time in its modern history, the country is […]

Is Hong Kong ready for return of domestic helpers from Myanmar?

More than three years after Myanmar stopped its citizens from working as domestic helpers in Hong Kong, a local lawmaker is paving the way for their return – but this time as nursing carers looking after the city’s growing elderly population. The drive, initiated by Liberal Party lawmaker Felix Chung Kwok-pan, is seen as the […]